• 3 minutes "Biden Is Running U.S. Energy Security Into The Ground" by Irina Slav
  • 6 minutes How Far Have We Really Gotten With Alternative Energy
  • 9 minutes "How to Calculate Your Individual ESG Score to ensure that your Digital ID 'benefits' and money are accessible"
  • 4 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 19 hours "Natural Gas Price Fundamental Daily Forecast – Grinding Toward Summer Highs Despite Huge Short Interest" by James Hyerczyk & REUTERS on NatGas
  • 12 days 87,000 new IRS agents, higher taxes, and a massive green energy slush fund... "Here Are The Winners And Losers In The 'Inflation Reduction Act'"-ZeroHedge
  • 2 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 2 days Energy Armageddon
  • 6 days "Forget Oil, The Real Crisis Is Diesel Inventories: The US Has Just 25 Days Left" by Zero Hedge - 5 Stars *****
  • 4 days Is Europe heading for winter of discontent with extensive gas shortages?
  • 7 days The Federal Reserve and Money...Aspects which are not widely known
  • 6 days "Europe’s Energy Crisis Has Ended Its Era Of Abundance" by Irina Slav
  • 6 days "The Global Digital ID Prison" by James Corbett of CorbettReport.com
  • 20 hours Wind droughts
  • 8 days Goldman Betting on Cryptocurrencies
  • 11 days Сryptocurrency predictions
Dan Dicker

Dan Dicker

Dan Dicker is a 25 year veteran of the New York Mercantile Exchange where he traded crude oil, natural gas, unleaded gasoline and heating oil…

More Info

Why is Oil So Strong in the Face of Almost Universally Weakening Markets?

The markets have looked a lot shakier in the past two weeks and that certainly applies to more than the bond and equity markets.  As treasury rates have risen and bond prices have fallen, we’ve seen a massive deleveraging from the Japanese stock market that has hit currencies hard as well, particularly the Yen.

Whew – all of that has made a safe haven for investment hard to find and commodities have continued to suffer as well:  Copper is reeling as is iron ore and most of the grains. 

But not oil.  Oil has managed to stay sticky in price with Brent remaining above $100 a barrel and West Texas Intermediate hovering close to $95 a barrel.  How can oil stay so strong in the face of almost universally weakening markets?

The answer lies in two reasons unique to oil – and they are both financial and not fundamental in nature. 

First is the Brent oil market, which has become the global benchmark for pricing.  Brent crude is priced mostly upon North Seas crude, which has continued to experience a weakening supply profile:  the production from the North Sea continues to disintegrate.   And even though new supply from deep water and shale plays in the US augment the already increased supply from Saudi Arabia and Iraq, the financial connection to a small North Sea market with an inherent supply shortage continues to put upwards pressure on prices. 

And while it would be far more…




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News