The recent rally in the price of oil has also resulted in a drop in the spread between Brent and WTI. Nonetheless, this spread is still up for the year and could start to pick up again if the price…
Is The Brent-WTI Spread About To Widen?
Tag: Oil Prices
Do Oil Rig Counts Matter?
In the past few weeks oil has demonstrated signs of recovery. This rally was driven, in part, by the adjustments in market expectations of a slowdown in the U.S. oil production as major oil producers have been cutting down their…
Oil Could Start to Pick Up in the Second Half of 2015
The oil market has seen a sharp rise in prices last week, but it still below $50 per barrel. The recent developments in the oil market could suggest high volatility in prices in the near term and a potential rally…
A Couple of Notes on Oil
In a recent article I wrote that the fall in oil prices have already started to impact US oil companies, which have started to reduce their capex and shut down rigs. I would also like to make two more points…
ECB QE rundown, SNBomb effect on brokers, surprise cut in Canada & Iranian oil – Market Movers #34
ECB QE is here and it’s big: we run down the event and the impact before circling back to the big hint we received for this one week before from the SNB, focusing on the impact on brokers. The moves are of course…
The good, bad and uncertain of BHP Billiton
The weakness in the oil market has taken its toll on shares of leading natural resources company BHP Billiton (BHP). This company’s stock downward spiral in recent months could continue as some analysts estimate oil prices could fall further to…
Oil Price Falls To A New Low
The ongoing weakness in oil market has also dragged down the price of United States Oil Fund (USO), which has fallen by 10% since the beginning of year. Is Saudi Arabia capable of further driving down the price of oil?…
USO Investors — Beware of The Contango!
The current low oil prices have raised the interest of some investors to go long on oil in the hopes that prices will eventually recover to their levels recorded in the past couple of years. For those who consider taking…
What Is Keeping Down Oil Prices?
The ongoing weakness in the oil market made me examine again the recent developments in the oil market. Some analysts suggest the growing U.S. production is the driving force behind the fall in oil prices. But I still think that…
The Oil Market Continues to Loosen
The price of oil tumbled down last week to the mid 60’s and remained at this level since then. OPEC’s decision to keep its quota unchanged has fueled this plunge in prices. But the main issue will also remain the…