Two Charts That Say Everything You Need to Know About Oil

posted in: crude oil, EIA, Energy | 0

US crude inventories are at record highs and production is at the highest levels in several decades. Meanwhile, refinery outages (both planned and unplanned) are helping to put a crimp in near term demand – from Bloomberg Briefs: This market … Continued

Energy & Gold Weekend Linkfest

Lots of quality material to read over this weekend: Peter L. Brandt: The NYSE Composite is forming a near textbook continuation H&S pattern, get ready for a big upside move in US equities. Barron’s: “Regardless of the reason, if banks aren’t … Continued

Energy & Gold Evening Linfest

Investors stay on gold as the ECB implements QE CNBC: Investor Icahn predicts Oil will go lower Reformedbroker: World’s most reluctant stimulus package gets underway   Oilprice.com: Even with possible future sanctions Schlumberger looks to make large acquisition of about half of Eurasia Drilling Co … Continued

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