WTI Crude •1 day	59.20	+0.77	+1.32%
Brent Crude •1 day	64.39	+1.00	+1.58%
Natural Gas •1 day	2.334	-0.093	-3.83%
Mars US •1 day	59.00	+1.02	+1.76%
Opec Basket •3 days	64.81	+1.42	+2.24%
Urals •2 days	59.20	+0.75	+1.28%
Louisiana Light •3 days	61.72	-0.14	-0.23%

	Louisiana Light • 3 days	61.72	-0.14	-0.23%
	Bonny Light • 2 days	65.47	+0.60	+0.92%
	Mexican Basket • 3 days	53.30	+0.52	+0.99%
	Natural Gas • 1 day	2.334	-0.093	-3.83%
Click Here for 150+ Global Oil Prices

Click Here for 150+ Global Oil Prices Link

Marine •2 days	63.31	+0.39	+0.62%
Murban •2 days	65.66	+0.39	+0.60%
Iran Heavy •2 days	56.26	+0.75	+1.35%
Basra Light •2 days	68.69	+1.03	+1.52%
Saharan Blend •2 days	66.37	+1.01	+1.55%
Bonny Light •2 days	65.47	+0.60	+0.92%

	Bonny Light • 2 days	65.47	+0.60	+0.92%
	Girassol • 2 days	66.42	+0.44	+0.67%
	Opec Basket • 3 days	64.81	+1.42	+2.24%
OPEC Members Monthly
Click Here for 150+ Global Oil Prices

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Canadian Crude Index •1 day	40.14	+0.00	+0.00%
Western Canadian Select •2 days	38.43	+0.40	+1.05%
Canadian Condensate •109 days	52.43	+0.00	+0.00%
Premium Synthetic •99 days	58.83	+0.00	+0.00%
Sweet Crude •2 days	52.93	-0.20	-0.38%
Peace Sour •2 days	50.13	-0.30	-0.59%

	Peace Sour • 2 days	50.13	-0.30	-0.59%
	Light Sour Blend • 2 days	52.28	-0.55	-1.04%
	Syncrude Sweet Premium • 2 days	58.58	-0.05	-0.09%
	Central Alberta • 2 days	50.13	+0.20	+0.40%
Click Here for 150+ Global Oil Prices

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Louisiana Light •3 days	61.72	-0.14	-0.23%
Domestic Swt. @ Cushing •2 days	55.75	+1.00	+1.83%
Giddings •2 days	49.50	+1.00	+2.06%
ANS West Coast •86 days	65.93	+2.08	+3.26%
West Texas Sour •2 days	53.15	+0.77	+1.47%
Eagle Ford •2 days	57.10	+0.77	+1.37%

	Eagle Ford • 2 days	57.10	+0.77	+1.37%
	Oklahoma Sweet • 2 days	55.75	+1.00	+1.83%
	Kansas Common • 3 days	48.75	+0.00	+0.00%
	Buena Vista • 3 days	67.66	+0.00	+0.00%
Click Here for 150+ Global Oil Prices

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Why The OPEC+ Pledge Is More Bullish Than It Seems

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Jim Hyerczyk

Jim Hyerczyk

Fundamental and technical analyst with 30 years experience.

Latest articles from Jim

Oil Market Forecast & Review 12th July 2013

Published 12 July 2013 | viewed 5,749 times

September crude oil futures continued to soar this week, proving that last week’s huge rally was no fluke. The market spiked up early in the…
Oil Market Forecast & Review 5th July 2013

Published 06 July 2013 | viewed 7,653 times

August crude oil futures regained the long-term resistance line of a triangle chart pattern on July 3, putting it in a position to close higher…
Oil Market Forecast & Review 28th June 2013

Published 28 June 2013 | viewed 6,806 times

August crude oil futures bucked the trend in many commodities to post a strong close for the week. The market was buoyed by signs of…
Oil Market Forecast & Review 21st June 2013

Published 21 June 2013 | viewed 7,612 times

August crude oil continued its sharp rally which began two weeks ago when the market successfully held a major pivot zone at $94.32 to $93.13.…
Oil Market Forecast & Review 14th June 2013

Published 14 June 2013 | viewed 6,308 times

After a successful test of a short-term retracement zone at $91.88 to $90.56, August Crude Oil futures appear poised to breakout over a downtrend line…
Oil Market Forecast & Review 7th June 2013

Published 07 June 2013 | viewed 6,429 times

July crude oil surged last week after finding support slightly below a 50% price level at $91.26. The powerful move to the upside has put…
Oil Market Forecast & Review 31st May 2013

Published 31 May 2013 | viewed 6,611 times

There wasn’t much movement in July Crude Oil this past week. The market basically retraced about 75% of the previous week’s range before selling off…
Oil Market Forecast & Review 24th May 2013

Published 24 May 2013 | viewed 5,540 times

Although U.S. crude oil supplies fell 300,000 barrels for the week-ending May 17, according to an Energy Information Administration (EIA) report, traders seemed to be…
Oil Market Forecast & Review 17th May 2013

Published 17 May 2013 | viewed 6,586 times

After falling from $97.38 on May 6 to $92.40 on May 15, July crude oil rebounded on May 16 to regain almost 50% of its…
Oil Market Forecast & Review 10th May 2013

Published 10 May 2013 | viewed 4,916 times

Late breaking news on Thursday may have signaled the top in July crude oil as traders reacted with aggressive selling pressure. The move was triggered…
Oil Market Forecast & Review 3rd May 2013

Published 03 May 2013 | viewed 4,412 times

June crude oil is set to close lower for the week after heavy selling pressure hit the market following a test of a major 50%…
Oil Market Forecast & Review 26th April 2013

Published 26 April 2013 | viewed 5,402 times

June crude oil surged on the daily and weekly charts, regaining a key support line and setting up the market for further upside action. Before…
Oil Market Forecast & Review 19th April 2013

Published 19 April 2013 | viewed 5,782 times

Last week’s technical report suggested that June crude oil was poised for a volatile move because of the triangle chart pattern formation it had formed.…
Oil Market Forecast & Review 12th April 2013

Published 12 April 2013 | viewed 7,084 times

June crude oil futures traded mixed last week as traders had to deal with conflicting signals. Technically, the market is oversold on a short-term basis…
Oil Market Forecast & Review 29th March 2013

Published 01 April 2013 | viewed 4,114 times

Last week our work suggested that crude oil may have been closer to a bottom than a top because the Commitment of Traders report showed…
Oil Market Forecast & Review 22nd March 2013

Published 22 March 2013 | viewed 6,535 times

May crude oil futures surged early last week, but the rally stalled when the market reached the lower level of our target zone at $94.44.…
Oil Market Forecast & Review 15th March 2013

Published 15 March 2013 | viewed 6,242 times

Oversold conditions on the daily chart and a strengthening economy helped drive May crude oil futures higher last week. The move through $92.50 confirmed the…
Oil Market Forecast & Review 8th March 2013

Published 08 March 2013 | viewed 6,023 times

After a five-week sell-off, April Crude Oil is showing signs of a potential short-term bottom on the weekly chart. Earlier this week it reached a…
Oil Market Forecast & Review 1st March 2013

Published 02 March 2013 | viewed 3,968 times

Last week it was mentioned that nearby crude oil was expected to complete a test of the retracement zone at $92.37 to $90.85 and likely…
Oil Market Forecast & Review 22nd February 2013

Published 22 February 2013 | viewed 6,625 times

In a move that has been anticipated for several weeks, Nearby crude oil futures plunged sharply lower the week-ending February 22 after support for higher-risks…

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