In September I wrote a blog post here about the price of crude oil and how it was falling and yet the price of fuel at the pump was not dropping. Since then I have recieved over 200 emails from readers who have all voiced their opinion in this matter and I think they all [...]
Dibuja el selectivo una cuña alcista con techo en los entornos de 9.500 puntos. No se producirá una debacle la próxima semana, pero debe salir al alza hacia los 10.000 puntos o la figura se ratificará en pocas sesiones.No podemos pronosticar lo que nos depara el año próximo pero desde luego con el "caldo de cultivo que tenemos al fuego" el panorama no es halagüeño. Espero por el bien de la
Prices rise more than 3% as traders anticipate modest energy demand due to auto bailoutAfter slipping yesterday, crude prices went higher once again on Wednesday, 10 December, 2008. Prices rose after energy department's weekly inventory report showed that crude supplies rose less than expected in the last week. Crude also rose on anticipation that Washington's bailout plan foe the three biggies wi
One of the beneficiaries of lower crude oil prices has been airlines companies, as evidenced by the $XAL Airline Index. Let’s take a look at these developments and what’s happening to the Airline Index right now.
$XAL Airline Index Weekly:
The index is currently testing against overhead resistance via the flattening 50 week EMA, but there’s a [...]
We’ve witnessed absolute destruction in the price of crude oil and in other commodities in such a short period of time. However, the situation might be changing and aggressive speculators might find a significant low-risk opportunity should crude oil find support at the well-established level of $40 per barrel. Let’s see this and how it [...]
By IZWAN IDRISPETALING JAYA: Crude oil price dropped to a three-year low to under US$48 per barrel during Asian trading hours yesterday on fears worldwide demand for fuel will be crimped by worsening global economic outlook and falling equity prices.At yesterday’s low, the New York light sweet crude benchmark was down by almost US$100 from its peak of US$147.27 hit on July 11. The sharp decline
January 2007 witnessed the beginning of Crude Oil Bull rally. The rally started from the Low of 50.31 $ to a all time high of 147.22 $ in the Month of June 2008. Since the high Crude oil fell sharply and within span of four months, Crude oil is trading around 55 $ . Very much near to the last years low. So will the Crude Oil form some kind of bottom ?Crude Oil has breached the Trendline 1 ( refer
Oil companies plan to store millions of barrels of crude at sea as they wait for demand to pick up and prices to rise.So far oil companies have booked ships capable of holding up to 10 million barrels, brokers have said, more than the daily output of top exporter Saudi Arabia.On Thursday U.S. oil trader Koch and Royal Dutch Shellwere the latest to confirm bookings of additional Very Large Crude Ca
Hindustan Petroleum Corp Ltd has received the first consignment of crude oil from Reliance Industries' eastern offshore Krishna Godavari basin D6 block. A ship carrying 59,000 tonnes of oil from the MA-1 field in predominantly gas-rich D6 block in the Krishna Godavari basin in the Bay of Bengal, reached HPCL's Vizag refinery in Andhra Pradesh yesterday evening, top company officials said.Relia
Prices close more than 6% lower for the weekBogged down by weak economic data, crude prices ended lower on Friday, 14 November, 2008. Crude prices fell as investors continued to mull over the demand for energy in the coming months. For the week, crude registered substantial drop.On Friday, crude-oil futures for light sweet crude for December delivery closed at $57.04/barrel (lower by $1.2 or 2.1%)
The NYMEX WTI Crude Oil contract forecast remains bearish, as crude oil remains firmly within its downward trend channel through recent trade. Though a bounce off of the bottom of said trend channel could lead to very short-term strength, the medium term trend in oil prices remains firmly to the downside. Our long-term forecast chart shows that more meaningful support comes in near the 50.00 mark&
NYMEX Crude Oil May Weaken on Financial Instability Crude Oil (WTI) $57.00 -$1.24 -2.13% The NYMEX WTI Crude Oil finished marginally lower on the day, as a sharp drop in the US Dow Jones Industrials Average led to similar losses in oil prices. Crude oil prices have recently bounced sharply off of recent lows, but the contract may face stiff resistance at the psychologica
It’s rather ambitious to tackle all three topics in one blog post, but Adam Hewison released a brief video and commentray this morning that I wanted to share with you. Hewison addresses the Dollar trend, makes a projection using the NASDAQ market, then reviews the current trend and projection for Crude Oil.
Entitled “Dollar, Stocks, Crude: [...]
By: Level13
Around 4 months ago, crude oil price was at about USD140 per barrel. Fast forward to the last weekend, after a slew of bad news and poor earnings outlook hit the market, crude oil is only trading at about USD62 per barrel. After witnessing a drop of 55% in crude oil price, I have [...]
I'm sure as a trader you've heard the expression, the "trend is your friend."
That was never more true than today as crude oil (NYMEX_CL) crashed to new lows and the stock market resumed its downward trend.
Today we are focusing on crude oil and the reason why it fell to new lows.
We're also going to be looking at all of the "Trade Triangle" signals that we have received on crude oil since last
Crude Oil Falls a Second Day as U.S. Fuel Consumption Slows
By Christian Schmollinger
Crude oil fell for a second day, extending yesterday’s more than 7 percent loss, on signs of slowing fuel demand after an U.S. Energy Department report showed an unexpected increase in gasoline inventories.
Gasoline supplies in the world’s largest energy user rose 1.12 million [...]
With the help of two graphs available below, people can find the live prices of crude oil and Gold. Crude oil and gold prices do put major influence on global financial matters; therefore, it is always better option to put eye on their prices. Live Crude oil priceLive Gold Price
So where is crude oil going next? After the surge towards $150 earlier this year, it has now fallen to around $60 a barrel.
And following OPEC's recent decision to only cut production by 1.5 million barrels a day, it seems the price of crude will remain weak in the short term.
The deflationary forces in the global economy, following the financial crisis which spread from the US across the globe,
As you know oil prices have been falling precipitously over the past few months which is why I think it's a good idea to post the above chart to help put things into perspective.
Above is a monthly bar chart of crude oil going back to 1998 which is when this bull market began. The low of $10.35 was made in December 1998 and rallied to a high of $147.90 made in July of 2008. That's a rally of
OPEC agreed to cut oil production for the first time in almost two years to arrest a steep fall in oil prices. Oil ministers of the 13 OPEC nations made their decision at a meeting today at the group's Vienna headquarters. The following table lists the agreed production cuts announced today by OPEC's member states. The figures are in barrels a day.The Organization of Petroleum Exporting Countries
Crude oil fell back to the level of 70 U.S. dollars a barrel Tuesday as the dollar rallied against major currencies.
Light, sweet crude for November delivery dropped to 69.77 dollars a barrel before edging up to settle at 70.89 dollars a barrel, trading down 3.36 dollars, on the New York Mercantile [...]
Crude oil jumped more then $2 Monday, as investors anticipate that OPEC will cut oil output in order to bring oil prices back to normal levels. Oil prices have dropped nearly 50 percent since July on economic concerns. Deutsche Bank AG recently lowered its 2009 crude-oil estimates to $60 a barrel citing the possibility of a global economic recession.
David Callaway points out that oil’s failure to reach $200 a barrel — it is now sitting in the low 70s after collapsing from $145 — is suggestive that the current economic gloom will not reach apocalyptic proportions. There is a good probability that Callaway is right – in the short term.
Powerful individuals at [...]
Sofia, her dreams and victory over crude reality.Early childhood of Sofia spent in fight against poverty:Born on 24th September, 1934, in Rome, Sofia Lorraine brought new aspirations for her mother Romilda Wilany, although her father Ricardo Siklon was not happy with her birth. From birth itself she had fought against poverty. Due to consumption of certain medicines her mother could not even produ
Hantu Laut
Have we reached 'peak oil'? Would the world's industrial output come to a grinding halt when we ran out of fossil fuel.
Peak oil is not about absolute depletion of crude oil and the world running out of it.It is a theory of whether oil extraction have reached its peak and in terminal decline as featured in the 'Hubbart Curve'.
Below is Hubbart's theoretical chart
Click to read:
Fresh oil was extracted from an offshore Galoc oilfield in southwestern Philippines at the start of production on Thursday, senior officials said, adding the new oil field has been a miracle for the Philippine economy."We are expecting some 17,000 to 20,000 barrels of oil per day in the first 90 days of commercial production. This will account for about six per cent of daily local demand of 300,00
Crude oil prices jumped $25 at one point Monday, ending the day up by 16 percent.
This is an unwelcome development for home buyers because the same market forces that pushed up oil prices had a similar impact on mortgage rates.
It all comes down to the U.S. dollar.
Because both crude oil and mortgage-backed bonds are denominated in dollars, the fate of both instruments has been closely tied to the
Crude oil prices jumped $25 at one point Monday, ending the day up by 16 percent.
This is an unwelcome development for home buyers because the same market forces that pushed up oil prices had a similar impact on mortgage rates.
It all comes down to the U.S. dollar.
Because both crude oil and mortgage-backed bonds are denominated in dollars, the fate of both instruments has been closely tied to the
I hate it when I am right. Apparently while most of us were cheering for the continued drop in oil prices, here we are again back to square one. The price of crude oil once again hit the $120 per...
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The titanic global recession and anxiety about the government's failure to quickly fix the credit crisis pushed the price of oil up higher than it has been for...
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Crude : $108/Barrel If crude is able to trade above 111.77 where the 200day Moving average comes exactly. Then the following targets are possible $118, $125 with is the fibonnaciretracements of 50% and 60% respectively taken between the recent high $147 and themost recent low $90 as shown in the picture Check our past view here. -technicals-for-week.htmlSource:
www.marketcalls.org
Oil is trading sharply higher this morning, partly because of oil pipeline and delivery disruptions. Platts reported that crude oil flows through the BTC...
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Crude : $104.45/Barell - News: Oil jumps above $104 a barrel on US bailout plan Oil prices shot up more than $6 a barrel Friday, breaking back into $100 territory as a sweeping government plan to rescue the imperiled U.S. financial system emboldened investors to re-enter the markets.Crude has climbed over $13 in the past three days as US the government carries out a historic interven
One of the most naturally plentifully available elements in the world, sulphur has been mined, refined and used for centuries together sulphur can be bright or dark in color, but is always free of selenium, tellurium, and arsenic. It can be used to make insecticides, fungicides, and bleaches, and its refined form is used in the production of vulcanized rubber, acne treatments, cellophane, and gunp
"How did the earth get destroyed?" " A big rock hit it"...LAME!The world didn't end if you haven't noticed and I don't know about you but I'm totally pissed! What do we have to do to destroy the world? I mean creating a black hole is about as far as you can go towards bringing the earth to its knees like a cheap hooker (Hi Sasha, we still on for Friday?) without dropping a couple of hundred nukes!
Crude : $100.78/barellWe may see range bound behaviour between $100-110 as crude is highly oversold bounceback will be expected level and hard support seen at $100. Any break below $100 will lead to a target of $86Updated ViewRetracement in crude is about to get over.Crude All time High = 147All time Low = 48Diff = 147-48 = 9950% retracement = 147-49.5=$97.561.8% retracement = 147-61=$86 Retraceme
Press Trust Of India / New DelhiGlobal rating agency Fitch today said it expects oil prices to remain in the range of USD 50- 100 per barrel despite fall in prices in the last few weeks. "Companies whose margins are under threat from high crude oil and gas prices need to be prepared for crude oil prices to remain in the range of $50-100/barrel," Fitch said in a report. Crude oil contract fo
Crude oil has corrected from $147 to $103 to date, a correction of about 30%. While markets across the world are breathing a sigh of relief at the fall in crude prices, the OPEC is not necessarily excited about these developments.One of the major factors contributing to this decline is fall in consumption. An economic slowdown is weighing heavy on the Americans, who are cutting back on their fuel
The surprising announcement of a 520,000 barrels per day (bpd) production cut for 40 days by OPEC embers led to a sharp reversal in crude oil prices which had dropped to a 10-month low as $98.89 overnight and traded above $103 again.The cut brings production back in line with a 28.8 million bpd limit oil exporters had set a year earlier. OPEC ministers said the cut was aimed to reduce a current ov
For the First Time Trying to Interpret Commodities Charts and Starting withWTIC - Light Crude WTI Crude : CMP : 106.23 EOD Charts Crude Broken the Major Support 200MA $111/Barrel and currenlty at oversold levels and the downside resistance coming near $100 as shownInferece From Weekly Charts Weekly Charts signals supports at $100 Few Bounce backs may expected as crude is heavily oversold at this
The Indian stock market is back to its normal bullish run again after a prolonged dull run. The BSE Sensex gained 551 points to close at 15049.86 on Monday, single largest gain in a day since July 23rd, 2008 when the index surged 838 points. The index has been hovering around 14000 mark for long [...]
Bloomberg has latest story about falling crude oil prices and stronger dollar: Crude Oil Falls on Minimal U.S. Storm Damage, Stronger Dollar Crude oil fell for a fourth day as Hurricane Gustav caused minimal damage to refineries and rigs in the Gulf of Mexico and a strengthening dollar curbed the appeal of commodities as an inflation hedge......The dollar's gain is also prompting funds to low
On the August 19th, crude palm oil futures (FCPO) made a low of RM 2351 which is quite close to my target of RM2300 - 2330. Looking at the chart again, I saw why the FCPO bounced from the low…
On the August 19th, crude palm oil futures (FCPO) made a low of RM 2351 which is quite close to my target of RM2300 - 2330. Looking at the chart again, I saw why the FCPO bounced from the low…
The Dollar surged on Friday, recovering from the previous day's losses, as gloomy British growth data backed views of a slowing global economy and raised prospects of interest rate cuts outside the United States. A sharp drop in US crude oil prices to below $115 per barrel and comments by influential investor Warren Buffett that he has no bets against the Dollar also added to the US currency's upw
We need representation; we the peoples' interests are not being fulfilled.
We the people, have showed are interest and support on the issue of switching to renewable energy; I do not want to wait however many days until Bush's Last Day(find the time more we need to endure on the graphic below post) to start the renewable energy revolution. Granted, it will take many years to gain independence
Legend has it that the Olympics are supposed to bring people from diverse races, nationalities, and cultures together so that greater understanding and appreciation can be achieved to the overall betterment of humanity.
After US Government gave out the oil inventories which unexpectedly declined and gasoline stockpiles fell , Crude Oil went up by 3 dollar a barrel .This will have the Oil stock go up today like cairn energy , reliance petroleum and much more .
How much is 1 barrel in Liter ?
1 barrel = 117.347765 liters
addthis_url [...]
Oil prices are rallying on the Crude Inventories report from the Energy Department for the week ending 08/09. The report which was just released at 10:35 AM EST, showed that crude inventories dropped by 316,00 barrels. Forecasters were expecting an increase of 300,000 barrels.
Prior to the report’s release, oil prices were in positive territory, but only up about $.50 cents. [...]
Crude Oil has been falling rapidly over the past few weeks and is now testing a significant trendline on the weekly chart. It will be interesting to see if this support line can hold. I personally would love to see oil prices collapse even further so that I won't get heartburn anymore every time I visit the gas station!
Contrahour has a very simple chart up showing the technical weakness crude is exhibiting. The chart implies that a re-test of the $100 is imminent. Notice how on the most recent test of $120 that oil is not springing off support as it should. Instead, it is lingering about, suggesting it wants to trade even lower. In early June, when hitting the same support level, buyers rushed in and crude s
Late yesterday afternoon, a bankruptcy court in Delaware has approved SemGroup LP's Chapter 11 filing. One of the company's subsidiaries, SemGroup Energy...
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CRUDE OIL
Crude at lowest levels in six weeks
Prices drop as Dolly surpasses Gulf area
Crude-oil touched a six-week low today, Tuesday, 22 July, 2008 on forecasts that the tropical storm, Dolly,...
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Where is crude oil heading next?
Yesterday NYMEX light, sweet crude fell to $125.63 a barrel, a drop of over $20 from its $147 high set on 11 July.
The fall in US energy demand is partly responsible for this price drop. Relief that the hurricane in the Gulf of Mexico has not affected oil facilities may also be a factor in the price fall.
Only about 5 of US oil and gas production facilities had
Viet Nam has made a first price offer for term supplies of its flagship Bach Ho crude at a record-high premium of $9.05 a barrel to Minas quotes, up $2.52 from the current price as supplies fall, traders said on Monday.
The offer applies to supplies to be lifted between October 2008 and March 2009.
Potential buyers submitted first bids a week ago at premiums of between $6.00 and $6.30 a barrel
Global stock markets which are falling due to continuous rise in crude oil prices suddenly find some breathing space. Crude oil prices fell by 7% in the last 2 days due to fears of decrease in demand due to slowdown in American economy. US Banking stocks saw the sharpest rally ever in the last 16 years. Global markets are rising due to this unexpected sharp correction in global crude prices. But i
Crude is falling off of a cliff today. Check out this intraday chart of the crude.I'm not surprised that the sell-off stopped at $136. That's the magic number in crude as far as I'm concerned. If $136 is broken, as defined with a print at $134, then I think the crude rally is over for the time being. That would be good for stocks!
The reality of what you are asking for, when you demand the UK govt do something about the price of oil, by Johann Hari in the Independent.
When you cry for cheaper oil, do you know what you are really asking for? Gordon Brown has just shown us. He has unwittingly exposed the pipeline that runs [...]
I just wanted to post this chart of crude oil because I find it interesting on a technical basis.
Notice how perfectly crude oil is trading within its channel bouncing from low to high but always remaining within the channel lines. It will be interesting to see what happens when these line are broken.
Notice also how oil is making a low approximately every 5 weeks. It appears as though we're
Technorati Tags: news,malaysia,usa,america,oil news,crude oil prices news
Good morning Malaysia! How are you this morning?
Allow me to spoil your fine morning with some bad news coming straight from America. I know you Malaysians only want to hear sensational stories and rumors about Abdullah Ahmad Badawi and Najib but this is much more important since it might indicate that we are going to
Airlines operators in India would continue to incur losses even if there is a significant fall in crude oil prices, if they do not undertake a revenue augmentation exercise in conjunction with cost-cutting measures and efficiency improvement initiatives soon, a leading research firm warned today. "The sharp increase in crude oil prices in the first half of 2008 has led to a corresponding rise
Crude oil is off by about $10 a barrel in the last few days, which has many market watchers -- and drivers -- jumping for joy. But I'm not entirely convinced that the crude bull market has ended."The sharpest corrections always occur within the context of a bull market."I'm reminded of the old trader axiom above when I look at the 6 month chart of crude.There have been many sharp correct
From Blobal Stock Market BlogLast week crude oil traded up to yet another record high price above $145 a barrel. Black gold is living up to its nickname, having jumped more than 72% over the past 12-months alone – and up a stunning 631% since the end of 2001!There’s been much speculation of late about whether or not oil prices are in a “bubble” that’s destined to burst just like China la
Crude has gone past USD 145 per barrel mark and rate hike is expected from European market. Experts feels, if the USD 147 per barrel level is broken, then crude is slated to touch USD 156.85 in next three months, which point there would be a very sharp correction. Correction can take crude to level [...]
Let's see. Hmmm. Tis time to give a Smith Wigglesworth performance, doth numbers in the crowd may drop otherwise.Please pray for this man healing. Jesus still heals and delivers today. God has never stopped performing miracles. You do not have to pay for it, and you certainly do not need an "impartation" straight from Hell.
Of DOW JONES NEWSWIRES
BRUSSELS (Dow Jones)–A rate hike by the U.S. Federal Reserve will lower crude
prices as financial speculators quit the commodity in favor of alternative
assets, according to the secretary general of OPEC, with the producer group
unlikely to fret if prices fall back to levels that reflect the fundamentals of
oil - conceivably below $100 a [...]
What are the major types of crude oil? Crude oil is classified as 'sweet' and 'sour', depending upon its sulphur content. Sweet crude has less than 0.5 per cent sulphur content whereas sour crude has more than 0.5 per cent. Sour crude oils are cheaper than the sweeter variety. They are more complex and expensive to refine. Some of the well-known varieties of crude oil are Brent (sweet), Dub
The real reason for the spike in crude is 'FED Printing press which is printing dollars' since there are more number of dollars printed hence a drop in value of a dollar which makes the asset denominated in dollars cheaper. And in turn to maintain the real value of the asset (in demand) denominated in dollars the asset price moves up. Since Crude was considerably less priced , yah because while th
Crude oil prices have surged to a record on further short term supply concerns.
In New York NYMEX light crude has touched $141.71, while in London Brent crude surged to $141.98 per barrel.
Added to the ongoing Middle East tension between Israel and Iran is the violence in Nigeria and now the Libyan announcement that it may cut its crude oil output.
All these factors are adding uncertainty and w
The Saudi Oil Conference in Jeddah between producers, consumers, and energy ministers looked for solutions to high oil prices. Saudi Arabia will increase crude production capacity
A look at crude oil consumption in the global economy and the future challenges for this key commodity, including use of oil sands to meet growing demand
From The Australian BusinessTHE world's most powerful oil producer, Saudi Arabia, and the most important consumer, China, have both lined up to try to tackle surging oil prices that are threatening global growth, in a dual effort that could crimp demand and boost supply.Their efforts, and the oil market's reaction next week, will play a big part in determining the strength of oil's run to above $U
US Governement designated the polar bear as an endangered species, last month.Now the Fish and Wildlife Service (FWS) stands accused of giving oil companies a "blank cheque to harass polar bears".
Theseven oil companies that paid $2.6 billion in February for the rights to look for oil in the Chukchi Sea, off the coast of Alaska. Some 2000 polar bears live in the region - a significant ch
KUALA LUMPUR: Stock prices on Bursa Malaysia closed broadly lower on Tuesday on very low volume, as investors continued to exercise caution in the wake of rising fuel costs, inflationary pressures and the impact on the broader economy. External concerns remain uncertain, with Wall Street and crude oil exhibiting high levels of volatility in recent days as investors react to the prospect of higher
Hey guys we have to do a campaign about the alternatives energies, as you know the oil price is always climbing to new highs. So we have to promote more the alternatives energies sources such as solar, wind and wave. Today I hit to excellent post at ac-investor.blogspot.com, this post has some interesting questions and its author answer to all of them with intelligence. So, if you have curiosity
Since 2006 that we are seeing the price of crude moving dramatically up, with many people pointing the movement as a consequence of the demand, but is this really truth? Of course not, the demand is one of the reasons but there are other reasons well structured that are making this commodity fly so high, the speculation behind some funds, banks and other financial groups. Did you know that the who
Crude oil declined for a third day amid concerns that slower economic growth will curb consumption of oil products.
Oil has retreated more than $7 from yesterday's record of $139.89 a barrel. German investor confidence dropped to the lowest in more than 15 years in June as surging inflation hit...
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Today, the news papers are with fire, to inform the people that the crude oil prices are toucing $140 barrel. The loss of the weight of dollars against Euro, is said to be the reason for the stoppable indrese of the prices.
My E-Mini Crude (QM) SWING Chart above...
The failed breakout last night from a triangle chart pattern clearly killed both the Bulls, & the Bears. Protective Stops (long & short) would have been triggered by the breakout, and as well as the subsequent failure. Truly, it was the market's way of wiping out all parties in sight!
Technorati Tags: malaysiakini,malaysiatoday,malaysia today,malaysia,crude oil prices news
Watch out, Malaysians!
Things will go from bad to worst for everybody if the crude oil prices break the US140 barrier. I don’t think it will take long to do that. It could be this week or next week. It is...
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Technorati Tags: malaysiakini,malaysiatoday,malaysia today,malaysia,crude oil prices news
Watch out, Malaysians!
Things will go from bad to worst for everybody if the crude oil prices break the US140 barrier. I don’t think it will take long to do that. It could be this week or next week. It is inevitable!
See, I told you silly Malaysians so many times on this blog. It is pointless to
