Category Archives: Oil

Oil

EIA Data Shows Gain –

Posted on 21. April 2010 by Jim Sutliff

EIA data released this morning showed a rise of 1.9 million barrels of crude oil.  An inventory rise of 300,000 barrels was expected from analysts.  Stockpiles of Gasoline rose 3.6 million barrels and a slight increase of only 100,000 barrels … Continue reading →

Posted in Gasoline, Investments, Oil, Options & Futures | Leave a comment

Oil Inventory Declines –

Posted on 14. April 2010 by Jim Sutliff

Inventory of crude oil declined 2.2 million barrels today which was a major difference from analysts expectations.  A Platts survey indicated that an increase of 1.6 million barrels would be in the released data.  The news sent crude over the … Continue reading →

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Job Report Makes Oil Surge –

Posted on 5. April 2010 by Jim Sutliff

A positive job report was released and this sent oil to almost $87 dollars a barrel.  Trading today marked the highest that oil has reached in the last 17 months.  Some analysts view the job report as a sign that … Continue reading →

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SandRidge Energy Acquires Arena –

Posted on 4. April 2010 by Jim Sutliff

SandRidge Energy acquired Arena Resources Inc. for $1.6 billion in cash and stock.  The move is an attempt by SandRidge to move away from Natural Gas and towards Oil.  Tom Ward, the SandRidge CEO, stated that drillers can make ten … Continue reading →

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Crude Falls On Supply Increase –

Posted on 24. March 2010 by Jim Sutliff

Crude Oil inventories showed a sharp increase rising 7.245 million barrels last week.  This far exceeded the 1.67 million barrel gain that was predicted by Platts.  The warmer weather and lower refinery utilization rates are part of the reason for the … Continue reading →

Posted in Gasoline, Investments, Oil, Options & Futures | Leave a comment

Crude Rises –

Posted on 17. March 2010 by Jim Sutliff

Crude oil rose in price as supplies increased less than analysts expected this week.  Important economic data is due out tomorrow and that may determine the trend for prices in the weeks ahead.  The consumer price index and the jobs … Continue reading →

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Crude Oil Inventory Soars –

Posted on 24. February 2010 by Jim Sutliff

According to EIA data, crude oil inventory soared 3 million barrels last week.  This exceeded expectations and may be an indicator of price adjustments in the near term. To read an article by CBS Marketwatch, please click here: http://www.marketwatch.com/story/crude-oil-stockpiles-surge-products-fall-eia-2010-02-24   … Continue reading →

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

U.A.E. Cuts Output –

Posted on 26. December 2009 by Jim Sutliff

The United Arab Emirates has agreed to cut output in order to comply with OPEC.  This action has temporarily pushed oil prices to the $40 dollar level.  The oil market may continue to see price declines in the near future … Continue reading →

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

Rig Counts Remain Steady –

Posted on 5. December 2009 by Jim Sutliff

Rig counts stayed relatively the same this week.  Oil rigs increased by 4 and natural gas was unchanged.  This brings the total rig count up to 1,134 in the U.S. To read a Wall Street Journal article, please click here: … Continue reading →

Posted in Natural Gas, Oil | Leave a comment

Weekly Energy Inventory Preview –

Posted on 2. December 2009 by Jim Sutliff

Futures Mag provides a preview of the weekly energy inventory report.  The analysis by Dominick Chirichella of the natural gas market seems to be on point. To read the article, please click here:   Weekly Energy Inventory Preview   Jim … Continue reading →

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Oil Prices Hurting Economy –

Posted on 20. November 2009 by Jim Sutliff

Fortune has an article on CNN Money that discusses high oil prices and the negative effect on the economy.  Oil prices at $80 are still too high for the current economic climate. To read the CNN Money article, please click … Continue reading →

Posted in Economic News, Gasoline, Investments, Oil | Leave a comment

Futures Mag –

Posted on 14. October 2009 by Jim Sutliff

An article on the coming natural gas weekly inventory report appears in Futures Mag.  It has a good take on the current situation and is worth a quick read.  Futures Mag also covers other topics that are important for traders. … Continue reading →

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

Interest Rates May Rise –

Posted on 6. October 2009 by Jim Sutliff

One official suggested that an interest rate increase could be in the near future.  This statement made the dollar rise in the market. To read a related article, please click here: http://www.bloomberg.com/apps/news?pid=20601087&sid=axGC7lXsYHpM James Sutliff

Posted in Banking, Bonds, Currency, General, Investments, Oil, Regulatory | Leave a comment

Crude Rebounds –

Posted on 8. September 2009 by Jim Sutliff

The drop in the strength of the dollar has helped crude oil move up more than it has in a month.  The increase may be short lived with some analysts predicting a slide in prices. To read a recent article, … Continue reading →

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

Crude Oil May Slide –

Posted on 5. September 2009 by Jim Sutliff

According to a Bloomberg article, crude oil may be set for a slide.  The prediction is that it could move back to $60 a barrel which is down from $75 in June.  Any slide could be for a short time … Continue reading →

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