Slow Global Demand and Higher Inventory Bearish for Oil
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Oil drives the world.
US Oil Elliott Wave Technical Analysis - 12th March, 2013
Last analysis dated 5th March, 2013, expected to see oil move higher for the week which is exactly what it has done.
Now that there is some structure to analyse for this upwards movement I can calculate targets for it to end.
I still have just the one daily and one hourly wave count for oil.
Click on the charts below to enlarge.
The death of Venezuelan leader Hugo Chavez is a significant event for millions of people around the world, including Americans.
The Rising US Dollar - What It Means To The Economy And To Investors
Energy Stock Trading Alert ; Liard Basin Junior EFL OVERSEAS (OTCBB: EFLO) Trades up Following News of Acquisition
New York, NY , Point Roberts, WA (October 31, 2012) –Investorideas.com, a leader in sector research for independent investors issues an energy stock trading alert for EFL Overseas Inc. (OTCBB: EFLO) following last week’s news of its acquisition of additional rights and interests in the Liard basin gas field and facilities located in the Kotaneelee Area, Yukon Territory.
Energy Stock Trading Alert: FieldPoint Petroleum (NYSE:FPP) Reaches Day high of $5.21 on Well Update and 2012 Guidance
New York, New York –September 19, 2012 – (www.investorideas.com newswire, ) Investorideas.com staff: Investorideas.com, an investor research portal specializing in sector for independent investors issues a trading alert for oil and gas stock, FieldPoint Petroleum Corporation (NYSE/MKT:FPP) , trading as high as $5.21 on three times its regular volume on well news and 2012 guidance .
The U.S. trade deficit narrowed in May from April, helped by cheaper oil that lowered imports and an increase in American exports to Europe and China.
But economists cautioned that decline wasn't enough to alter weak growth forecasts for the April-June quarter.
The Commerce Department said Wednesday that the trade deficit fell 3.8 percent to $48.7 billion in May, down from $50.6 billion in April.
Exports rose 0.2 percent to $183.1 billion. The increase reflected stronger sales of telecommunications equipment and heavy machinery.
TSX Oil and Gas Stock Horn Petroleum (TSX.V: HRN) Gains over 13%
Oil and Gas Stock Alert: CREDO Petroleum (Nasdaq:CRED) Runs on Acquisition News
New York, NY- June 4 2012 (Investorideas.com Newswire) - Investorideas.com , a leader in sector stock research for independent investors issues an oil and gas stock trading alert for CREDO Petroleum Corporation (Nasdaq:CRED), an oil and gas exploration and production company with significant assets in the North Dakota Bakken and Three Forks, Kansas, Nebraska, the Texas Panhandle and Oklahoma. The stock is one of NASDAQ's top gainers in morning trading, gaining #3.46 or (31.86%) to trade at $14.32 as of 11:17AM EDT.