Archive for February, 2008

Revising my prediction on a higher oil price, since I was right

Written by Michael Vass
Well it would seem that I am wrong and right. Both of which seem to be occurring sooner than I would have ever imagined. And the implications of this is going to have repercussions for quite some time.
With crude oil closing above $100 on Tuesday I am proven right in my expectation [...]

Potential factors to push crude oil over $100 a barrel

Written by Michael Vass
Crude oil prices have been on a seesaw of volatility, most notably since hitting $100 a barrel in January of this year. Since that time there have been recession fears in America, massive rate cuts by the Federal Reserve, horrendous losses by most financials due to the mortgage sub-prime loans, and drops [...]

Oil Prices Update

Read this:
When you have an increase in demand and increase in costs, conventional economics usually predicts a rapid rise in prices.

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Crude Oil Futures Close Lower After Supply Surprise

Oil futures closed lower today after the Energy Information Administration (EIA) surprised the markets with a report that inventories jumped by 7 million barrels last week. Analysts surveyed by Dow Jones were expecting an increase of 2.6 million barrels.

Light sweet crude for March delivery fell $1.27 to settle at $87.14 on the NYMEX on volume [...]

Crude Oil Prices Up On Economic Data

Light sweet crude oil for March delivery rose today after strong factory orders were released by the Government early in the trading day.
Despite today’s direction, the oil markets remain cautious because of the concerns regarding the U.S. economy.
Light, sweet crude for March delivery rose $1.06 to settle at $90.02 a barrel on the New York [...]