CRUDE OIL

WTI Crude Oil Price Reaches Key Inflection Point, Downside Risk Increases as Global Supply Builds

Thu Oct 1, 2015

The spot WTI crude oil price, traded on the Chicago Mercantile Exchange, surged to an intraday high of U.S. $47.10 per barrel on Thursday before tumbling 5.01% to ...

WTI Crude Oil Price Skyrockets after EIA Moves the Goal Posts, What Does the Chart Say?

Mon Aug 31, 2015

The spot WTI crude oil price, traded on the Chicago Mercantile Exchange, ran up for the third straight day and settled at U.S. $48.54 a barrel, up 7.13% on Monday, after ...

 
 

WTI Crude Oil Price Closed Under U.S. $45 a Barrel Ahead of the Non-farm Payrolls Report

Thu Aug 6, 2015

The spot WTI crude oil price, traded on the Chicago Mercantile Exchange, settled at U.S. $44.84 a barrel on Thursday, ahead of the release of the July non-farm ...

WTI Crude Oil’s Dead Cat Bounce Comes After Nuclear Deal Reached Between P5+1 Countries and Iran?

Tue Jul 14, 2015

The spot WTI crude oil price, traded on the Chicago Mercantile Exchange, swung between gains and losses ...

Hedge Funds May Have Had it with Crude Oil

Mon Jul 6, 2015

The spot WTI crude oil price, traded on the Chicago Mercantile Exchange, tumbled 6.76% to close at U.S. $52.68 per barrel on Monday after Greece’s leftist Tsipras government won the referendum with a “No” vote on Sunday. Last ...

WTI Crude Oil Price is Rising in a Bearish Wedge Pattern as Hedge Funds Increase Their Net Long Positions

Fri May 29, 2015

Crude oil futures for delivery in July 15 [CLN5:NYM] surged 4.64% on Friday to an intra-day high of U.S. $60.70 per ...

 

WTI Crude Oil Prices Tumbled as the May 15 Contracts Expired and Rolled Over to the June 15 Contracts

Tue Apr 21, 2015

Crude oil futures for delivery in May 15 [CLK5.NYM] expired on Tuesday at U.S. $55.58 per barrel, down 1.48%, while ...

The Inverse Correlation Between Crude Oil Prices and the U.S. Dollar Index May Begin to Break Down As Speculators Increase their Bullish ...

Mon Apr 13, 2015

Crude oil futures for delivery in May 15 [CLK5.NYM] surged 4.12% to an intraday high of U.S. $54.13 per barrel on ...

Crude Oil Prices Could be Heading Down to U.S. $40 Dollar per Barrel as Hedge Funds Show No Signs of Capitulation

Thu Mar 19, 2015

Crude oil futures for delivery in April 15 [CLJ15.NYM] surged 4.33% on Wednesday to an intraday high of U.S. $45.34 ...

Hedge Funds Are Increasingly Bearish as Crude Oil Prices Fall Below Key Technical Support Level of U.S. $48.64 per Barrel

Thu Mar 12, 2015

Crude oil futures for delivery in April 15 [CLJ15.NYM] plunged almost 2.66% on Thursday to an intraday low of U.S. $46 ...

Hedge Funds Could Head to the Exits if Crude Oil Prices Continue to Fall

Sun Mar 1, 2015

The Thailand SET closed at 1587.01, down 1.03% for the week, despite the fact that the EU accepted Greek proposals for a 4-month extension on Monday. The put-call option ...

Where the Crude Oil Price is Heading Depends on the U.S. Treasury and the Euro

Sat Feb 14, 2015

Crude oil futures for delivery in March 15 [CLH15.NYM] surged 4.05% on Friday to an intraday high of U.S. $53.43 per barrel and closed at U.S. $52.65 per barrel on the New York ...

OPEC is Back in the Driver’s Seat as U.S. Slashes its Production

Mon Feb 9, 2015

Crude oil futures for delivery in March 15 [CLH15.NYM] surged 4.45% on Monday to an intraday high of U.S. $53.99 per barrel on the New York Mercantile Exchange (NYMEX) as ...

Crude Oil Volatility Index (OVX) Spikes as the Crude Oil Rally Was a Dead Cat Bounce

Wed Feb 4, 2015

Crude oil futures for delivery in March 15 [CLH15.NYM] traded down 9.6% to an intraday low of U.S. $47.95 per barrel on the New York Mercantile Exchange (NYMEX) on Wednesday ...

Goldman Sachs Said WTI Crude Oil Goes to $39: Is it possible?

Tue Jan 13, 2015

Goldman Sachs Analyst Jeff Currie cut his 6-month forecasts yesterday for Brent to U.S. $42 a barrel, from U.S. $80 a barrel, and for U.S. West Texas Intermediate (WTI) to ...

Global Equity Markets Got Harpooned as US Dollar Index and OVX Break Out

Mon Jan 5, 2015

The U.S. Dollar Index (DXY pronounced “Dixie”), which broke out the 90.38 head resistance or 38.2% Fibonacci retracement last Friday, surged to a new high today at ...

Crude Oil Volatility Index (OVX) May be Signaling That Crude Oil Prices Could Go Even Lower

Wed Dec 31, 2014

Crude oil futures for delivery in February 15 [CLG15.NYM] closed on the last day of the year on the New York Mercantile Exchange (NYMEX) at U.S. $53.71 per barrel, the worst ...

Futures and Options Markets Are Signaling Cheap Crude Oil May Stay Here For Awhile

Wed Dec 17, 2014

Crude oil futures for delivery in January 15 [CLF15.NYM] were traded today on the New York Mercantile Exchange as low as U.S. $54.04 per barrel, a drop of over 4% from the previous ...

Is Natural Gas the Next Shoe to Drop?

Fri Dec 12, 2014

Natural gas futures for delivery in January 15 [NGF15.NYM], which is traded on the New York Mercantile Exchange, fell U.S. $0.07 per million British thermal units (BTU) or -1.73% on Monday, to U.S. $3.73 per million BTU, along with the ...

Crude Oil Price Tumbles as the International Energy Agency Cuts Demand Outlook

Wed Dec 10, 2014

Crude oil futures for delivery in January 15 [CLF5.NYM], which is traded on the New York Mercantile Exchange, fell U.S. $2.41 per barrel to U.S. $57.54 per barrel, or -4.02%, after ...

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