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4. March 2008 by Jim Sutliff.
The biggest drop in commodities in six weeks due mainly to the economy. A major downward trend across a broad segment of the economy is a view shared by many analysts. Tomorrow will also be the weekly inventory report as well as the long awaited OPEC meeting.
To read a related article, please click here:
http://www.bloomberg.com/apps/news?pid=20601087&sid=awYBbG7tjxuc&refer=home
Jim Sutliff
Posted in OPEC, Oil, Natural Gas | No Comments »
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 oil, distillates and gasoline all rising. The chance of OPEC cutting production with prices this high is unrealistic to most sane traders. So why the four dollar spike? Money. Traders make money when there is movement. There is room to fall now so don’t be surprised if it does.
To view a recent article click here:
http://www.signonsandiego.com/news/business/20080220-9999-1n20oil.html
James Sutliff
Posted in OPEC, Options & Futures, Oil | No Comments »
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 low as $70 per barrel this year.
James Sutliff
Posted in OPEC, Oil | No Comments »
27. January 2008 by Jim Sutliff.
Oil markets are set for another rocky week. OPEC will meet on Friday to discuss production increases and the weekly inventory report is due on Wednesday. Currently, analysts expect OPEC to keep levels the same. However, the recent arms deal with the Saudis may help influence them to vote for a production increase. The arms deal will be voted on by American officials the following week.
To view a recent article click here:
http://money.cnn.com/2008/01/25/news/international/opec/?postversion=2008012515
James Sutliff
Posted in OPEC, Options & Futures, Oil | No Comments »
10. January 2008 by Jim Sutliff.
The increase in refining to over 90% has led to a fall in U.S. crude oil inventory. This may lead to an increase in OPEC production targets at their February meeting. That type of speculation coupled with very warm weather in the northeast should continue to lower crude oil prices.
To view a recent article click here:
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aP8WMSE0aS48
James Sutliff
Posted in OPEC, Oil | No Comments »
4. December 2007 by Jim Sutliff.
http://online.wsj.com/article/SB119678143526613166.html?mod=googlenews_wsj
Posted in OPEC, Oil | No Comments »
26. November 2007 by Jim Sutliff.
Opec is expected to not raise output and that sent oil higher for a second day.
To read a related Bloomberg article please click the attached link.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aKvcQTXOSHDI
James Sutliff
Posted in OPEC, Options & Futures, Oil | No Comments »