5 Reasons Why Oil Prices Are On The Move Again

After a sluggish start to the week, likely due to the Columbus Day holiday in the United States, oil prices are moving again.

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How Hurricane Harvey Has Impacted Gas Prices

Hurricane Harvey has triggered a unique phenomenon in the U.S. oil and gas industry. Since the devastating flooding in South Texas and Louisiana has disrupted far more crude oil refining capacity in the region than production capacity, the net result…

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4 Converging Factors That Could Cause an Oil Supply Shock

Four years ago, in the five months between November 2013 and March 2014, the price of coffee nearly doubled. A confluence of factors converged in those months, the most prominent being a drought in Brazil. Something similar may be about…

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Here’s Why The Oil Squeeze Will End on August 17th According to Morgan Stanley

Following his bearish note last week, Morgan Stanley’s oil analyst Adam Longson is out with a new report, in which he accurately explains that the recent oil-price jump is driven by traders covering bearish bets, even as market fundamentals are…

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Why Is The Price of Oil Crashing Really Bad News For The U.S. Economy

This wasn’t supposed to happen.  The price of oil was supposed to start going back up, and this would have brought much needed relief to economically-depressed areas of North America that are heavily dependent on the energy industry.  Instead, the…

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Why Goldman Is No Longer Buying The Oil Bounce

One month ago there was some confusion when Goldman released a report in which it cut its 2017 oil price forecast due to expectations of slower market rebalancing, while at the same time boosting it near-term crude price projections due…

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Is Oil Close To A Tradeable Bottom?

Consider this chart of the gold-oil ratio. By all accounts, the world is awash with oil: production remains high while demand is softening along with the global economy. This has led many observers to forecast further declines in oil from the…

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The Most Important Question About ISIS That Nobody Is Asking

The question of how the Islamic State funds its sprawling caliphate has been discussed in the past: we first broke down the primary driver of ISIS revenue well over a year ago, in September 2014, when we explained that “ISIS…

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My No. 1 Oil Trade to Make Today

Energy bulls are rejoicing over the recent rally in oil prices, but crude is still more than 50% off its highs. The rout has taken a major toll on most energy companies’ profits. Earnings for the sector are expected to…

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Is This Company The Next Lehman?

Are we about to witness the most important global financial event since the collapse of Lehman Brothers in 2008?  Glencore has been known as the largest commodities trading company on the entire planet, and at one time it was ranked…

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