CRUDE OIL

OPEC Will Soon Find Out Whether Their 1.8 MMBPD Production Cut Was A Good Or Bad Idea

Fri Apr 14, 2017

The WTI crude futures May '17 gained just 1.24% for the week, closing at $52.89 per barrel on Thursday, while the Brent oil futures June '17 was up only 0.72% for the week ...

Crude Oil Prices, Oversupply And Currency Risks

Fri Jan 27, 2017

The price of WTI crude oil (NYSEARCA:USO) has surged about 27% from its November low of $42.20 per barrel, after the U.S. elections and is now stuck in a trading range between $52 and $53.96 per barrel, or the 76.4% ...

WTI Crude Oil Price Bounced Off a Technical Support Following a Volatile Week, Downside Risk Continues

Fri Aug 5, 2016

The WTI crude oil spot price inched up just $0.20 per barrel for the week, to close on Friday at $41.80 per barrel, while ...

Crude Prices Breaking Down as Concerns Rise About the Lackluster U.S. Economy… Don’t Believe it, Just Ask Starbucks

Fri Jul 22, 2016

The WTI crude oil spot price tumbled 4.52% for the week to close on Friday at $44.19 per barrel, while the Brent crude ...

WTI Crude Oil is Heading South Because It’s JULY!!!

Wed Jul 13, 2016

The WTI crude oil spot price tumbled 3.24% on Wednesday, closing at $45.11 per barrel, while the Brent crude price took a 3.3% nosedive to close at $46.62 per barrel, following ...

A Crude Oil Price Correction Will Hit The Forex Market

Tue May 31, 2016

The price of crude oil has rebounded about 90% from the February 11th low of $26.05 per barrel, or the "Janet Yellen low", when Federal Reserve Chair Janet Yellen told ...

Crude Oil Prices Could Be Establishing A $35-$42.50 Per Barrel Trading Range

Tue Apr 12, 2016

The price of crude oil continues to be volatile since it bounced off the February 11th low of $26.05 per barrel, or the "Janet Yellen low", when Federal Reserve Chair Janet Yellen told ...

A Crude Oil Rally Above $40 a Barrel is Unsustainable as the U.S. Economy Falters

Fri Mar 11, 2016

The price of crude oil has been on a sharp rebound since plunging to the February 11th low of $26.05 per barrel, or the "Janet Yellen low", when Federal Reserve Chair Janet ...

Energy ETF XLE Struggles As Crude Oil Looks For A Bottom

Fri Feb 26, 2016

The Energy Select Sector SPDR ETF (NYSEARCA:XLE), which tracks the S&P 500 Energy Select Sector Index (IXE) and is traded in direct correlation with the WTI crude price ...

Aggressive Fed Rate Hikes Could Take Crude Oil Below $20 a Barrel

Mon Feb 15, 2016

WTI crude oil prices have been getting whipsawed on concerns about global oversupply, financial turmoil in the eurozone, China and emerging markets, as well as ...

No Bottom In Crude Oil Until A U.S. Dollar Index Trend Reversal - Let's Look At The Charts

Mon Feb 8, 2016

WTI crude oil prices have been getting whipsawed since the beginning of the year on concerns over the impact of Iranian crude on the global supply, as sanctions are now lifted ...

WTI Crude Oil Price Surges on Short-Covering after ECB’s Draghi Dovish Comments

Thu Jan 21, 2016

The spot WTI crude oil price surged 5.37% on Thursday, to close at $29.85 per barrel, after European Central Bank (ECB) President Mario Draghi signaled at the press conference ...

WTI Crude Oil Prices Surged after Fed's Bullard Said Plunge in Crude Prices has Implications for Monetary Policy

Thu Jan 14, 2016

The spot WTI crude oil prices surged 3.96% to an intraday high of $31.77 per barrel on Thursday, after St. Louis Fed ...

WTI Crude Oil Prices Could Dip Below $30 a Barrel as Fed's Lacker Sees More Than Four Hikes This Year

Fri Jan 8, 2016

The U.S. Department of Labor said on Friday that nonfarm payrolls for December came in at 292,000, exceeding ...

WTI Crude Oil Prices Most Likely Will Head South After Obama Administration’s Second Thoughts on Iran Sanctions

Thu Dec 31, 2015

The spot WTI crude oil price was on a roller coaster ride on Thursday, as it surged 2.61% to an intraday high of $37.79 ...

WTI Crude Oil Prices Could Stay Below the 40s Throughout 2016, as Price War Ramps Up

Thu Dec 24, 2015

The spot WTI crude oil price continued to inch up, 0.61% higher on Thursday, despite the annual World Oil Outlook published by the Organization of Petroleum Exporting ...

WTI Crude Oil Prices Tumble as Dollar Bulls Make Big Bets on Fed Dot Plots

Thu Dec 17, 2015

The WTI crude oil futures contracts January’16 [CL1.NYM], which are traded inversely correlated to the U.S. dollar, tumbled 2.51% to an intraday low of $34.63 a barrel on ...

WTI Crude Oil Prices Could be Heading Even Lower as Futures Contract Rollover Looms

Thu Dec 10, 2015

The spot WTI crude oil price closed down another 1.69% on Thursday, at a six-year low of $36.58 per barrel. The crude price has been on a wild ride since yesterday, when it ...

Crude Oil Volatility Index Spikes as Crude Oil Bounces Off the 7-Year Low, Don’t Go Bottom Fishing Yet

Tue Dec 8, 2015

Crude oil futures for delivery in January’16 [CL1.NYM] traded down another 2.94%, to an intraday low of $36.64 per ...

ECB’s Hawkish Move Sent Crude Oil Skyrocketing but Will Rally Last?

Thu Dec 3, 2015

The spot WTI crude oil price bounced 4.19% to an intraday high of $41.78 per barrel on Thursday, after the European Central Bank (ECB) announced after its Governing Council ...

Crude Oil in Super Contango as Glut Persists, Don’t Go Bottom Fishing Yet

Thu Nov 26, 2015

The spot WTI crude oil price has risen 4.2% since its close on Friday, after Saudi Arabia pledged on Monday to work on price stability, and Tuesday's shoot down of a Russian warplane ...

Crude Oil Bottom may not be in Sight Until Oil Bulls Capitulate

Thu Nov 19, 2015

The spot WTI crude oil price dipped 0.31% to close at $41.85 per barrel on Thursday, after a Reuters report said that Iraq may increase oil output further in 2016 and sell some ...

Crude Oil Prices Nosedive as Global Stockpiles Reach a Record 3 Billion Barrels and El Niño Looms

Fri Nov 13, 2015

The spot WTI crude oil price tumbled another 3.43%, to an intraday low of $40.22 per barrel on Friday, before ...

Crude Oil Hammered by Strong Dollar, Bearish Head and Shoulders Pattern Emerges

Fri Nov 6, 2015

The U.S. dollar index (DXY), a weighted geometric index of the value of the U.S. dollar relative to a basket of six major currencies, surged 1.45% to an intraday high of 99.47 on ...

Hedge Funds and Swap Dealers Turn Bearish, Crude Oil Could Be Heading Back to $38 a Barrel

Wed Oct 21, 2015

The spot WTI crude oil price, traded on the Chicago Mercantile Exchange, tumbled to an intraday low of $44.86 per barrel on Wednesday to settle at $45.20 per barrel ...

Crude Oil Price Run-up by Hedge Funds on Elusive Russia-Saudi Talks Could Backfire and Send Price Back to $40 a Barrel

Wed Oct 7, 2015

The spot WTI crude oil price, traded on the Chicago Mercantile Exchange, surged to an intraday high of $49.71 ...

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