Facebooktwittergoogle_pluslinkedinmail

OEF Rapid Review Articles

Technical analyst Clive P. Maund lists the reasons he believes oil prices, which recently peaked above $50 a barrel, are headed for a fall: “It still looks like oil is topping out here at about the $50 level after its substantial recovery uptrend from its February low. While we cannot be sure until it breaks down from its uptrend, the chances of its doing so soon look high for various reasons.”
SOURCE: streetwisereports.com
streetwisereports.com
LINK TO THE SOURCE ARTICLE:
https://www.streetwisereports.com/pub/na/16997

50OilWonweb11
LINK TO THE SOURCE ARTICLE:
https://www.streetwisereports.com/pub/na/16997

 

 

SHARE YOUR THOUGHT

comments

Related Post

Asian Fuel Margins Strong Despite Flood Of Products From China lweb.es/f1838 11.11.2016 One feature of crude oil and products pricing is the tug-of-war between long-term structural drivers and short-term factors, a scenario being played out in Asian fuel markets. Profit margins for both gasoline and diesel traded in Singapore have staged strong rallies in the past three months. The main factor behind this has been a tightening of the market, with seasonal maintenance at refineries across the region. This short-term factor has influenced pricing, and it appears to be outweighing the longer-term structural driver of steadily rising Chinese fuel exports.
Oil’s ​R​ecovery ​I​nches ​H​igher as ​F​raclog ​A​waits ​P​rice ​T​rigger lweb.es/f906 4.30.16 Oil’s rebound from the lowest level in more than 12 years may face an abrupt halt as prices near a level that could trigger a wave of new U.S. shale production. Futures in New York have advanced more than 60% since the February low and closed at $43.73 a barrel Friday 22nd March​, the highest in five months, nearing a $45-level IG Ltd. says makes some shale plays profitable. Drilled, uncompleted wells could return 500,000 barrels of oil per day back to the market, according to Richard Westerdale, a director at the U.S. State Department’s Bureau of Energy Resources. The inventory of wells is kn...
Diversified strategy needed to offset oil price swings lweb.es/f777 OEF REVIEW:Given the current circumstances, the impact of China on global markets should not be underestimated. As the world's largest oil importer, China is one of the countries that benefits the most from low oil prices. The decline in oil prices is generally good for China. But wild swings in oil prices, and a possible price rise in the future, could have a big negative impact on the country's economy. One of the strategies to offset the impact of wild fluctuations in oil prices is to increase the country's oil reserves.
Offshore Drilling Woes to Last Through 2017, Moody’s Says lweb.es/f539 "Drillers will increasingly contend with diminished backlogs,rig values,fleet sizes, and margins if oil prices do not bounce back to the $70-80/bbl range, which we believe could support an increase in shallow-water, deepwater, and ultra-deepwater drilling", says Moody's in an industry report.
Majors To Grow Output By A Combined 15% In Next Five Years 03/08/17 •lweb.es/f2711•bit.ly/2pfkt4O Five of the largest publicly traded oil companies - BP, Chevron, Exxon Mobil, Royal Dutch Shell, and Total - are trying to work down debts that totaled $297 billion at the end of December. "For the entire oil and gas industry, balance sheets have never been worse," said Fadel Gheit from Oppenheimer & Co. The industry is betting that prices will maintain a delicate balance - high enough to repair balance sheets and finance new projects, but not so high that it creates a new glut.