Monthly Archives: February 2008

Oil Falls –

Posted on 29. February 2008 by Jim Sutliff

Crude Oil traded at over $103 dollars a barrel overnight and could continue to rise.  Supply should not be much of a concern with a weakening economy expected.  However, geopolitical concerns along with inflows of investment dollars are sparking a … Continue reading →

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Inventory Report Shows Increase –

Posted on 27. February 2008 by Jim Sutliff

The February 27th inventory report showed an increase in Crude Oil supplies by 3.2 million barrels and an increase in Gasoline by 2.3 million barrels.  The increase in gasoline supplies was much higher than originally expected.  Crude Oil supplies at … Continue reading →

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Another Take On Inventory Report –

Posted on 21. February 2008 by Jim Sutliff

There are a number of views on the inventory report released today.  The numbers clearly look to support the bears but the market has yet to fall. To view a recent article click here: http://online.wsj.com/article/SB120360681776683011.html?mod=googlenews_wsj   James Sutliff

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Crude Inventory Rises –

Posted on 21. February 2008 by Jim Sutliff

Crude oil inventory rose 4.2 million barrels for the week.  Gasoline increased 1.1 million with heating oil supplies being drained 4.5 million.  This shouldn’t come as much of a surprise since refineries are switching over to gasoline at this time … Continue reading →

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Fed Expects Higher Inflation –

Posted on 20. February 2008 by Jim Sutliff

The Federal Reserve indicated that they expect higher inflation as well as increased unemployment.  This is a tricky combination since the main tool to fight inflation would be to increase interest rates.  At the current time an increase in interest … Continue reading →

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Inventory Report Speculation –

Posted on 20. February 2008 by Jim Sutliff

Responses to a Bloomberg survey indicate a rise in supplies for the inventory report due out Thursday.  The report is delayed one day due to President’s Day.  The report is expected to show an increase in crude oil supply of … Continue reading →

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Oil Continues Unlikely Rise –

Posted on 20. February 2008 by Jim Sutliff

Oil broke the $100 dollar mark again yesterday. This record took place with demand likely to fall and a weekly inventory report to probably show an increase in supply. This week the inventory report could be a lulu with crude … Continue reading →

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Chavez Backs Off Threat –

Posted on 17. February 2008 by Jim Sutliff

Chavez has changed his mind for the time being.  He has now determined that his nation will not cut off oil supplies to the America.  I imagine someone informed him that the refineries that can handle his sour crude are … Continue reading →

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Exchange Traded Notes Are Hot Issue –

Posted on 15. February 2008 by Jim Sutliff

Exchange traded notes are fast becoming a hot political issue.  The notes which have previously been available to only a small market have now become more accessible to the public.  What is being dubbed as “Derivatives for the masses” have … Continue reading →

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Oil Prices Move Sideways –

Posted on 13. February 2008 by Jim Sutliff

Oil prices moved sideways today after an inventory report that landed near expectations.  The end result should be that the market is solid and prices should fall.  The report has yet to be fully digested by traders. To view a … Continue reading →

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Oil Demand Expected To Decline –

Posted on 12. February 2008 by Jim Sutliff

The energy department cut its forecast for oil demand and price.  The change in the forecast coupled with the inventory report due out on Wednesday may dampen oil prices further.  The Energy Information Administration is expected to indicate that crude … Continue reading →

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IMF Chief Warns Of Oil Decline –

Posted on 10. February 2008 by Jim Sutliff

A chief for the International Monetary Fund recently mentioned the possibility of declining oil prices.  The discussion was mainly centered around the effects that a decline would have on economies of some African nations. To view a recent article click … Continue reading →

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Slippery Slope For Crude?

Posted on 4. February 2008 by Jim Sutliff

Oil prices refused to rise after the Fed cut rates and OPEC declined to increase output.  The seasonal rebuilding of inventories coupled with a possible recession are putting a ceiling on prices.  Some speculate that the price can hit as … Continue reading →

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