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Is Crude Oil Set for a Price Spike?

Posted by Oilprice.com on April 19th, 2010

Crude futures ended at their lowest point this month Friday, as investors fled riskier assets after regulators charged Goldman Sachs with fraud. West Texas Intermediate (WTI) crude for May delivery settled down at $83.24 a barrel on the New York Mercantile Exchange (NYMEX), the lowest settlement since March 30.

The Fundamentals of Crude Trading

Posted by Oilprice.com on April 1st, 2010

It would seem that the normal laws of supply and demand would be the foundation for establishing the current market price for commodities like crude; and to some extent this is the case. However, when speculative interests are taken into account, the picture becomes fuzzy.

When oil crossed $120 a barrel for the first time in May 2008, oil cornucopians knew they were in trouble. Prices had quadrupled in just five years, yet had failed to bring new production online. Regular crude had flatlined around 74 million barrels per day (mbpd). The case for peak oil was looking stronger with every new uptick in crude futures.

Rolling with Crude Oil

Posted by Know Your Options on February 1st, 2010

The recent multi-week selloff in equities has certainly not been an isolated event. We’ve also seen commodities taking it on the chin as well. Whether you want to blame the bearish move in crude oil on the resurgent dollar or as a sympathetic move to equities, the fact remains that oil has retraced approximately 50% of its run from the July lows of $58 to the January highs of $84.

Editor Adam Lass suggests Taipan Daily readers ride OPEC’s outrage for up to 70% gains.

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