Category Archives: Oil

Oil

Gulf Storm Threatens Refineries –

Tropical storm Bonnie help to send gasoline futures higher at the end of the week.  The hurricane season is just beginning with Bonnie being only the second named storm of the year.  Any significant storm in the Gulf region has … Continue reading

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Forbes Markets Brief –

To get a quick overview of the markets take a look at the Markets Brief on Forbes.  It provides news and insights on domestic and global markets.  The report also provides valuable information on earnings reports and views from analysts … Continue reading

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Crude Oil Rises On Storm –

Crude Oil rose to almost $78 on light trading and the increaed possibility of a storm in the gulf.  The U.S. National Weather Center has identified a storm system that has a 40% chance of becoming a cyclone.  To read … Continue reading

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Crude Oil Rises –

Crude oil rose to almost $78 and hit a two week high.  Data indicated that inventory declined sharply last week and fell over 5 million barrels.  Analysts expected inventory to decline only 1.5 million barrels.  One reason for the decline was the … Continue reading

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Jim Rogers: Sell Bonds & Buy Metals –

Jim Rogers is saying to sell bonds and to buy precious metals.  Rogers predicted the commodities rally back in 1999 and is a frequent commentator on investment programs.  His advice includes buying rice or silver and he also thinks the gold … Continue reading

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Economic Concerns –

The market continued to decline on Thursday on concerns of an economic slowdown.  Stocks, commodities, and the Dollar all retreated on economic data.  A poor economic picture was painted by numbers from manufacturing, home sales, and jobless claims. To read a … Continue reading

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Venezuela Seizes Rigs –

Venezuela has seized 11 rigs owned by the American drilling company of Helmerich & Payne.  The drills have been shut for a year due to lack of payments from the Venezuelan state-run oil company PDVSA.  This is an aggressive move on … Continue reading

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Deepwater Drilling Ban –

The six month ban on deepwater drilling is coming under fire by oil companies.  Oil executives are quick to point out that a ban could be a step back for energy security.  Prices are also likely to increase if a … Continue reading

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Stocks Rally –

Economic reports from China, Japan, and Australia showed accelerating growth and that helped to send stocks higher.  Stocks, commodities and the Euro all rallied at the same time as Treasuries declined and gold fell.  The S & P 500 index … Continue reading

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Gulf Coast Bonds –

At least one analyst is suggesting to purchase gulf coast bonds when the pirces start to drop.  The oil leak will cause the surronding economies to take a hit and the bonds may follow in line.  One analyst believes that … Continue reading

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Inventory Build Is Irrelevant –

The inventory build in crude oil was irrelevant in trading today as crude rose over $2 for the July contract.  The inventory report from the Energy Information Administration indicated that supplies rose 2.4 million barrels.  Analysts had only expected a … Continue reading

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Crude & Dollar Correlation –

The correlation between the U.S. Dollar and Crude oil is at minus 0.94 and that is the lowest level in three months.  Some crude oil investors are looking for the safety of the U.S. Dollar and are moving their investment … Continue reading

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Crude Oil & Gasoline Fall –

The EIA released inventory numbers today that sent prices falling for Gasoline and Crude.  Crude Oil fell below $80 with reports of a build in supplies of 2.8 million barrels.   Analysts had only expected a rise of 1.54 million barrels … Continue reading

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Crude Inventory & Futures Gain –

Crude inventories rose more that 2 million barrels and that figure is more than double analyst expectations.  Nevertheless, Crude futures are still rising and some of the gains can be attributed to seasonal activity.  Refiners also increased capacity to 89% … Continue reading

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Oil Contango Soars –

The storage costs for oil are soaring and are currently at the highest level in nearly four months.  Inventories are at a near record high and the premium for future delivery is around the same cost as storage.  The rising … Continue reading

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