Blog > Archive by tag 'crude oil prices'
There is nothing left that could keep gold from sliding further. Applying the oil-to-gold ratio, the gold investor’s favorite tool in a precious metals bull market, every dollar shed by crude oil translates into a loss of $7.50 per once of bullion.
by J. Christoph Amberger
Baltimore — (TFN): Emerging markets plummeted this morning. So did all [...]
Crude oil’s drop below $70 today not only spells trouble for commodities investors and funds, but for most oil-exporting countries!
by J. Christoph Amberger
Baltimore — (TFN): OPEC may be praying for a cold winter. Maybe it should prepare for one: Falling oil prices are now meeting up with the respective governments’ budget-grade, “conservative” price levels. With [...]
Oil below $70 means that there’s nothing in the way of further price declines… down to $50!
by J. Christoph Amberger
Baltimore — (TFN): Today, crude oil prices plunged below $70 a barrel. Oil has now lost more than 50% of its July record high.
Light, sweet crude for November delivery dropped as low as $69.15 a barrel [...]
Bad news on retail sales and economic growth spell the end for the commodities supercycle. Crude oil prices will break through $70 before the month is over.
by J. Christoph Amberger
Baltimore — (TFN): “What a craptastic day for the markets,” said TFN’s Andy Snyder after the U.S. markets had beaten the Crash of 1987, closing almost [...]
Libya is boycotting Switzerland over an offense to Qaddafi’s youngest son. And Libya’s refiner Tamoil won’t be selling anything to Switzerland any time soon. But with crude oil prices affordable again and oil consumption dropping, Libya is only hurting itself.
by Stephanie Grimmett
Baltimore — (TFN): You know you’re out of touch with reality when: [...]
Crude oil prices dipped into $80s, and it is possible that we could go all the way to the $60s.
MoneyNews
Baltimore — (TFN): Oil is trading in the high $80-range in the past few days after hitting $147 in July. How low could it go? Could be $75 a barrel if a global recession gets some [...]
"Gustav rolled right down the center of the alley. By rights, it should have been a strike. Gustav had the aim. Gustav followed the right track. But Gustav didn’t knock down any pins. Gustav went over, under, around and through some of the most densely packed drilling infrastructure on the planet. And Gustav caused very [...]
Tags: aircraft carrier, barrels, byron king, crude oil prices, dollar, electricity, gulf of mexico, gustav, harbors, hurricane, ike, infrastructure, Katrina, loop, louisiana, offshore, port fourchon, refineries, salt caverns, spr, strategic petroleum reserve, tanker, terminal, us minerals management service
Crude oil prices today dropped faster than even the Dow Jones Industrial Average. Watch another $20 per barrel slough off by Halloween!
by J. Christoph Amberger
Baltimore — (TFN): On Friday, I predicted that crude oil prices this week would be closing below $100 three days out of five. The new changed reality has me upgrading my [...]
When a major hurricane threatens the Gulf of Mexico and crude oil prices drop anyway, reality has caught up with the commodity boom!
by J. Christoph Amberger
Baltimore — (TFN): Texas, Alabama, Louisiana are battening down the hatches as Hurricane Ike is barrelling toward the coast… refineries are shuttering… and oil prices dipped beneath the $100 mark [...]
Crude oil prices are continuing to plummet — despite the usual Hurricane “fears” in the market. In fact, if it weren’t for inclement weather, Oil might just have dropped below $100 already…
by Angela Jameson, TimesOnline.com
Baltimore — (TFN): Oil prices have now been falling for two weeks consistently, despite a short-lived rally yesterday on the back [...]
“No matter what happens to oil prices in the near term, the long-term outlook is clear: Over the longer term, oil and gasoline prices are going to rise. Let’s face it - they have to…” — William Patalon, III
by William Patalon, III
Baltimore — (TFN): Analysts are trumpeting the recent drop in oil [...]
Tags: Commodities, crude oil prices, futures, investing in oil, lng stocks, money morning, natural gas, speculative stocks, tfn, us fuel demand, william patalon
"To say that trading energy stocks has been difficult in recent months is a major understatement. When you see that even an industry giant like Chesapeake Energy Corp. (NYSE: CHK) lost money in its hedging activities, you know that trading activity during that quarter was extremely wild." — Horatio Marquez
by [...]
Tags: cftc, Chesapeake Energy, chk, commodity, crude oil prices, futures, hedging, natural gas, speculative, stocks, Trading
"Of course, crude oil prices control more than just stocks. I don’t have to tell you what US$150 does to the overall economy and more specifically to your own personal wallet." — David Newman
by David Newman
Baltimore — (TFN): Let’s talk about oil and gas. Right now, you’ll be [...]
As Hurricane Gustav fizzled, commodities prices have plunged… if gold, crude oil, and copper are moving with the weather forecast, it’s time to head for the relative safe haven of stocks!
by J. Christoph Amberger
Baltimore — (TFN): “For now, based on our analysis, gold’s bull market remains in force,” wrote the Aden Sisters on August 27: [...]
On July 23, Laura Cadden recommended you “Load up on Tesoro Corporation (TSO:NYSE) while the gettin’s good”. The reasoning was straightforward: As crude oil cost declined, margins of U.S. refiners such as would expand again — and so would share prices. TSO closed at $16.67 that day. As of this afternoon’s trading range above $18.26, [...]
"China stockpiled too much gas and diesel before the Olympics. And now it doesn’t need to buy any for the next month or maybe more. Yep, kids, demand just crashed through the floor." — Stephanie Grimmett
by Stephanie Grimmett
Baltimore — (TFN): And just when you thought the reawakening of the Russian bear (think grizzly, [...]
"Financial stocks bottomed (for now) on that date - which makes sense. But the next part doesn’t make sense. Crude oil prices peaked on July 15. What does the U.S. government bailing out financial institutions have to do with the oil market?" — Rick Pendergraft
by Rick Pendergraft
Baltimore — (TFN): Over the last month, [...]
Crude oil prices have dropped below $115. Gold is down $130 in less than two weeks. For dollar bears and goldbugs, this is th time to exercise caution!
by J. Christoph Amberger
Baltimore — (TFN): “Bad news from the Baku-Tbilisi-Ceyhan pipeline - an installation that may not normally draw much of your attention,” writes Martin Vander Weyer [...]
Recent volatility in crude oil prices has exposed the dangers for investors with overweight commodities bubble portfolios. But lower prices are good news for U.S. refiners. We have our eye on one particular company. Click here to view…
Read more
Standard Podcast: Play Now | Play in Popup | Download
Tags: amberger, crude oil prices, financial news, HOC, Holly, oil price, refinery stocks, SUN, Sunoco, US refiners, Valero, VLO
Baltimore — (TFN): After investing in high-tech stocks and real estate loans for years, legions of speculators have now discovered commodities like oil and gas, wheat and rice. Their billions are pushing prices up to astronomical levels — with serious consequences for ordinary people’s quality of life and the global economy.
Rising economies like China, India, [...]