The Annotated Crude Oil Crash
An interesting timeline of the 2014-2015 Brent crude oil crash via Bloomberg Briefs:
Energy and Gold’s Evening Must Reads
posted in: crude oil, Currencies, Economics, Energy, Gold, Gold Stocks, Junior mining, Linkfest, oil stocks, OPEC, Saudi Arabia, TSX-V |
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Bears come out to play as Gold, Silver, Platinum and Gas among other commodities get mauled MarketWatch: Gold post biggest drop in the past 14 months!!! Mining.com: Potash Corp profit rips 77% on record sales CNNMoney: Obama’s Boom Town… check that, Obama’s … Continued
Two Charts That Say Everything You Need to Know About Oil
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 Must Reads
Bloomberg: Oil baron Hamm shares outlook on spending and Oil production CEO: Zinc is facing a substantial supply deficit, InZinc may be in prime position Oilprice.com: Gangs, Guns and Crooked Cops threaten Mexico’s energy future development more than the Price of Oil… MarketWatch: US market … Continued
Crude Stages Reversal Post-Weekly EIA Report
Front month crude futures briefly touched $44.52/barrel following the weekly oil inventories report from the EIA which contained the following sentence: “At 406.7 million barrels, U.S. crude oil inventories are at the highest level for this time of year in at … Continued
Energy & Gold Evening Must Reads
A wild day in the equity markets and some early signs of a bottom in crude. Here’s what we are reading this evening… Marketwatch: He called $50 oil, now he says it’s going lower….although he also agrees that $60-$70 is … Continued
6 Positive Signs for Crude Oil
There are some constructive signs mounting in crude oil: Demand has clearly picked up in the US as drivers enjoy sub-$2 gasoline prices in many parts of the country Sentiment on crude oil is the worst its been in a … Continued
Hedge Funds Pile on Bearish Oil Bets
During the week ending January 20th hedge funds increased short positions in WTI crude oil futures to the highest levels since September 2010: There is an interesting dynamic developing in the crude market: Inventory builds are expected to be huge … 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
Eye Opening Energy Charts
There was a boom in oil & gas Capex during the past couple of years, particularly in the shale oil drilling space: With the recent crash in the oil price this boom has turned into a bust and there is … Continued