Tag Archives: WTI

Oil Is At the Mercy of Financial Markets

Oil traders are still awaiting more definitive clues about the supply/demand balance, but volatility is likely to stick around for a while. In the short run, oil prices will likely follow global stock markets up or down on any given day until the fundamentals reveal a more discernable pattern. 

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The Oil Information Cartel Is (Finally) Broken

Since the age of oil began until a few months ago, most real time oil prices were jealously guarded by marketers, who used it to their advantage in the daily multi-billion dollar physical oil trade. But James Stafford has busted an oil industry information cartel that has existed for decades.

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Stop Blaming OPEC for Low Prices

U.S. production is now down by about 500,000 barrels per day since April. Oil prices will rise over the next year or so as U.S. shale is forced to cut back. That adjustment – high-cost suppliers forced out – is how markets are supposed to work.

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The Default Next Move for Oil is Downwards, And Here’s Why

As traders, investors and pundits, we all like to think that what we do is akin to a science. We believe that by working harder and being smarter we can give ourselves an edge, that enough research will reveal to us the next move, either a long term trend or an intraday blip on a chart, and that we can …

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Are US Drillers Actually Making A Comeback?

The US oil rig count has plummeted since October 2014, falling from 1,609 down to 668 as of May 8. If oil companies oscillate between cutting back and adding more rigs as the price of oil bobs above and below the $60 mark, they won’t exactly be raking in the profits.

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Saudi Arabia Continues to Turn Screws on U.S. Shale

As Saudi Arabia ramps up, U.S. shale is being forced to cut back. This story has been told many times over the past few months, but the data is finally confirming the success of Saudi Arabia's strategy, albeit a minor one thus far.

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Top 12 Media Myths On Oil Prices

One expert tries to remove 12 misconceptions about oil and gas industry which, he says, is not a black hole. There's no mystery wrapped in an enigma here.

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