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Showing posts with label $WTIC. Show all posts
Showing posts with label $WTIC. Show all posts
Tuesday, October 2, 2012
Tuesday, November 22, 2011
Where's WTI Oil Going Next?
Friday, May 27, 2011
Keep An Eye On Oil
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Analysis of today's mixed market activity, and a closer look at oil, with Helima Croft and Barry Knapp, Barclays Capital.
For Past ITZ Posts Click Here
Monday, March 7, 2011
Crude Oil Update
Subscribe in a reader Bookmark this on DeliciousInsight on whether we are nearing the economic tipping point for oil prices, with CNBC's Sharon Epperson; Chris Edmonds, Enerecap Partners and John Hofmeister,former president/CEO, Shell Oil.
Tuesday, February 1, 2011
Oil's Trend Is Higher
Subscribe in a reader Bookmark this on Delicious WTI oil backed off today as Egypt seemed to calm down, on the close today President Mubarak stated he would not seek re-election this September. West Texas WTI was down on the day, however is trading up in in futures as I type. Brent crude continues to trade above $100 and the spread remains at historical high levels ($10), in the past, the when WTI has traded under Brent it has resulted in higher oil prices.
Goldman Sachs said it was bullish on crude oil on strong global demand that is growing well in excess of non-OPEC supply, overriding concerns of potential supply disruptions driven by political developments in the Middle East. >>LINK
Profiting From the Historic Spread Between WTI Cushing and Brent Crude Oil Prices >>LINK
A look at why investors should still be bullish on oil, with Brian Kelly, Kanundrum Capital president. >>LINK
Wednesday, January 26, 2011
Tuesday, May 18, 2010
How Much Lower Will Crude Oil Go?
Subscribe in a readerCrude oil has now broken under $70 on concerns that Europe's debt crisis will slow economic growth, and hence demand for energy, next support level will be $65.
Interesting report from AOL Finance today ... 'The World Can't Live Without Deepwater Oil'... >>READ
Monday, April 26, 2010
Crude Oil Outlook
OPEC violating production quotas at the same time as demand from industrialized nations stagnates is spurring bets in the oil market that the 13-month rally in crude is coming to an end. >>READ STORY
“Oil at $87 a barrel seems pretty unreasonable given the fundamentals of the market,” said Addison Armstrong, director of market research at Tradition Energy, a Stamford, Connecticut- based procurement adviser. “Forget China and India for a minute. The U.S. remains the biggest consumer, and U.S. demand hasn’t recovered.”
U.S. demand will drop 9.4% to average 18.84 million barrels a day this year, from a record 20.8 million in 2005, the Energy Department said on April 6. The U.S. uses more than twice as much crude as China, the second-biggest consumer. India is fourth. Consumption in the 30 industrialized countries that belong to the Organization for Economic Cooperation and Development will average 45.4 million barrels a day this year, down 8.3% from 2006, according to the International Energy Agency, which coordinates energy policy of 28 developed nations.
The Commitment of Traders (COT) report shows Commercials adding to their large net short position. On April 16th Commerical traders came in at -146,127 contracts net short, while this Friday, April 23rd, -148,126 contracts net short or an increase of 2,099 short contracts. Commercial Traders are early & usually correct in their timing, since they have a position in the underlying commodity. COT Link
Monday, November 16, 2009
Crude Oil Outlook
Fed Chairman Ben Bernanke will speak at the Economics Club of New York at noon today and the topic will be "Economic Outlook." Needless to say all eyes will be on the Fed chief on hopes he will slip and give us some indication of what he is really thinking. This could end up being the most important economic event for the week. My guess is he will state inflation isn't a problem [yet] and that the economy is slowly improving... so what else is new?
On Friday the CEO of Exxon said, that $20-$25 of the price of oil was due to dollar speculation. Well like that was a surprise! I'm still holding to my guns and targeting $90+ oil by year end and $100 + in 2010. My 2 plays in the energy sector continue to be Transocean (RIG) & Pride Int'l (PDE).
*click chart to expand image
Thursday, October 8, 2009
OIL Set to Break Out!
You can't miss the headlines of Gold making new highs...is anyone talking about oil breaking out and heading to $95 or $100 this winter?
The energy sector is set to breakout just as gold was 3 to 4 months ago. Don't believe...just look at one of the Itz Pix stock...Transocean (RIG) move today?
*click on chart to expand
Thursday, July 9, 2009
Oil Volatility Index ($OVX)
It's been about one year now that the Oil Volatility Index has been out. Below is a portion of a CNBC report and an annotated chart I've posted.
An Oil VIX above 50, for instance, doesn't merely represent the threat of a move higher, but rather indicates that traders are concerned about unpredictable moves either way. At the same time, the Oil VIX has been a somewhat less reliable predictor considering it is barely a year old and lacks the history to establish reliable benchmarks.
"There's risk in both directions," said one oil trader at the CBOE who asked not to be named. "I think what it is measuring is there's a growing amount of bimodal thinking on this."
Yet the Oil VIX is about half its level from December, also indicating that traders believe the worst of the volatility has passed and that trading is more likely now to find a range.
Read full CNBC Report at this link
*click on chart to expand image
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