All Posts Tagged With: "oil prices"

Crude Oil Prices: Are “Oily Characters” Behind the Move?

My last column on crude oil prices certainly generated a number of “interesting” responses.

If you recall, I mentioned that crude oil’s pullback from a high of more than $147 a barrel in early July was long overdue. With demand decreasing and…

22Aug2008 | Investment U | 0 comments | Continued

Gold and Oil Prices

Correcting Gold and Oil

What’s going on with gold and oil?

Here’s what we know. Prices for both gold and oil were moving upward for most of the spring and well into summer. Then prices hit a peak. Gold touched $980 per…

21Aug2008 | Whiskey and Gunpowder | 0 comments | Continued

Oil Exploration — A Lot of Looking, Not Much Finding

I discussed the short-term weakness in oil prices. Let’s discuss the long term. Oil is headed back up, for all the familiar reasons.

Really, it’s not like anyone is finding new large oil deposits out in exploration land. Indeed, a whole…

20Aug2008 | Energy and Oil | 0 comments | Continued

The price of almost everything on the planet has been rising. And so has the inevitable talk of a commodities bubble and price manipulation. The discussion has become front and center in global markets around the world as…

5Aug2008 | Whiskey and Gunpowder | 0 comments | Continued

Where Is Oil Headed?

The Price of Oil

Oil made two runs toward $150 recently, and failed both times. Now oil is in a retreat. Oil was trading near $121 earlier this week. And it appears that support at that price is crumbling. This will…

1Aug2008 | Energy and Oil | 0 comments | Continued

Crude Hits Another Record High Above $140

The benchmark crude oil rose 57 cents to settle at a record-high $140.21 a barrel on the New York Mercantile Exchange Friday, after a sell-off on Wall Street left the Dow Jones Industrial Average in bear territory.

After plummeting 358 points on Thursday,…

30Jun2008 | Money Morning | 0 comments | Continued

Don’t Mention the Dollar

Last week, amid a stream of bearish economic news, the chairman of the Federal Reserve, Ben Bernanke, asserted his priority on price stability and uttered the word “dollar,” as if turning a new leaf.

He did that to get your attention.

Fed…

20Jun2008 | Whiskey and Gunpowder | 0 comments | Continued

Energy Q&A Part I: Peak Oil and Oil Price Spikes

Q: “I saw you on Fox Business News. You said that you think the price of oil is too high and will come down. You have been a long-time ‘Peak Oil’ guy. So why do you think that oil prices…

19Jun2008 | Energy and Oil | 0 comments | Continued

Saudi Arabia’s Promise to Open the Oil Spigot is Nothing But Spin

First it called for a meeting of oil producers and oil consumers.

Now Saudi Arabia has proposed a boost in oil production.

At the end of the day, however, neither of these moves will have any real impact on the ongoing escalation in oil…

17Jun2008 | Money Morning | 0 comments | Continued

Turning Off the Taps

You don’t have to have an awful lot of gray hair to remember the excitement around England’s massive North Sea oil fields. While discovered in 1969, it wasn’t until well into the 1980s, on the back of surging oil prices,…

12Jun2008 | Whiskey and Gunpowder | 0 comments | Continued

Special Report: Six Ways to Profit From the One-Two Punch of Soaring Oil Prices and Zooming Inflation

Oil prices have resumed their northward climb. And inflation has returned to the American lexicon for the first time in decades.

For U.S. consumers, there’s no way to dodge the financial fallout of that economic one-two punch.

But for U.S investors willing…

9Jun2008 | Money Morning | 0 comments | Continued

Oil “Bulls” its Way Above $139 on its Way to a New Record as the U.S. Dollar Resumes its Descent

Crude oil for July delivery traded at an all-time high of $139.12 a barrel on the New York Mercantile Exchange today (Friday), after the U.S. dollar nosedived on speculation that the European Central Bank would raise its key lending rate…

7Jun2008 | Money Morning | 0 comments | Continued

Saudi Arabia Agrees to Increase Oil Output After Crude Hits Another New High

Oil soared to yet another record high on Friday after Goldman Sachs Group Inc. (GS) raised its price forecast for the second half of the year. However, during a visit with Saudi Arabia’s King Abdullah U.S. President George W. Bush…

19May2008 | Money Morning | 0 comments | Continued

Soaring Oil and Gasoline Prices Worry Cost Conscious U.S. Consumers

The effects of soaring oil prices are finally trickling down to the pump and consumers are feeling the pinch.

On Friday, oil futures hit a new record of over $126 per barrel. Prices jumped 7.4% last week, with crude oil for…

12May2008 | Money Morning | 0 comments | Continued

Dollar Reversal: Prepare for oil and gold prices to drop this week!

Net shorts on a decline in the euro came in at 21,315 on April 29 — compared with net longs of 18,907 a week earlier, according to the Commodity Futures Trading Commission (CFTC). Currency strategists now expect the dollar reversal…

5May2008 | J. Christoph Amberger | 0 comments | Continued