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Oilprice

Oil Price and financial crashes This chart shows the correlation between the oil price and the different financial crashes. During the melt up to a financial crash does the price of sky rocket and during the aftermath does the price crash. The oil price of today only matches the oil price of the Russian energy crisis and the Great Recession. Seen in this chart is a slight pull back onto further continuation upwards as the war in Ukraine continues does the oil price continue upwards. The supply chain crisis causes economies into a recession and this is also a reason to believe an increase in oil prices as oil is a stability.
TVC:USOILLong
by vf_investment
Oil Potential bearish continuation | 5th May 2022On the H4, with price expected to reverse off the stochastics indicator, we have a bearish bias that price will drop from our 1st resistance at 108.17 where the 61.8% Fibonacci retracement and swing high resistance is to our 1st support at 102.90 in line with the horizontal swing low support. Alternatively, price may break 1st resistance structure and head for 2nd resistance where the horizontal pullback resistance is. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
NYMEX:CL1!Short
by FXCM
1
🛢️ CRUDE OIL - New Rally Inbound? 💀Oil could be up for a new rally. Recession worries might cause questions for demand but inflation combined with War seem heavier and most likely to push the price higher again this year. In any case, we follow the chart: Support worked nicely the same way that resistance was calculated perfectly (check our previous ideas below). The price has exited the wedge and checked it as support.. We are Bullish here, again. One Love, the FXPROFESSOR
TVC:USOILLong
by FX_Professor
1
Will US Oil go higher? “West Texas Intermediate” (WTI) oil is another benchmark used by oil markets, representing oil produced in the U.S. It is based on oil at a large tank and pipeline hub in Cushing, Oklahoma. Like Brent oil, WTI is priced as a light oil, but it doesn't have the same global reach. OUR MISSION STATEMENT: Our goal is to help everyone find information and ideas about investing, asset ownership and wealth creation. We believe in a free exchange of ideas for investing, income generation, and wealth building. We boast an A-list of industry analysts, writers, and experts who contribute to our research. While we do not offer investment advice, We do provide our readers with a wealth of information from multiple sources to help them complete their due diligence. This forward-thinking approach allows us to deliver unique viewpoints and investment ideas to our readers... Viewpoints and ideas that you just won’t find anywhere else. Our readers count on us to deliver perspectives on the markets and the economy they won’t find in the mainstream media. Our publication was created to help our readers identify the best opportunities for building wealth... Our mission is simple – to provide the world with the latest ideas on investment trends and opportunities... There is always a bull market somewhere. As you know, making massive gains from investing is easier said than done. Like so many of our readers, you see the “investment experts” talking about their huge wins and successes… You see the “legendary” stock picks that got 1000% returns in one day, and “The One Device” that’s going to “change everything.” So, like some of our readers, you may have paid for those products… And then you may have received something that doesn’t fulfill the promises they made to you… Every investor in the world loses money sometimes. No matter how famous. No matter how successful… And if someone isn’t transparent with you about their losses, they’re basically not helping you learn from their mistakes. So if an “expert” isn’t willing to show you their losses… and therefore protect you from making the same mistakes they did… How and why are they going to help you? It’s common sense. We believe you should demand transparency when it comes to something as important as your investments.
TVC:USOIL
by UnknownUnicorn38289576
$USEG Next Target PTs 13-18 and higherU.S. Energy Corp., an independent energy company, focuses on the acquisition, exploration, and development of oil and natural gas properties in the continental United States. It holds interests in various oil and gas properties in the Williston Basin in North Dakota; the Permian Basin in New Mexico; and Texas. As of December 31, 2021, the company had an estimated proved reserves of 1,344,626 barrel of oil equivalent; oil and natural gas leases covered 89,846 gross acres and 5,757 net acres; and 146 gross producing wells. U.S. Energy Corp. was incorporated in 1966 and is based in Houston, Texas.
NASDAQ:USEGLong
by BADQOMOCAWGOWLD
1
Bearish News Is Mounting For Oil18 hours ago,I read:CHINA-Lockdown and I shorted immediately all my positions in crude,brent and WTI.In some I took the losses,other Break even or profits. The fact is :My decision was King.Our Jobs as Traers is to be flexible and adapt as soon as possible to the market circumtances.Sosometimes News catalysts like these help to decide immediately. Although our system tells us the oppositite:THE SYSTEM FOLLOWS THE MARKET PRICE ACTION. And price action are made by the smart money. Sofollowthe money.Be alwaysflexible and have an edge beide your trading system.Such as News catalyst. Oil prices remained fairly stable this week, with ICE Brent balancing slightly above the $100 per barrel mark. Fears of Russian supply disruptions were temporarily put on the back burner by the vast IEA-coordinated inventory release that greatly helped in flattening out the futures curves of all three key crude benchmarks. The extensions of COVID lockdowns in China, especially in Shanghai, have also helped the bearish cause, however it remains to be seen how long will it take for disruption fears to resurface again. IEA to Release 60 Million Barrels of Strategic Stocks. Above and beyond the US’ 180-million-barrel stock draw, IEA countries agreed to release 60 million barrels over the upcoming six months, with Japan taking a prime role amidst the relatively timid commitments of others, pledging to release 15 million barrels. EU to Ban Russian Coal, with Delay. According to media reports, the European Union’s approval of a ban on Russian coal imports would take full effect from mid-August, following internal lobbying from Germany to extend the deadline as far out as possible to allow usual buying in the four-month wind-down period. Chile Sues Mining Giants over Atacama Water Use. The government of Chile is suing mining majors BHP (NYSE:BHP) and Antofagasta (LON:ANTO) over alleged environmental damage caused by their operations in the Atacama desert, draining the area’s aquifer by increased exploitation. US EPA Denies 36 Refinery Biofuel Waivers. The US Environmental Protection Agency declined 36 exemption waivers coming from oil refiners for the 2018 compliance year, confirming a 2020 court decision that significantly narrowed the criteria on who could be eligible for blending exemptions. Canada Approves $12 Billion Bay du Nord Project. The Canadian government approved the $12 billion offshore Bay du Nord project that would be operated by Equinor (NYSE:EQNR), having found no adverse environmental effects, marking the country’s first deep-water project that took years to greenlight. Tight Oil Markets Are Sending Fuel Margins Through The Roof The oil price rally has really cooled down over the past two weeks, with oil prices declining to levels last seen prior to Russia's invasion of Ukraine. Brent oil (CO1:COM) prices fell ~2% Thursday to trade below $100/b, while the price for a barrel of Brent for June 2022 delivery has fallen from $127/b one month ago to $99/b today. Pandemic-related lockdowns in Shanghai, slowing U.S. oil demand growth, and a historic strategic petroleum reserve release have all contributed to the selloff. Interestingly, medium-term prices have hardly budged as near-term oil prices have fallen by over 20%, indicating a still-bullish longer-term outlook. That said, whereas it's crude markets that have been hogging the limelight, the most dramatic action in global oil markets has been happening in a more hidden corner of the market: distillate fuels. The price of diesel and jet fuel in Europe hit a record in early March amid unusually tight supplies. Both commodities have since pared some of their gains, but refiners are still making a killing. Indeed, in another sign of impending distillate fuel shortages, jet fuel traded at ~$320/b in New York on Monday ($7.61/g), a massive ~$200+ premium to crude feedstock prices. The jet fuel premium is currently ~10x larger than any premium seen in the past 30yrs. High Fuel Margins To Last There's a good chance that high fuel prices will ultimately lead to demand destruction. However, Goldman Sachs says distillate fuel demand is likely to remain strong and margins to remain high due to these factors: Diesel and jet fuel stocks are at historic lows, and seasonally-adjusted inventory draws are large and accelerating. Jet fuel consumption is poised to accelerate into summer with a return to international travel. High natural gas prices will lead to "gas-to-oil" switching in Europe and Asia. The Russia / Ukraine war will reduce distillate supply, as Russia exports ~900kb/d of diesel fuel and ~900kb/d of residual feedstocks, which are largely upgraded into diesel by European and Chinese refiners. Refinery operating costs are increasing, particularly in Europe. In fact, Goldman sees current record margins sustaining through at least year end. In the U.S., names like Par Pacific (NYSE:PARR), Valero Energy Corp. (NYSE:VLO), Marathon Petroleum Corp. (NYSE:MPC )and Phillips 66 (NYSE:PSX) stand to benefit from higher refining margins while in Europe, Saras (OTCPK:SAAFY) is most exposed. Meanwhile, during its Q1 earnings preview, Shell (NYSE:RDS.A) mentioned improving refining margins, with indicators nearly doubling quarter over quarter. Falling Russian Exports Another reason to be bullish about fuel margins: falling Russian exports. Russia is a key source of distillate fuel for Europe and the world. Shortly after the war began, BP Plc (NYSE:BP) and Shell (NYSE:RDS.A) stopped selling spot diesel in Germany. Last week, Argentina’s YPF Sociedad Anónima (NYSE:YPF) cited diesel "scarcity" in the seaborne market. Jet fuel margins in New York harbor rose to $200/b earlier in the week, a ten-fold increase from historic averages. Attempts to measure the impact of self sanctioning on Russian exports have seen mixed results, with some studies suggesting that exports have largely continued to flow unchanged while others say they could have declined by as much as 3.0mb/d. Thus far, the only measurable impact on exports has come from a terminal outage—a terminal that primarily carries Kazakhstani crude to market. So far, Russia's pivotal energy sector has been largely spared from sanctions. But damning evidence of serious war crimes coming from Ukraine suggests that Russia could very well face more severe sanctions, including a ban on its oil by European nations. Related: Oil Rises As Videos Emerge Of Attack On Saudi Oil Facility Since Russian forces withdrew from northern Ukraine, turning their assault on the south and east, grim images from the town of Bucha near Kyiv, including a mass grave and bound bodies of people shot at close range, have prompted international outrage. Commodity analysts at Standard Chartered estimate that a move towards explicit EU sanctions on Russian oil imports would keep Russian output below 8.5mb/d for several years, good for a 3mb/d decline compared to pre-invasion levels, and introduce further downside to already low expectations for Russian oil output. According to StanChart, the EU's most likely immediate measure--i.e., imposing sanctions on coal--will do little to placate member states and public opinion for a significant ratcheting up of the pressure on Russia. Further, EU sanctions on Russian oil and gas would send a strong signal that Russian oil is unlikely to regain its former market in Europe for an extended period, if ever. EU sanctions will also likely increase the pressure on key countries, and particularly India, not to increase their imports from Russia above pre-invasion levels; up to now, part of the pushback from other users of Russian oil has been that they could not be expected to refrain from extra purchases if EU governments were not explicitly limiting their own use. In other words, fuel margins might remain elevated for many months, if not years.
OANDA:BCOUSDShort
by DaveBrascoFX
1
OIL to 150?????Oil on the massive monthly picture looks like a falling wedge that can take us to 150 still. In the short term there's two ways you can look at it and they are both bullish. Either we are in a falling wedge that is going to take us to 118 at least. OR, what I think is most likely, we are in this symmetrical triangle consolidating to make our final move to 150. Both bullish cases imply negative consequences to the economy. Most likely another escalation in the economic war/ or military war with Russia is coming soon.
TVC:USOILLong
by BTC-HONDA
Historical oil movementLet's be practical. 4 times ONLY since 2008 projection of downside was above $50 of movement as a true possibility. 2008 2014 2018 2020 And now. Connecting weekly lows many times is underestimated by traders. Shoring USOIL from the weekly breakout down December 2019 allowed swing traders to enjoy tens of dollars of movement within a week to weeks. During July 2008, close to $100 down was a catch made by traders in just 8 weeks. Oil at current levels is overpriced and stretched. Currently, a weekly close below highlighted square area currently ongoing, would confirm very high probability of similar downside potential as the previous 4 times 2008, 2014, 2018 and 2020. A rising wedge pattern stretched over a year of movement, which is bearish, appears on chart. 2 horizontal levels of 38, 63 are realistic targets within weeks. Fundamental support to the simple technical idea shown is Joe Biden suggesting 1 Million barrels a day in supply. Major oil corporations also hold similar capabilities (Canada, Gulf area). Do your own research and make a calculated decision if you decide to trade the idea. Thank you.
TVC:USOILShort
by Exactus
UKOIL potential for a bounce! | 8th April 2022Prices are approaching a pivot . We see the potential for a bounce from our buy entry at 100.83 in line with 127.2% Fibonacci extension and 78.6% Fibonacci retracement towards our Take Profit at 109.49 in line with 127.2% Fibonacci Projection . RSI is at levels where bounces previously occurred. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
FX:UKOILSPOTLong
by FXCM