Tag: oil prices

An OPEC Deal Extension Isn’t As Simple As It Sounds

March 24, 2017 | By | 1 Reply More
An OPEC Deal Extension Isn’t As Simple As It Sounds

It’s been six months now that oil prices have been reacting to OPEC, first to the possibility of an agreement, and then to the production cut deal itself, forged by OPEC to rebalance the market. The deal–initially aired as ‘an agreement to agree on a deal’ in September and signed at the end of November—will […]

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Oil Price Frenzy: Big Opportunity Or Sucker’s Bet?

December 7, 2016 | By | Reply More
Oil Price Frenzy: Big Opportunity Or Sucker’s Bet?

Wall Street is giddy over the latest oil price bounce, but you should be leery. The energy market has played Lucy-with-the-football before. Crude oil surged last Wednesday after the Organization of Petroleum Exporting Countries (OPEC) reached an agreement to curtail production by 1.2 million barrels a day. OPEC currently produces 33.6 million barrels a day, […]

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OPEC Oil Prices Hit Energy ETFs

December 14, 2015 | By | Reply More
OPEC Oil Prices Hit Energy ETFs

Recently, the members of Organization of Petroleum Exporting Countries (OPEC) met.  They decided to continue pumping oil at a record pace and let OPEC oil prices fall as the supply glut widens. The immediate reaction to the decision had a negative impact on oil prices.  The price of a barrel of WTIC crude oil plunged […]

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Crude Oil: How Low Will It Go?

November 1, 2013 | By | Reply More
Crude Oil:  How Low Will It Go?

Crude bears are quickly coming out of hibernation… As energy investors are fully aware, bulls have been in control of oil prices for most of the summer.  Multiple Middle East uncertainties pumped a massive fear premium into the crude market starting in early July.  The essential commodity shot to $112 a barrel when Chicken Little […]

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Are You Ready For This Crude Possibility?

July 20, 2012 | By | Reply More
Are You Ready For This Crude Possibility?

Oil’s back on the move again… After plunging from $106 a barrel down to $78 in May and June, the lifeblood of global commerce is finding its footing.  In fact, oil’s back up to $93… a solid 18% advance from the late June lows. Take a look… No matter how you slice it, that’s a […]

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Will Oil Spike To $150?

November 11, 2011 | By | Reply More
Will Oil Spike To $150?

Highly uncertain European economic news is turning the US stock market into an absolute roller coaster. Case in point, the Dow spent the past two weeks trading as high as 12,272 and as low as 11,650.  That’s an ultra-volatile 5% short-term trading range that’s making for a wild ride in just about every stock out […]

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NAT GAS Act Needs Your Support

May 31, 2011 | By | Reply More
NAT GAS Act Needs Your Support

Memorial Day weekend kicked off the summer driving season. It’s the time of year when families pile into their cars for a road trip.  I joined in on the action with a 1,000 mile round trip to LEGOLAND California. It was a great weekend getaway.  But I’m afraid rising gas prices could eventually put an […]

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Oil Prices: The Falling Dollar Is Boosting The Price At The Pump

May 4, 2011 | By | Reply More
Oil Prices:  The Falling Dollar Is Boosting The Price At The Pump

Like most Americans, I make frequent trips to the gas station. In fact, I just filled up my gas tank this morning.  And after watching the price spin higher on the gas register, my head started to hurt.  Maybe it was gas fumes, but it was more likely the sticker shock of the final bill. […]

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Oil Markets: Should The US Tap The SPR?

March 9, 2011 | By | Reply More
Oil Markets:  Should The US Tap The SPR?

I sat at my desk sipping a cup of freshly made coffee this morning when I got to thinking about the energy markets. Why did my coffee remind me of the energy markets? It’s probably because this particular mug of coffee tastes like crude oil.  As a matter of fact, I imagine it tastes a […]

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Oil Prices: Is There Another Reason For The Surge?

March 2, 2011 | By | Reply More
Oil Prices:  Is There Another Reason For The Surge?

The past month has been a roller coaster ride for oil prices. Political unrest in North Africa has investors sitting on the edge of their seats.  First it was Egypt and the overthrow of Hosni Mubarak.  It was just under a month ago that protests and uncertainty in the country sent oil prices skyward. Now […]

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