Crude Is Likely Heading Lower but Shorts Should Be ‘Cautious’
at The Street - Fri Jan 02, 3:57PM CST
Peter Amandio of Chicago Energies correctly called crude moving into the $50s in 2014. Today he tells TheStreet's Jill Malandrino to expect more pressure in 2015.
USO: 19.89 (-0.47), OIH: 35.96 (+0.04), XOP: 48.35 (+0.49), BNO: 22.02 (-0.68), XLE: 79.53 (+0.37)
Look for Shares of United States Oil Fund to Potentially Rebound after Yesterday's 2.31% Sell Off
Comtex SmarTrend(R) - Fri Jan 02, 3:45PM CST
United States Oil Fund (AMEX:USO) traded in a range yesterday that spanned from a low of $19.69 to a high of $20.35. Yesterday, the shares fell 2.3%, which took the trading range below the 3-day low of $19.84 on volume of 20.8 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
USO: 19.89 (-0.47)
Weekly ETF Gainers / Losers
Seeking Alpha - at Seeking Alpha - Fri Jan 02, 3:30PM CST
VNM: 18.99 (-0.23), USO: 19.89 (-0.47), GDXJ: 24.96 (+1.03), VXX: 30.99 (-0.52), UNG: 14.96 (+0.19), URA: 11.43 (+0.08), OIL: 12.21 (-0.33), BNO: 22.02 (-0.68), EPI: 22.33 (+0.28), GDX: 18.94 (+0.56)
How Many Rigs Have To Be Removed From The US Shale Oil Fields To Balance Supply And Demand In The Oil Market?
Hollywood Popcorn - at Seeking Alpha - Fri Jan 02, 1:49PM CST
USO: 19.89 (-0.47), UCO: 9.91 (-0.46), SZO: 62.30 (+0.18), OLO: 8.11 (-0.19), DNO: 56.28 (+1.12), DBO: 15.28 (-0.42), DTO: 83.88 (+3.37), OIL: 12.21 (-0.33), UWTI: 4.58 (-0.31), BNO: 22.02 (-0.68), OLEM: 24.79 (-0.16), DWTI: 125.45 (+8.26), SCO: 79.90 (+3.38), USL: 26.35 (-0.47)
Oil reverses early gains
Seeking Alpha - at Seeking Alpha - Fri Jan 02, 5:20AM CST
USO: 19.89 (-0.47), TWTI: 20.51 (+0.13), UCO: 9.91 (-0.46), SZO: 62.30 (+0.18), OLO: 8.11 (-0.19), DNO: 56.28 (+1.12), DBO: 15.28 (-0.42), DTO: 83.88 (+3.37), OIL: 12.21 (-0.33), UWTI: 4.58 (-0.31), BNO: 22.02 (-0.68), OLEM: 24.79 (-0.16), DWTI: 125.45 (+8.26), CRUD: 26.94 (-0.43), SCO: 79.90 (+3.38), USL: 26.35 (-0.47)
Peak Oil From The Demand Side: A Prophetic New Model
Ron Patterson - Seeking Alpha - Fri Jan 02, 4:11AM CST
This is a Guest post by Avery Morrow The most attention-grabbing attempts to predict oil futures have come from geologists and environmental activists, who tend to look solely at production. An overlooked doctoral thesis by Christophe McGlade, ...
USO: 19.89 (-0.47), UCO: 9.91 (-0.46), SZO: 62.30 (+0.18), OLO: 8.11 (-0.19), DNO: 56.28 (+1.12), DBO: 15.28 (-0.42), DTO: 83.88 (+3.37), OIL: 12.21 (-0.33), UWTI: 4.58 (-0.31), BNO: 22.02 (-0.68), OLEM: 24.79 (-0.16), DWTI: 125.45 (+8.26), CRUD: 26.94 (-0.43), SCO: 79.90 (+3.38), USL: 26.35 (-0.47)
5 Graphs For 2015: #4, The Price Of Oil Vs. GDP
Hale Stewart - Seeking Alpha - Fri Jan 02, 1:43AM CST
By New Deal democrat This is a continuation of my series of economic relationships I'll be paying particular attention to in 2015. Yesterday was #5: mortgage refinancing Relationship #4 is about whether a new, lower range of gas prices remains...
USO: 19.89 (-0.47), UCO: 9.91 (-0.46), SZO: 62.30 (+0.18), OLO: 8.11 (-0.19), DNO: 56.28 (+1.12), DBO: 15.28 (-0.42), DTO: 83.88 (+3.37), OIL: 12.21 (-0.33), UWTI: 4.58 (-0.31), BNO: 22.02 (-0.68), OLEM: 24.79 (-0.16), DWTI: 125.45 (+8.26), CRUD: 26.94 (-0.43), SCO: 79.90 (+3.38), USL: 26.35 (-0.47)
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...
1 Comment
USO: 19.89 (-0.47), UCO: 9.91 (-0.46), SZO: 62.30 (+0.18), OLO: 8.11 (-0.19), DNO: 56.28 (+1.12), DBO: 15.28 (-0.42), DTO: 83.88 (+3.37), OIL: 12.21 (-0.33), UWTI: 4.58 (-0.31), BNO: 22.02 (-0.68), OLEM: 24.79 (-0.16), DWTI: 125.45 (+8.26), CRUD: 26.94 (-0.43), SCO: 79.90 (+3.38), USL: 26.35 (-0.47)
Estimating The "Fair Price" Of Oil
Hollywood Popcorn - at Seeking Alpha - Thu Jan 01, 8:22AM CST
USO: 19.89 (-0.47), UCO: 9.91 (-0.46), SZO: 62.30 (+0.18), OLO: 8.11 (-0.19), DNO: 56.28 (+1.12), DBO: 15.28 (-0.42), DTO: 83.88 (+3.37), OIL: 12.21 (-0.33), UWTI: 4.58 (-0.31), BNO: 22.02 (-0.68), OLEM: 24.79 (-0.16), DWTI: 125.45 (+8.26), CRUD: 26.94 (-0.43), SCO: 79.90 (+3.38), USL: 26.35 (-0.47)
Saudi Arabia's Half-Off Sale On Crude Oil
Kenneth D. Worth - at Seeking Alpha - Wed Dec 31, 11:17PM CST
USO: 19.89 (-0.47), UCO: 9.91 (-0.46), OLO: 8.11 (-0.19), OIH: 35.96 (+0.04), DTO: 83.88 (+3.37), BNO: 22.02 (-0.68), UWTI: 4.58 (-0.31), SCO: 79.90 (+3.38), SZO: 62.30 (+0.18), DNO: 56.28 (+1.12), DBO: 15.28 (-0.42), OIL: 12.21 (-0.33), OLEM: 24.79 (-0.16), DWTI: 125.45 (+8.26), XLE: 79.53 (+0.37), USL: 26.35 (-0.47)
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: 19.89 (-0.47), OIH: 35.96 (+0.04), XOP: 48.35 (+0.49), BNO: 22.02 (-0.68), XLE: 79.53 (+0.37)
Crude oil bounces on inventory drop
Seeking Alpha - at Seeking Alpha - Wed Dec 31, 9:44AM CST
USO: 19.89 (-0.47), TWTI: 20.51 (+0.13), UCO: 9.91 (-0.46), OLO: 8.11 (-0.19), DTO: 83.88 (+3.37), BNO: 22.02 (-0.68), UWTI: 4.58 (-0.31), UGA: 33.22 (-0.93), SCO: 79.90 (+3.38), CRUD: 26.94 (-0.43), SZO: 62.30 (+0.18), DNO: 56.28 (+1.12), DBO: 15.28 (-0.42), OIL: 12.21 (-0.33), OLEM: 24.79 (-0.16), DWTI: 125.45 (+8.26), UHN: 21.23 (-0.35), USL: 26.35 (-0.47)
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: 16.93 (-0.54), USO: 19.89 (-0.47), ARGT: 18.59 (-0.17), RGRE: 17.33 (-0.42), ONG: 26.11 (unch), YPF: 26.11 (-0.36), JJE: 10.17 (unch), UBN: 10.28 (+0.33), RJN: 3.91 (-0.08)
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: 19.89 (-0.47), UCO: 9.91 (-0.46), OIL: 12.21 (-0.33), BNO: 22.02 (-0.68), UGA: 33.22 (-0.93), SCO: 79.90 (+3.38)
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: 29.09 (-1.39), OLO: 8.11 (-0.19), OUNZ: 11.84 (+0.03), BNO: 22.02 (-0.68), TFI: 24.18 (+0.02), USDU: 27.32 (+0.25), CAFE: 19.45 (-1.02), PVI: 24.96 (unch), SGOL: 116.32 (+0.47), RVNU: 26.21 (+0.26), DNO: 56.28 (+1.12), VRD: 29.95 (+0.10), PRB: 24.33 (+0.09), OIL: 12.21 (-0.33), AGG: 110.43 (+0.31), OLEM: 24.79 (-0.16), UDNT: 11.70 (-0.39), USO: 19.89 (-0.47), UCO: 9.91 (-0.46), DTO: 83.88 (+3.37), MUB: 110.06 (-0.28), UUPT: 27.56 (+0.77), XMPT: 26.29 (+0.16), UWTI: 4.58 (-0.31), SCO: 79.90 (+3.38), UUP: 24.20 (+0.23), FMB: 51.33 (-0.06), SZO: 62.30 (+0.18), DBO: 15.28 (-0.42), GLD: 114.08 (+0.50), CORN: 26.48 (-0.16), IAU: 11.50 (+0.06), UDN: 23.55 (-0.21), PZA: 25.48 (+0.07), AGOL: 118.09 (unch), FORX: 44.99 (-0.01), DWTI: 125.45 (+8.26), USL: 26.35 (-0.47)
Martin Armstrong Warns Oil To Retest $35-$31 Level
Jason Tillberg - at Seeking Alpha - Wed Dec 31, 3:53AM CST
USO: 19.89 (-0.47), UCO: 9.91 (-0.46), SZO: 62.30 (+0.18), OLO: 8.11 (-0.19), DNO: 56.28 (+1.12), DBO: 15.28 (-0.42), DTO: 83.88 (+3.37), OIL: 12.21 (-0.33), UWTI: 4.58 (-0.31), BNO: 22.02 (-0.68), OLEM: 24.79 (-0.16), DWTI: 125.45 (+8.26), SCO: 79.90 (+3.38), USL: 26.35 (-0.47)
Crude set for biggest fall since 2008
Seeking Alpha - at Seeking Alpha - Wed Dec 31, 3:10AM CST
USO: 19.89 (-0.47), TWTI: 20.51 (+0.13), UCO: 9.91 (-0.46), SZO: 62.30 (+0.18), OLO: 8.11 (-0.19), DNO: 56.28 (+1.12), DBO: 15.28 (-0.42), DTO: 83.88 (+3.37), OIL: 12.21 (-0.33), UWTI: 4.58 (-0.31), BNO: 22.02 (-0.68), OLEM: 24.79 (-0.16), DWTI: 125.45 (+8.26), CRUD: 26.94 (-0.43), SCO: 79.90 (+3.38), USL: 26.35 (-0.47)
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: 19.89 (-0.47), VGK: 52.14 (-0.27), SPY: 205.43 (-0.11), QQQ: 102.94 (-0.31), FXY: 80.72 (-0.49), OIL: 12.21 (-0.33), DIA: 177.94 (+0.06), RSX: 14.79 (+0.16), EWJ: 11.26 (+0.02)
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: 19.89 (-0.47), UCO: 9.91 (-0.46), OIL: 12.21 (-0.33), BNO: 22.02 (-0.68), CRUD: 26.94 (-0.43), SCO: 79.90 (+3.38)