Category Archives: Oil

Oil

Crude Heads South –

Crude oil has fallen more trhan $2 dollars today due to a belief that there is lower demand in America.  The United States is the largest consumer of crude oil and higher prices could be taking a toll on the … Continue reading

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Oil Takes A Break –

Oil took a break today and retreated from an all-time high.  For quite some time we have felt that investors have been driving the rise in oil prices and that argument is catching on with analysts.  In an article by … Continue reading

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Oil soars Again And Again –

Oil rallied again today breaking through the $134 dollar mark.  The rally was sparked by an inventory surprise that showed crude falling millions of barrels.  The market had expected a slight increase in supplies.  Much of this is still just … Continue reading

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Bush Heads To Saudi Arabia –

Pesident Bush is heading to Saudi Arabia and one of the main topics will be an increase in oil production by OPEC.  Saudi Arabia has the ability to increase OPECs production due to their percentage vote in OPEC.  Also, they … Continue reading

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Prediction: Crude Oil

Prediction: Oil prices will spike in the near term with continued global unrest and a greater focus on speculation. The speculation component in oil prices will have an effect on the volatility and not the underlying price.  Therefore, the price … Continue reading

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Crude Price Chart: 1861-2008

Forbes has a chart of crude oil prices from 1861-2008. To view the site, please click here: http://www.forbes.com/business/2005/11/01/oil-prices-1861-today-real-vs-nominal_flash.html Jim Sutliff

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Oil In Record Territory –

Oil prices conitnue to move higher and into record territory.  The effect is being felt by the overrall stock market. To view a related article, please click here: http://www.forbes.com/home/feeds/ap/2008/05/07/ap4981171.html Jim Sutliff

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British Refinery Strike Ends –

The refinery strike in Great Britain that sent oil prices rising a couple of days ago is over.  This had a cooling effect on oil prices today and could help spur a decline if the Fed doesn’t lower rates tomorrow.  … Continue reading

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Crude Inventory Rises –

Crude oil supplies rose by over 2 million barrels exceeding expectations.  However, Gasoline and Distillates stocks declined.  To view a related article, please click here: http://money.cnn.com/2008/04/23/markets/oil_eia/?postversion=2008042311 JamesvSutliff

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Global Warming Produces Crude –

Global warming has helped to reveal large deposits of crude oil in Greenland.  In an ironic twist, global warming seems to have been an aid to the discovery of oil deposits in Greenland.  The initial thaw in the 1990s allowed … Continue reading

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Inventory Falls –

Crude oil supplies fell almost two and a half million barrels last week.  This was a surprise since supplies were expected to increase.  Also, refinery activity fell to a surprisingly low level. To view a related article, please click here: … Continue reading

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Oil Rockets –

Oil soared after an inventory report showed a steep decline in supplies rather than the gain that was expected.  This should not have a lasting effect when traders take into account the supply gains of the previous week.  A number … Continue reading

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A Whopper Of A Report –

As we predicted yesterday it was a whopper of an inventory report.  Crude oil supplies rose 7.4 million barrels easily exceeding the expected 2.8 million barrel increase.  Gasoline and distillates fell mainly due to refineries cutting runs because of lack … Continue reading

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Oil Falls Ahead Of Inventory Report –

Crude Oil prices fell slightly after tumbling the day before.  Most traders are waiting to see the inventory data that is due out Wednesday.  Analysts predict that crude oil stocks rose 2.8 million barrels with distillates and gasoline falling.  This … Continue reading

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Inventory Report Flat –

The weekly inventory report came in flat by most accounts.  Refinery runs were done but crude supplies still came in lower than expected.  Both gasoline and distillate stocks also fell.  Oil is trading at over 300 points higher than earlier … Continue reading

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