The Oil Price Decline: No Conspiracy Theories Need Apply
Craig Pirrong - Seeking Alpha - Thu Jan 01, 9:31AM CST
2014 is in the books, and fittingly, the last day of the year saw a fall in the price of oil. The nearly 50 percent decline in oil prices from the end of June to today was the biggest commodities story of the year. This decline has spawned numerous...
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USO: 20.36 (+0.07), UCO: 10.37 (+0.09), SZO: 62.12 (+0.97), OLO: 8.30 (+0.05), DNO: 55.16 (-0.02), DBO: 15.70 (+0.05), DTO: 80.51 (-0.83), OIL: 12.54 (+0.04), UWTI: 4.89 (+0.03), BNO: 22.70 (+0.23), OLEM: 24.95 (-0.30), DWTI: 117.19 (-1.17), CRUD: 26.94 (-0.43), SCO: 76.52 (-0.58), USL: 26.82 (+0.19)
Estimating The "Fair Price" Of Oil
Hollywood Popcorn - at Seeking Alpha - Thu Jan 01, 8:22AM CST
USO: 20.36 (+0.07), UCO: 10.37 (+0.09), SZO: 62.12 (+0.97), OLO: 8.30 (+0.05), DNO: 55.16 (-0.02), DBO: 15.70 (+0.05), DTO: 80.51 (-0.83), OIL: 12.54 (+0.04), UWTI: 4.89 (+0.03), BNO: 22.70 (+0.23), OLEM: 24.95 (-0.30), DWTI: 117.19 (-1.17), CRUD: 26.94 (-0.43), SCO: 76.52 (-0.58), USL: 26.82 (+0.19)
Saudi Arabia's Half-Off Sale On Crude Oil
Kenneth D. Worth - at Seeking Alpha - Wed Dec 31, 11:17PM CST
USO: 20.36 (+0.07), UCO: 10.37 (+0.09), OLO: 8.30 (+0.05), OIH: 35.92 (-0.30), DTO: 80.51 (-0.83), BNO: 22.70 (+0.23), UWTI: 4.89 (+0.03), SCO: 76.52 (-0.58), SZO: 62.12 (+0.97), DNO: 55.16 (-0.02), DBO: 15.70 (+0.05), OIL: 12.54 (+0.04), OLEM: 24.95 (-0.30), DWTI: 117.19 (-1.17), XLE: 79.16 (-0.60), USL: 26.82 (+0.19)
One of the Biggest Market Drivers in 2015 Will Be Energy
at The Street - Wed Dec 31, 3:47PM CST
The commodity trade took center stage in 2014 and will remain in the spotlight for 2015, particularly crude, with the U.S. dollar moving higher and non-resolution of the supply glut.
USO: 20.36 (+0.07), OIH: 35.92 (-0.30), XOP: 47.86 (-0.09), BNO: 22.70 (+0.23), XLE: 79.16 (-0.60)
Crude oil bounces on inventory drop
Seeking Alpha - at Seeking Alpha - Wed Dec 31, 9:44AM CST
USO: 20.36 (+0.07), TWTI: 20.38 (-0.05), UCO: 10.37 (+0.09), OLO: 8.30 (+0.05), DTO: 80.51 (-0.83), BNO: 22.70 (+0.23), UWTI: 4.89 (+0.03), UGA: 34.15 (+0.52), SCO: 76.52 (-0.58), CRUD: 26.94 (-0.43), SZO: 62.12 (+0.97), DNO: 55.16 (-0.02), DBO: 15.70 (+0.05), OIL: 12.54 (+0.04), OLEM: 24.95 (-0.30), DWTI: 117.19 (-1.17), UHN: 21.58 (+0.03), USL: 26.82 (+0.19)
Argentina's Uncertain Energy Future
Global Risk Insights - Seeking Alpha - Wed Dec 31, 7:49AM CST
Despite natural resource potential and recent policy changes to encourage investment, Argentina faces challenges in the energy sector as global oil prices are low, investor confidence remains shaky, and neighboring countries offer a less risky...
DBE: 17.47 (+0.24), USO: 20.36 (+0.07), ARGT: 18.76 (-0.01), RGRE: 17.33 (-0.42), ONG: 26.11 (unch), YPF: 26.47 (-0.44), JJE: 10.17 (-0.33), UBN: 10.28 (+0.33), RJN: 3.99 (-0.02)
Falling Energy Costs And Economic Impacts
Lance Roberts - Seeking Alpha - Wed Dec 31, 7:28AM CST
If you repeat a falsehood long enough, it will eventually be accepted as fact. In the financial markets and economics, it is a common occurrence that the media and commentators will latch on to a statement that supports a cognitive bias and then...
USO: 20.36 (+0.07), UCO: 10.37 (+0.09), OIL: 12.54 (+0.04), BNO: 22.70 (+0.23), UGA: 34.15 (+0.52), SCO: 76.52 (-0.58)
The 2014 Commy Awards
Jeff Malec - Seeking Alpha - Wed Dec 31, 5:24AM CST
There's the Emmy Awards, the Webby's, the ESPY's, (why do they all end in y), but no commodity awards as far as we know… Let's see if we can do something about that, with the first (and perhaps last) edition of the Commy Awards: (All Charts...
JO: 30.48 (+0.68), OLO: 8.30 (+0.05), OUNZ: 11.81 (-0.16), BNO: 22.70 (+0.23), TFI: 24.16 (+0.06), USDU: 27.07 (+0.12), CAFE: 20.47 (+0.46), PVI: 24.96 (+0.01), SGOL: 115.85 (-1.58), RVNU: 25.95 (-0.10), DNO: 55.16 (-0.02), VRD: 29.95 (+0.10), PRB: 24.24 (-0.01), OIL: 12.54 (+0.04), AGG: 110.12 (+0.03), OLEM: 24.95 (-0.30), UDNT: 12.09 (+0.02), USO: 20.36 (+0.07), UCO: 10.37 (+0.09), DTO: 80.51 (-0.83), MUB: 110.34 (+0.18), UUPT: 26.79 (+0.31), XMPT: 26.13 (-0.05), UWTI: 4.89 (+0.03), SCO: 76.52 (-0.58), UUP: 23.97 (+0.08), FMB: 51.39 (-0.04), SZO: 62.12 (+0.97), DBO: 15.70 (+0.05), GLD: 113.58 (-1.62), CORN: 26.64 (-0.51), IAU: 11.44 (-0.16), UDN: 23.76 (-0.07), PZA: 25.41 (+0.07), AGOL: 118.09 (+2.35), FORX: 45.00 (-0.54), DWTI: 117.19 (-1.17), USL: 26.82 (+0.19)
Martin Armstrong Warns Oil To Retest $35-$31 Level
Jason Tillberg - at Seeking Alpha - Wed Dec 31, 3:53AM CST
USO: 20.36 (+0.07), UCO: 10.37 (+0.09), SZO: 62.12 (+0.97), OLO: 8.30 (+0.05), DNO: 55.16 (-0.02), DBO: 15.70 (+0.05), DTO: 80.51 (-0.83), OIL: 12.54 (+0.04), UWTI: 4.89 (+0.03), BNO: 22.70 (+0.23), OLEM: 24.95 (-0.30), DWTI: 117.19 (-1.17), SCO: 76.52 (-0.58), USL: 26.82 (+0.19)
Crude set for biggest fall since 2008
Seeking Alpha - at Seeking Alpha - Wed Dec 31, 3:10AM CST
USO: 20.36 (+0.07), TWTI: 20.38 (-0.05), UCO: 10.37 (+0.09), SZO: 62.12 (+0.97), OLO: 8.30 (+0.05), DNO: 55.16 (-0.02), DBO: 15.70 (+0.05), DTO: 80.51 (-0.83), OIL: 12.54 (+0.04), UWTI: 4.89 (+0.03), BNO: 22.70 (+0.23), OLEM: 24.95 (-0.30), DWTI: 117.19 (-1.17), CRUD: 26.94 (-0.43), SCO: 76.52 (-0.58), USL: 26.82 (+0.19)
Best Of 2014: Economics, Capital Flows And Innovation
CFA Institute Contributors - at Seeking Alpha - Tue Dec 30, 4:04PM CST
By Ron Rimkus, CFA Every year at this time, we reflect back on the events of the last 12 months and take inventory. This year (2014) will likely go down in history as a pivotal transition year. The status quo is shifting. We are leaving...
USO: 20.36 (+0.07), VGK: 52.41 (-0.39), SPY: 205.54 (-2.06), QQQ: 103.25 (-1.07), FXY: 81.21 (-0.20), OIL: 12.54 (+0.04), DIA: 177.88 (-1.58), RSX: 14.63 (-0.91), EWJ: 11.24 (-0.06)
Supply, Demand, And The Price Of Oil
Econbrowser - Seeking Alpha - Tue Dec 30, 2:39PM CST
Editor's note: This article was originally published on December 28, 2014, by James Hamilton here . A few weeks ago I offered some calculations suggesting that lower demand for oil might account for about $20/barrel of the dramatic decline...
USO: 20.36 (+0.07), UCO: 10.37 (+0.09), OIL: 12.54 (+0.04), BNO: 22.70 (+0.23), CRUD: 26.94 (-0.43), SCO: 76.52 (-0.58)
Epic Price Reversal For Commodities In 2014
Frank Holmes - Seeking Alpha - Tue Dec 30, 2:17PM CST
If you want to know what happened in 2014 with regard to gold and oil, it's important to appreciate the inverse relationship between the U.S. dollar and commodities. The following chart is a good place to start: (click to enlarge) Whereas...
GLDI: 11.97 (-0.16), PALL: 77.49 (-0.51), OLO: 8.30 (+0.05), OUNZ: 11.81 (-0.16), UGLD: 11.22 (-0.50), BNO: 22.70 (+0.23), GLDE: 12.56 (unch), GYEN: 13.12 (-0.14), SGOL: 115.85 (-1.58), GEUR: 12.41 (-0.15), DNO: 55.16 (-0.02), OIL: 12.54 (+0.04), PTM: 13.27 (-0.13), OLEM: 24.95 (-0.30), PGM: 25.90 (-0.46), UGL: 38.41 (-1.12), USO: 20.36 (+0.07), BARS: 47.25 (-1.58), TBAR: 25.03 (+0.02), UCO: 10.37 (+0.09), DTO: 80.51 (-0.83), DZZ: 7.56 (+0.20), UWTI: 4.89 (+0.03), DGL: 39.14 (-0.58), SCO: 76.52 (-0.58), PPLT: 117.05 (-0.85), DGP: 23.50 (-0.66), DGLD: 77.17 (+2.66), SZO: 62.12 (+0.97), UBG: 30.67 (-1.05), DGZ: 15.67 (+0.21), DBO: 15.70 (+0.05), GLD: 113.58 (-1.62), IAU: 11.44 (-0.16), GGBP: 11.50 (unch), BAR: 26.98 (-1.34), AGOL: 118.09 (+2.35), DWTI: 117.19 (-1.17), USL: 26.82 (+0.19), GLL: 100.22 (+2.28)
Peak What? Christmastime In Hell? Part 4
The Nattering Naybob - at Seeking Alpha - Tue Dec 30, 1:57PM CST
HK: 1.78 (+0.05), EXXI: 3.26 (-0.02), SLB: 85.41 (-1.03), SPY: 205.54 (-2.06), LNCO: 10.37 (+0.13), SCTY: 53.48 (-0.41), FXE: 119.14 (-0.53), BKF: 35.03 (+0.05), PSX: 71.70 (-1.22), EXC: 37.08 (-1.02), IEF: 105.99 (+0.12), EOX: 1.20 (+0.04), TPLM: 4.78 (-0.19), HNR: 1.81 (-0.11), CLB: 120.34 (-0.10), CPE: 5.45 (+0.08), IWM: 119.62 (-0.72), PDCE: 41.27 (-0.14), OAS: 16.54 (+0.23),
United States Oil Fund Down 45.6% Since SmarTrend Downtrend Call (USO)
Comtex SmarTrend(R) - Tue Dec 30, 9:42AM CST
SmarTrend identified a Downtrend for United States Oil Fund (AMEX:USO) on July 11th, 2014 at $37.35. In approximately 6 months, United States Oil Fund has returned 45.59% as of today's recent price of $20.32.
USO: 20.36 (+0.07)
Current Oil Price Decline May Set Stage For Price Spike And Global Recession
Zoltan Ban - at Seeking Alpha - Tue Dec 30, 7:30AM CST
USO: 20.36 (+0.07), OIL: 12.54 (+0.04)
Oil drops as supply glut weighs
Seeking Alpha - at Seeking Alpha - Tue Dec 30, 3:00AM CST
USO: 20.36 (+0.07), TWTI: 20.38 (-0.05), UCO: 10.37 (+0.09), SZO: 62.12 (+0.97), OLO: 8.30 (+0.05), DNO: 55.16 (-0.02), DBO: 15.70 (+0.05), DTO: 80.51 (-0.83), OIL: 12.54 (+0.04), UWTI: 4.89 (+0.03), BNO: 22.70 (+0.23), OLEM: 24.95 (-0.30), DWTI: 117.19 (-1.17), CRUD: 26.94 (-0.43), SCO: 76.52 (-0.58), USL: 26.82 (+0.19)
Civeo Blows Up: More Bad News For Texas
Josh Young - at Seeking Alpha - Tue Dec 30, 12:14AM CST
USO: 20.36 (+0.07), CVEO: 4.11 (+0.19)
Don't Just Follow The Money - Follow The Income
Charles Hugh Smith - at Seeking Alpha - Mon Dec 29, 5:13PM CST
Lies are no substitute for truth and fantasy is no substitute for reality. Follow the money is a good start--but what matters going forward is income, and most especially, net income and disposable income . Debt is important, money/capital...
USO: 20.36 (+0.07), OIL: 12.54 (+0.04)
Top ETF Stories Of 2014 Worth Watching In 2015
Zacks Funds - Seeking Alpha - Mon Dec 29, 4:37PM CST
The stock market across the globe has given mixed performances in 2014. While the Dow Jones Industrial Average crossed the 18,000 mark for the first time in mid December and the S&P 500 is on the verge of crossing the 2,100 level on the back of...
USO: 20.36 (+0.07), IEF: 105.99 (+0.12), RSXJ: 19.85 (-0.43), OIH: 35.92 (-0.30), XOP: 47.86 (-0.09), RBL: 14.36 (-0.83), FCG: 11.21 (-0.04), BNO: 22.70 (+0.23), SHY: 84.45 (-0.03), RSX: 14.63 (-0.91), ERUS: 11.47 (-0.73), TLT: 125.92 (+0.24)