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Gartman Bullish Call Signals A Sell On Crude
Video By:
Ryan Mallory
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Friday, May 13, 2016 1:34 PM EDT
For those wondering when they should be taking profits on their oil trades, never fear, Dennis Gartman just went bullish on crude.
In this video: OIL
The Daily Shot And Data - May 13, 2016
Article By:
Sober Look
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Friday, May 13, 2016 11:00 AM EDT
Japan's April service sector sentiment fell to the weakest level since 2014.
All The Ships At Sea
Article By:
Marvin R Clark
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Friday, May 13, 2016 12:00 AM EDT
To get around the lack of storage space, some commodity trading companies are now storing oil in tankers at sea, just floating around, keeping their product from market until prices rise. At least 30% of Brent crude inventory is in offshore storage.
In this article: AGN, BA, BHI, DDS, HAL, JWN, MON, ODP, PFE, MMTOF, NSANF, LINE, AAPL, NVDA, SPLS, OIL, USO, GOOGL, SHAK
Here We Go Again With Oil Freeze Nonsense
Aramco: Don't Take The Bait
Article By:
Rodney Johnson
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Wednesday, May 11, 2016 10:19 AM EDT
To fund other ventures and expand their economy, Saudi Arabia plans to sell shares of the very oil company it is trying to de-emphasize. Don't fall for it. As originally posted on EconomyandMarkets.com
API Reports Another 3.5 Million Barrel Build In Oil Inventories
Video By:
EconMatters
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Wednesday, May 11, 2016 1:29 AM EDT
The EIA Report is on Wednesday, but under any interpretation of the API numbers the Bulls will still be waiting for their big Drawdown EIA Report.
The Secret To Predicting Oil Prices – And Cutting Through The “Expert” Hype
Article By:
Kent Moors
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Tuesday, May 10, 2016 4:37 PM EDT
Crude oil supply continues to outstrip demand, resulting in the single biggest restraint to rising prices. Now, the problem is not that oil demand is falling. Internationally, it’s rising, and this year will end with the highest daily demand levels.
Oil Jumps Despite Saudi Plans For "Significant Output Growth"; Kuwait Unveils Plans For Record Production Surge
Article By:
Tyler Durden
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Tuesday, May 10, 2016 2:40 PM EDT
A day after oil tumbled to the lowest level in weeks, it has once again started to climb...
Modern Elasticity And The Appearance Of Quasi-Money
Article By:
Jeffrey P. Snider
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Tuesday, May 10, 2016 2:10 PM EDT
It is a myth of the modern age, particularly post-1930’s, that the American banking system needed a central bank in order to perform the function of currency “elasticity.”
Is The Al-Naimi Exit A Saudi Oil Policy Shake-Up? Not Likely
Article By:
Ellen R. Wald, Ph.D.
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Tuesday, May 10, 2016 12:20 PM EDT
Veteran Saudi oil minister Ali al-Naimi would be stepping down from the position he has held since 1995, the oil market fears the untested youth and inexperience of the new minister Mohammad bin Salman.
Dow Jones Industrial Average Today Slips 34 Points As Oil Prices Plunge
Article By:
Money Morning
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Monday, May 9, 2016 9:32 PM EDT
A weekend surprise in Saudi Arabian energy policy and the ongoing containment of the wildfires in Canada pushed oil prices down, overshadowing a strong rally for biotech stocks on what was a relatively tame day for the markets.
Don’t Wait On Iran For An Oil Production Freeze
Article By:
Ellen R. Wald, Ph.D.
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Monday, May 9, 2016 12:41 PM EDT
An agreement to freeze production, even amongst the OPEC and non-OPEC producers who attended the April meeting in Doha, is not enough to really impact the global oil glut.
The Daily Shot And Data - May 9, 2016
Article By:
Sober Look
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Monday, May 9, 2016 9:10 AM EDT
Weaker than expected jobs report resulted in Barclays, Merrill Lynch, and others to revise forecasts for the number of Fed rate hikes in 2016. Most economists now expect only one hike in 2016 (in September) - down from two.
WTI Crude Jumps At Open, Nears $46
Article By:
Tyler Durden
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Sunday, May 8, 2016 10:33 PM EDT
It appears the Sunday night algos are currently positive on a new Saudi Oil Minister. June WTI crude has run Friday's highs stops and pushed up around 2.5% at the open on decent volume...