Crude Oil

Should we expect Israel to attack Iran this summer? The Drudge Report on Sunday linked to an article from The Times of Israel's Greg Tepper suggesting that the Israeli Air Force is "gearing up" for an attack on Iran. According to the article, journalist Alon Ben-David "had spent weeks with the...

By Peter Prudden If the WTI oil trade is higher from here, as analysts expect, it's likely we'll see stocks follow for the time being. Leading up to the events of this weekend, it's been all battle drums and posturing among the world's major oil producers and consumers. Over the past few days...

Hard to Short Crude Guest Post by: Geoffrey A. Smith  So, how many people are tired of seeing the price of crude around $100 a barrel?  I, for one, am tired of it, especially since I have two driving teenagers.  And every time it looks like it is going to finally fall, it bounces right back...

Societe Generale SA (OTC: SCGLY) lifted its 2012 price outlook for crude oil. Societe Generale raised its price view for European benchmark Brent by $10.00 to $110 per barrel. It now expects American Nymex crude to average $103 per barrel. Societe Generale shares fell 0.45% to close at $4.42...

By Ashim Midha Ever see a cash cow? Yeah, me neither. But if there ever were one that came close, it would be an oil refinery in the Midwest. Since the downfall of West Texas Intermediate (or WTI) as the world crude benchmark (and simultaneous tracking of Brent as the new benchmark), it's been an...

Crude oil prices erased earlier gains on Thursday after the ECB left the benchmark interest rates unchanged and announced more easing measures, while the BOE also left rates unchanged but surprised markets by announcing an expansion to the asset purchases program. Meanwhile, jobless claims were...

Daily Bars Prepared by Jamie Saettele, CMT Crude has staged a sharp reversal along with the rest of ‘risk'. The reversal idea is bolstered by RSI divergence on the daily and the fact that the decline from the May high consists of 2 equal waves. At minimum, a bounce is expected. The...

Daily Bars Prepared by Jamie Saettele, CMT Crude staged a sharp reversal along with the rest of ‘risk' yesterday. The reversal idea is bolstered by RSI divergence on the daily and the fact that the decline from the May high consists of 2 equal waves. At minimum, a bounce is expected. The...

We are fairly certain that we are supposed to concentrate more on providing answers than questions but from time to time we work up a chart comparison that makes us wonder how the future might unfold. We are going to start off today with just such a perspective. From 1998 into the period extending...

Crude oil prices set to follow the S&P 500 higher as supportive news out of the EU fosters an improvement in sentiment. Gold under pressure as Fed undercuts QE bets. Talking Points Crude Oil to Rise with S&P 500 Amid EU Bank Rescue Speculation Gold Back Under Pressure After Fed's...