Halliburton (HAL) lifted by oil futures surge

Halliburton (HAL) lifted by oil futures surge Posted Jun 6th 2008 1:57PM by Brent Archer Filed under: Analyst reports, Good news, Industry, ... are trading are trading higher today, after a Morgan Stanley analyst's prediction that oil could hit $150 a barrel in the next month sent oil futures soaring. If you think that the stock won't fall by too [more...]

Date: 2008-06-06 13:57:00

Blog posts (334) | Videos (22)
 

Green Ink: Oil?s Future Is Pricey

paper Crude oil futures inched above $65 after earlier declines, boosted by rising stock markets, Bloomberg reports ... social unrest. Lower oil prices are self-correcting. Just look at the 2013 futures price, says the WSJ— ... . But dismal economic data out of the U.S. and Asia has some analysts forecasting $55 oil. China [more...]

Date: 2008-11-04 14:19:44

"Futures Prices Determine Physical Oil Prices"

It's gratifying when someone takes on a topic I had wanted to address and does a better job than I could have ... that trading in oil futures can't really influence the price of physical oil because it doesn't ... of futures trading. Even better, they should be required to explain in detail how it is that investors [more...]

Date: 2008-07-04 02:09:30

When You Are Wrong It's Best Just To Take Your Medicine

Well, when I am wrong, I am usually way wrong. So, gloat away: A quiet data revision that has boosted by nearly 25% the number of oil futures contracts ... oil futures and options as of July 15—compared with just over 38% under the previous classification [more...]

Date: 2008-08-08 10:32:50

Permanent Link to 365. Speculation in crude oil futures markets

365. Speculation in crude oil futures markets When George Bush was inaugurated on January 20, 2001 the NYMEX near futures crude oil contract was $32.19/bbl (see also item 308). On September 10 ... weeks, due to international cooperation and support, the futures price actually fell hitting a low [more...]

Date: 2009-01-08 08:57:43

Despite recent price rise, traders seeking tankers is bearish for oil

Filed under: International markets, Commodities, OilThose investors ready to position themselves in oil stocks, or perhaps even dabble in oil futures, may want to wait a while. Oil traders are seeking ... ." Dietz added that he was currently short unleaded gasoline, with a monthly contract. Continue reading [more...]

Date: 2009-01-07 18:45:00

thinking like an analyst

Randomly surfing news channels yesterday, I saw an economic analyst from a leading investment bank talk about his thoughts on surging oil ... to play the oil futures market, or are just care about when the price of your daily commute is going to come down, there's a specialist who provides this data, for a fee. Posted by Ed Cotton Tags [more...]

Date: 2008-06-11 16:03:04

Green Ink: Oil Tanks and Science Celebrates

paper Expiring January crude oil futures nosedived Friday while February futures contracts hovered around $42, Bloomberg reports, ... oil majors drooling over Turkmenistan’s huge natural gas field can forget about it, reports the WSJ [more...]

Date: 2008-12-19 13:00:23

Shocker: Federal Regulators Conclude That Oil Speculators Not Responsible For High Gas Prices

The Commodity Futures Trading Commission has released financial data indicating that commodities traders engaged in oil speculation have had little ... driving the future price of oil down. Commodity index funds also have a much smaller share ... of transactions worth billions of dollars between January and June of this year. Commodity futures [more...]

Date: 2008-09-15 14:50:11

Samuelson on Why We Should (Not) Shoot the Speculators

Who are these offensive souls? Well, they often don’t fit the stereotype of sleazy high rollers: ... and producers of commodities to hedge. Airlines can lock in fuel prices by buying oil futures; farmers can lock ... generally don’t buy the physical goods, whether oil or corn. Instead, they trade “futures contracts,” [more...]

Date: 2008-07-01 15:26:38

Whadda ya bet the price of gas goes up anyway

Last update: 3:50 p.m. EST Jan. 7, 2009 Comments: 89 NEW YORK (MarketWatch) ... started collecting Cushing data. On the Nymex, February heating oil futures fell 5.1% to $1.5431 ... -- Crude-oil futures tumbled 12% Wednesday, marking their biggest one-day percentage drop [more...]

Date: 2009-01-07 22:11:28

The Ghost of Crude Oil Futures (Part 2)

Happy New Year. Welcome is the psychological reset of the scorecard to our portfolios ... . All the same, this “fresh start” psychology will play a role in the future of oil… well, futures. Taking [more...]

Date: 2009-01-02 16:17:38

a wise man spoke…

Back in the long gone days of Summer 2008, our gas prices were in the $4.00 range. Congress was looking in to the price of oil and why it had risen ... futures market, in which investors buy and sell promises to deliver oil at a later date, and claimed ... commodity futures — “is almost equal to the increase in demand from China.” Many economists scoffed [more...]

Date: 2008-12-24 04:13:22

Middle East Tension Pushes Crude Near $50; Oil Embargo Not Likely

Crude oil futures traded higher on Monday, even hitting a three-week high above $49 at one point during trading on the New York Mercantile Exchange ... spokesman Hasan Qashqavi said. Analysts and traders alike believe that the world is different today ... by the recent prices, traders are beginning to get a little worried now that the conflict has [more...]

Date: 2009-01-05 22:00:15

Readings: Package II, Brokers’ gloom, Crude oil spiral

Economic Times: Package-II to boost exports, realty The government is expected to come out with a second stimulus package in the next few days to ... The current downtrend in brokerage volumes is the longest ever in broker memory. Average daily ... oil and diesel. Crude-oil futures for February delivery fell $3.63, or 9.3 percent, to $35.35 [more...]

Date: 2008-12-25 05:21:49

Jet Fuel Premium Set to Fall

A bit of cheery news for beleagured airlines: jet fuel, which of late had traded at a considerable premium to heating oil, ... to heating oil futures, said Mike Busby, manager of oil and refined-products trading for Northville [more...]

Date: 2008-07-15 08:22:01

Above the fold

A DAILY round-up of economic news: The bailout saga continues to turn ... for oil yesterday. Traders buying October oil futures to cover earlier sales of the contract briefly ... by resurgent commodities prices and a tangled global financial situation. [more...]

Date: 2008-09-23 14:18:14

Green Ink: Detroit?s Bargain and Coal?s Future

paper Crude oil futures slipped on Tuesday amid realizations the economy is still tanking, putting even more pressure on OPEC to make big production cuts. Deutsche Bank, gloomier than most banks, sees oil at $47.50 next year, both in Bloomberg. If it goes even lower, $1 gasoline could [more...]

Date: 2008-12-09 13:28:52

James Bianco on Possible Role of SemGroup Bankruptcy in Oil Price Drop

James Bianco, a respected fixed income analyst at Arbor Research, ... , down $5 on the day. Traders sold oil futures as news emerged that tropical storm Dolly was set to miss ... billion loss on July 16 after it transferred its New York Mercantile Exchange oil futures trading [more...]

Date: 2008-07-23 19:39:00

DrumBeat: November 22, 2008

The Oil Industry's Future HOUSTON, Texas (AP) -- Big Oil is set to spend billions on new exploration in 2009, but in addition to ocean beds thousands of feet below the water's surface, major producers are surveying the balance sheets of vulnerable companies in the sector [more...]

Date: 2008-11-22 14:23:24

Oil rises above $58 on heating oil, gas futures

Light, sweet crude for December delivery gained 60 cents to $58.20 a barrel on the New York Mercantile Exchange. Jim Ritterbusch, president of energy consultants Ritterbusch and Associates, said oil prices have been driven recently by equity and currency markets, but it appears some fundamentals are now driving price movement [more...]

Date: 2008-11-17 19:10:24

Who let the oil market be manipulated?

For anyone who believes that speculation by energy traders explains at least a portion of the run-up in oil prices, the announcement that the Commodity Futures Trading Commission is investigating oil market ... some commodity trading exchanges to operate without oversight while others must report what's going [more...]

Date: 2008-05-30 15:51:47

Green Ink: Gas Pains and Peak Coal

paper Crude oil futures hovered around $48 amid signs of tightening oil supplies and continued weak demand, Bloomberg reports ... at the compromises of Candian tar sands—plentiful crude, but bad for the environment. The week-long natural gas dispute in Russia is getting hotter, as Russia has shut off all natural-gas supplies to Ukraine [more...]

Date: 2009-01-07 13:09:13

Don't Blame the Speculators; Without Futures Markets, Oil Might Be At $200 Instead of $135

Excerpts below from the Fortune Magazine article "Don't Blame the Oil Speculators: ... former U.S. Commodities Futures Trade Commission chief economist Gerald Gay. "No, they're clueless ... Misunderstanding of How Futures Markets Work": Here's a suggestion: The next time a Congressional committee [more...]

Date: 2008-06-28 02:03:05

Crude continues with its upward journey

Mid East tension takes crude higher by more than 9% in two sessionsOngoing conflicts at Middle East, ... prices higher on Monday, 05 January, 2009.On Monday, crude-oil futures for light sweet crude ... is up 11.1% and heating oil is up 9.1%.February natural-gas futures rose 1.7% to $6.072 per million British [more...]

Date: 2009-01-06 03:14:00

Free Fall: Oil Price Plummets to Near $63

Even after taking the weekend to digest OPEC’s announced production cut Friday, oil markets aren’t impressed. Crude oil futures kept falling Monday, approaching $63 a barrel and marking their lowest prices ... . “Fear is the word,” one broker told Bloomberg. [more...]

Date: 2008-10-27 16:36:41

Your New Year’s Trading Resolutions

Happy New Year to all.  It is that infamous time to make resolutions — and more importantly keep them right? ... to finally achieve the results you’ve been working so hard for in your forex trading, futures trading ... points ($1,010/contract) Crude Oil Futures: 14 Wins - 4 Losses +2.68 ($2,680/contract) EURUSD Forex [more...]

Date: 2009-01-03 18:47:20

The gas legislation we pass

By Kate Sheppard The House of Representatives took up a triumvirate of environment and energy-related bills today, ... Futures Trading Commission to exert tougher oversight of the oil futures markets. In a 402-19 vote ... or unreasonable fluctuations" in energy futures prices and trading activities that "prevent [more...]

Date: 2008-06-27 00:13:20

Green Ink: Oil?s Floor and Asian Demand

paper Crude oil futures surged past $84 early Tuesday on the back of optimism the world will avoid the worst of the financial crunch, ... reqd.). Despite the recent recovery, oil and other commodities are still well-off summertime highs ... not be unlimited, in the WSJ (sub reqd.). Just don’t tell small businesses the commodities boom is over— [more...]

Date: 2008-10-14 12:10:35

Crude Oil Industry Headline News

"Crude Oil Plunges After Report of Larger Than Expected U.S. Supply Gains"Oil futures tumbled after a U.S ... and distillate fuel....Complete Story"Gas Crisis Freezes Economies in Balkans, Turkey"Russian halted natural gas deliveries to Europe via Ukraine Wednesday amid freezing winter temperatures, escalating [more...]

Date: 2009-01-07 18:45:00

Green Ink: Pricey Nukes and Supervolcanoes

paper Crude oil futures jumped above $50 after Kuwait and Qatar said they would trim January oil shipments, ... . But oil prices are still low enough to cause pain to big producers, like Venezuela, which has scrapped its $100 million heating-fuel giveaway to U.S. consumers, in the WSJ (sub reqd.). Where is Big [more...]

Date: 2009-01-06 13:00:44

Olbermann Blames McCain for Bipartisan Clinton-signed 'Enron Loophole'

Almost two years ago, NewsBusters wondered when media would begin reporting Enron's ties to higher oil and gas prices ... "Enron Loophole" created by the enactment of the Commodity Futures Modernization Act of 2000. Though ... trading, deregulation that lets speculators overwhelm trading in oil futures, those complicated [more...]

Date: 2008-06-20 14:38:34

Deflation, Inflation or Stagflation???

Remember FCX as leading indicator?Gold rallied 31 percent in 2007 as inflation rose at the fastest rate in almost two decades ... . Crude-oil futures have plunged 74 percent from a record in July.Will copper and oil and CRX drag gold ... only fleetingly in the form of a speculative blowoff in commodities, was just a head-fake, a seduction [more...]

Date: 2008-12-23 17:34:00

Bush Ends Executive Ban on Off-Shore Drilling and Oil Prices Drop 7% in two trading sessions

June 20, 2008 — USA Today: Democrat Barack Obama’s campaign released remarks he plans to make at the start of a news conference in ... of futures trading in commodities. – WLS ... on July 14 — $145.18. Price of oil at close on July 16 — $134.60. “Crude-oil futures tumbled $4.14 [more...]

Date: 2008-07-17 00:34:34

What Can Onions Teach Us About Oil Prices?

Onions have no futures market, yet their recent price volatility makes the swings in oil and corn look tame ... in a commodity not in today's news: onions. The bulbous root is the only commodity for which futures trading is banned. Back in 1958, onion growers convinced themselves that futures traders were [more...]

Date: 2008-06-29 15:52:02

Oil speculation bigger than we knew

by Frank James For the past few months as oil-futures prices were breaking records with a barrel of oil topping out around $150, ... ' influence. Last month, the main U.S. regulator of commodities trading, the Commodity Futures Trading [more...]

Date: 2008-08-15 20:09:58

Not Too Fast, ATA

Yesterday’s ATA SmartBrief (a free newsletter that is well worth subscribing to) ... , and sugar DBB follows aluminum, zinc, and copper DBC tracks crude oil, heating oil, gold, aluminum, corn ... , speculative money started flowing rapidly out of the oil futures market.” This effect isn’t necessarily [more...]

Date: 2009-01-07 13:35:43

Monday's Links

Sears, Oil, Futures, Op-Ed - Not this bad- Oil ETF's- Over $60- A classicDisclosure ("none" means no position):Visit the ValuePlays Bookstore for Great Investing Books Posted by Todd Sullivan at 1:56 AM [more...]

Date: 2009-01-05 06:56:00

Got a tip for a post?: Email us | Anonymous form Get PEEK in your mailbox! ... , there's reason to think it could be a lot. And current law means that a lot of oil futures trading is done ... like then Senator Phil Gramm (R-TX), Enron was able to insert language into the Commodity Futures [more...]

Date: 2008-07-28 12:05:05

Who saw this coming? Gas below $1.70

A handful of gas stations in Pierce County are selling gas for $1.69, according to TacomaGasPrices.com ... what today's AP story has to say: Oil futures have followed stock markets recently, using equities as a proxy ... of the year before we begin to decouple and various commodities and financial instruments begin to march [more...]

Date: 2008-11-24 20:43:02

Naughty and nice in the oil markets

It’s an iconic scene, playing out in many movies from Trading Places and Wall Street to A Good Year (below) ... that hedging, rather than speculation, is at fault.  Refiner SemGroup overinvested in oil futures ... investors tend to hold long positions in commodities as inflation hedges. Losses in stocks forced [more...]

Date: 2008-12-27 20:17:00

Green Ink: Oil?s Down, Motown Drowns

paper Crude oil futures fell to about $54 amid signs of weakening demand, as U.S ... . And the developers of the Nord Stream gas pipeline project insist it is still on track, despite Vladmir Putin’ [more...]

Date: 2008-11-18 13:14:53

Daily Forex Overview

Previous session overview On Thursday, the dollar rallied across the board, rebounding from sharp losses that accumulated since the start of the week, on a surge in U.S. stocks when crude oil futures dove more than USD5 on the day. In comments in an interview, ECB President Jean-Claude Trichet said there is a risk of a wage-price spiral developing [more...]

Date: 2008-07-18 06:59:24

Guilty, until proven innocent

There's a new website available for those who prefer to "shoot first and ask questions later" when it comes to speculation in crude oil futures markets. Like many other complex issues ... are increasingly buying and selling commodities such as oil to sell again, rather than to use. As largely [more...]

Date: 2008-07-13 19:01:00

Green Ink: The Energy Debate

paper Crude oil futures rebounded Wednesday from an early stumble after central banks in the U.S., U.K ... . Even though oil prices are well below their July high, U.S. homeowners can still expect to pay 15% more this winter in heating bills, reports the WSJ (sub reqd.). The second presidential debate [more...]

Date: 2008-10-08 14:23:31

Get Ready For $2 Gas as Fuel Prices Continue to Rise

The national average price for a gallon of gasoline posted their seventh consecutive gain on Tuesday, ... to data from the Department of Energy. Futures traders were also worried about potential fallout ... gasoline prices generally lag beind oil futures which traded above $50 a barrel today, up from below $32 [more...]

Date: 2009-01-06 18:18:07

Oil E&P Firms Mixed as Crude Hovers at $38; ‘09 Recovery?

Shares of the major oil and gas exploration and production firms were mixed today as crude oil futures slipped to 38 ... the rise of U.S. oil reserves, which are up 10% this year. The article quotes Sarah Emerson, head of Energy [more...]

Date: 2008-12-30 19:17:05

1-7-2009 (Wed Afternoon) Fin. & Econ. Activity

U.S. stocks slid the most in two weeks as a private report showed employers cut more jobs than estimated in December and companies from Alcoa Inc ... it better,” Schumer said - Bloomberg Oil futures tumbled 12 percent, the most in more than seven years ... , gasoline and distillate fuel as demand dropped. Inventories of crude oil rose 6.68 million barrels [more...]

Date: 2009-01-07 21:40:05

What's New About Oil Futures?

—Dave In Texas No more love from Hugo. It's a cold winter a-comin, up there where you all have that cold winter shit.* Back when the fatty-fat-crude from Venezuela was a buck fitty a barrel, El Puerco (pardon my ninth grade C- Spanish) was willing to play politics and stuff with the largess. I guess he's not about the love just now [more...]

Date: 2009-01-07 04:07:27

What is up with oil?

Posted by Daniel Hall on December 19, 2008 The pithy answer is nothing — not production, not consumption, and certainly not the price ... gas. 2) Oil futures are not tremendously influenced by OPEC’s announced cuts.  OPEC does ... countries oversell their quotes, and the budgetary pressure on some of these governments — who spent [more...]

Date: 2008-12-19 17:09:10

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