Tag Archives | Petroleum

Offshore wind - global energy conference

Global Energy Conference Report

I wanted to send a special update regarding the Global Energy Conference I am attending here in Geneva. This is A yearly conference that brings all major players of Petroleum, Natural Gas, Electricity, Power and Renewables Industries together to discuss current challenges and opportunities. Obviously, the big question and discussion is where Crude Oil is […]

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Crude oil futures chart, January 15, 2014

Crude oil – Holding Support Lets Get Involved

Since putting in an interim top on 12/27 just below $101/barrel WTI futures have retraced losing almost $10/barrel. The first red horizontal line is seen on March futures near $91.50 and under that level support comes in at $90. It will take a settlement above the 8 day MA(orange line) for confirmation which I expect […]

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Brent WTI Crude oil Spread

Brent/WTI Crude oil Spread

Buying Brent and selling WTI Crude oil is what will be discussed today. In the September contract this spread is currently trading with Brent carrying a $2.65 premium. Just one week ago we were trading even money in this spread. Every $1 move equates to a $1,000 gain/loss. I’m operating under the influence that we […]

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Crude Oil Futures (Daily), July 16, 2013

Crude oil looking for a sharp correction soon

Energy: Higher trade was rejected in Crude oil with futures ending just below $106/barrel. I’m looking for a sharp $4-5 correction very soon. My favored way to play is long Brent and short WTI 1:1. As of this post that spreads in September picked up 30 cents today…a small victory. Trading near $2.50 I expect […]

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Crude Oil Approaching $100/Barrel…Not this Time

In the last 10 weeks Crude oil has added $12/barrel lifting prices as of this post to four month highs with August futures flirting with the $100/barrel level. Not that the fundamentals have mattered in the energy complex but Crude oil inventories are at the highest levels they’ve been in years. For the last 10 […]

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RBOB says: Fuel up your Vehicle

RBOB (gasoline) futures have come down a full 53 cents/gallon, or 33%, from the most recent February 19th peak. Clearly a contrarian play, I’m now willing to suggest that aggressive traders can wade into bullish plays. Recent selling pressure can be attributed to crude oil stockpiles, which are approaching 400.0M barrels. This puts oil inventories […]

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Risk is Back on Trade of Crude Oil

Crude oil had been a one-sided trade since the start of April until the last few days, falling $12/barrel high to low. Bolstered by sellers who have called the commodity bull market dead, oil got dragged lower and struggled to find its footing until recently. But wait… fast-forward to this week… not only has crude […]

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Weak Gasoline Demand Creates Headwinds for Petroleum

Petroleum prices have rebounded slightly but remain depressed near the bottom end of the current range.  The recent barrage of weaker than expected economic data and the realization that the US could become an oil exporter has placed pressure on crude oil prices, driving WTI down below 95 per barrel. Inventory from the Department of […]

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Crude oil finds an Interim Top?

Crude oil has gained $8/barrel in the last month, putting it just a few dollars shy of $100. My stance: the easy money has already been made in bullish trade. Prices moved quickly from oversold to overbought territory as Stochastics shows in the chart below. I think we’re in the process of establishing an interim […]

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