Tag: crude oil inventories

Oil Is Breaking Out, How About Oil Company Stocks?

| April 19, 2018 | 0 Comments
Oil Is Breaking Out, How About Oil Company Stocks?

In late 2016, OPEC agreed to cut production in order to address an oversupplied oil market. Global crude oil inventories had reached record highs, and the price of oil had crashed. OPEC’s strategy is having the desired effect. Over the past year, despite strong U.S. shale production growth, global inventories have steadily declined. In response, […]

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Holding Oil Stocks? Read This…

| July 16, 2014 | 0 Comments
Holding Oil Stocks? Read This…

No doubt about it, it has been a downright ugly few weeks in the oil market. West Texas Intermediate (WTI) crude has plummeted from $107 a barrel all the way down to $100 as of last night’s close. Of course, the only thing sending WTI to $107 in the first place was the panic created […]

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Crude Oil: Tug Of War…

| April 23, 2014 | 0 Comments
Crude Oil: Tug Of War…

Crude bears came out of hibernation yesterday.  After brushing against 6-month highs at $105 a barrel last Friday, West Texas Intermediate (WTI) crude oil spiraled lower by nearly $2 a barrel on Tuesday.  What has this commodity careening lower? Investors are concerned US inventories are on the verge of swelling beyond seasonal norms.  In fact, […]

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