Category Archives: Oil

Oil

Oil Rises On Inventory Report –

Posted on 19. May 2011 by Jim Sutliff

Crude oil rose above $100 a barrel after an Energy Department report indicated that supplies remained flat.  Analysts had expected a rise in crude oil inventory by 500,000 – 700,000 barrels.  Also, gasoline inventories rose 100,000 barrels which fell short of the nearly … Continue reading →

Posted in Economic News, Gasoline, General, Investments, Oil, Options & Futures, Trading | Leave a comment

Crude Oil Inventories Jump –

Posted on 11. May 2011 by Jim Sutliff

Crude oil inventories jumped 3.8 million barrels according to a report from the U.S. Department of Energy.  The increase was more than three times the 1.2 million barrels that was predicted by analysts.  Market factors also weighed on oil prices and the … Continue reading →

Posted in Economic News, Gasoline, General, Investments, Oil, Options & Futures, Stocks, Trading | Leave a comment

Exxon Mobil Profit Soars –

Posted on 1. May 2011 by Jim Sutliff

Exxon Mobil reported earnings on Thursday that indicated a very strong first quarter.  Exxon earnings beat analyst expectations and were $2.14 per share.  Exxon quarterly profit was almost $11 billion which is up from the $6.3 billion the company posted for the first quarter … Continue reading →

Posted in Earnings, Gasoline, General, Investments, Oil, Options & Futures, Stocks, Trading | Leave a comment

Oil Rallies –

Posted on 8. April 2011 by Jim Sutliff

Crude oil continued to rally and reached a 30 month high at nearly $113 dollars a barrel.  Crude rose with other commodities like gold and tin which also reached trading highs on Friday.  Investors shifted holdings to commodities as speculation grew that … Continue reading →

Posted in Banking, Bonds, Currency, Economic News, Gasoline, Interest Rates, Investments, Metals, Oil, Options & Futures, Regulatory, Trading | Leave a comment

Oil And Gold Rise –

Posted on 7. April 2011 by Jim Sutliff

Oil hit 2 1/2 year highs in afternoon trading and fueled concerns regarding inflation.  Crude oil is putting pressure on the $110 dollar a barrel mark and some analysts are predicting $150 oil before the end of the year.  The inflationary … Continue reading →

Posted in Banking, Currency, Economic News, General, Investments, Metals, Oil, Options & Futures, Trading | Leave a comment

Stocks Rise On Data –

Posted on 1. April 2011 by Jim Sutliff

Stocks finished the week with gains after the release of positive employment and manufacturing data.  The market had just completed the best first quarter since 1998.  The market gained in spite of oil rising to the highest level since September 2008. To read a … Continue reading →

Posted in Banking, Economic News, General, Investments, Oil, Stocks, Trading | Leave a comment

Crude Oil Supplies Rise –

Posted on 30. March 2011 by Jim Sutliff

Crude oil supplies rose 2.95 million barrels and gasoline inventories dropped 2.7 million barrels.  Distillate stocks rose slightly with refinery activity preparing to shift to gasoline for the summer driving season.  Crude oil fell in light trading volume as a result of the energy … Continue reading →

Posted in Economic News, Gasoline, General, Investments, Oil, Options & Futures, Trading | Leave a comment

Crude Oil Inventories Rise –

Posted on 23. March 2011 by Jim Sutliff

Crude oil inventories rose by 2.1 million barrels to 352.8 million barrels which is the highest level since last November.  Supplies of gasoline fell 5.3 million barrels and inventories of distillates were unchanged.  In addition, refinery utilization rates and demand for … Continue reading →

Posted in Economic News, Gasoline, General, Investments, Natural Gas, Oil, Options & Futures, Trading | Leave a comment

Exxon Mobil (XOM) Lands Drilling Permit –

Posted on 22. March 2011 by Jim Sutliff

Exxon Mobil landed a deep-water drilling permit in the Gulf of Mexico.  The permit  will allow Exxon to drill in the Keathley Canyon Block 240 miles off the coast of Louisiana.  The Bureau  of Ocean Energy Management, Regulation and Enforcement started to … Continue reading →

Posted in General, Infrastructure, Investments, Oil, Options & Futures, Political News, Regulatory, Stocks, Trading | Leave a comment

Crude Oil Inventory Report –

Posted on 9. March 2011 by Jim Sutliff

Despite a rise in inventory, crude oil is still trading in the $105 range.  The Department of Energy released their weekly inventory report that showed crude inventories rising 2.5 million barrels.  The increase was larger than analysts had expected and adds to … Continue reading →

Posted in Economic News, Gasoline, General, Investments, Oil, Options & Futures, Trading | Leave a comment

Crude Oil To $200?

Posted on 8. March 2011 by Jim Sutliff

The Bloomberg Chart Of The Day looks at oil prices and outstanding $200 call options.  The article discusses the recent events in the middle east that are spiking interest in crude oil call options.  The number of $200 contracts are at … Continue reading →

Posted in General, Natural Gas, Oil, Options & Futures, Political News, Trading | Leave a comment

Crude Oil Ends Lower –

Posted on 24. February 2011 by Jim Sutliff

 Crude oil reversed an upward trend in the final hours of trading on Thursday.  Crude oil had topped the $100 mark but ended up lower on the day finishing down almost $2 dollars.  News relating to a Saudi Arabian aid … Continue reading →

Posted in Economic News, Gasoline, General, Investments, Natural Gas, Oil, OPEC, Options & Futures, Trading | Leave a comment

Turmoil Sends Oil Soaring –

Posted on 22. February 2011 by Jim Sutliff

Reuters reports that Libya has declared a Force Majeure on some oil shipments.  A force majeure would clear companies of some contractual obligations due to events beyond their control.  Specific details relating to the force majeure declaration are unclear and … Continue reading →

Posted in Economic News, Gasoline, General, Investments, Oil, Options & Futures, Political News, Trading | Leave a comment

Oil And Gasoline Supplies Rise –

Posted on 10. February 2011 by Jim Sutliff

Oil and Gasoline supplies rose last week and that sent prices lower in trading.  Oil prices are under pressure from rising inventories and increased output from OPEC.  Supplies of oil rose 1.9 million barrels last week to 345.1 million barrels.  Gasoline … Continue reading →

Posted in Gasoline, General, Investments, Natural Gas, Oil, OPEC, Options & Futures, Trading | Leave a comment

OPEC To Discuss Output –

Posted on 30. January 2011 by Jim Sutliff

OPEC is expected to discuss oil output levels at an international energy forum in Riyadh on February 22nd.  All OPEC members will be at the forum and they could significantly raise output levels.  OPEC has been under pressure to increase output levels … Continue reading →

Posted in Economic News, Gasoline, General, Investments, Oil, OPEC, Options & Futures, Stocks, Trading | Leave a comment