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The Ghost of Crude Oil Futures (Part 1)
Most people have heard the phrase, “it takes a big man to admit when he’s wrong”.
Well, I’m about 5’9”, and I don’t believe that people should be exalted when they do something that they’re supposed to do. It doesn’t make you a big man, it makes you honest. You’re supposed to be honest.
I’m going to do something profound. Something most people should do, particularly those in a position or profession of dealing out commentary, suggestions, and advice – especially when there’s money involved.
I’m going to tell you I was wrong about something. And I’m going to do it without…
26Dec2008 | Oxbury Research | 0 comments | ContinuedOil Prices Climb on Speculation that OPEC and Russia will Cut Production
Speculation that oil prices are beginning to bottom helped push crude contracts higher yesterday (Wednesday), as traders closed out short positions and rumors surfaced that both Russia and the Organization of Petroleum Exporting Countries (OPEC) are planning to cut production next week.
Light, sweet crude for January delivery rose $1.45, or 3.4% to settle at $43.52 on the New York Mercantile Exchange, after climbing by as much as 7% earlier in the day. Futures have plunged roughly 70% since hitting a record-high $147.27 a barrel in July. However, they may be set for a rebound as traders close out short positions and production cuts…
11Dec2008 | Money Morning | 0 comments | ContinuedGet On the Other Side of the Pump
If there’s one thing I’m certain of, it’s that casino owners don’t have a soft spot for gambling addicts.
In the same vein, auto body shops don’t want you to drive safely and Norton and McAfee don’t give a crap who’s hacking into your computer (and are probably hoping it continues).
You shouldn’t feel bad either. In our free market economy, no one is stopping you from profiting from oil the same way the big boys do.
Currently, the price of a barrel resides right at $100. That’s a 32% discount from the high only two months ago. Admittedly, I didn’t even think…
12Sep2008 | Oxbury Research | Comments Off | Continued
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