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All Posts Term: oil
5 post(s) found

Oil Prices Could Move Higher to $45 or $60 a Barrel

oilprices

With the demand for oil continuing to increase every year from 1 to 2 percent, the price is destined to rebound higher within the next couple of years. Supply has fallen due to a lack of new production with the current price suppressed. We have seen trading around $30 with prices moving around a little bit, a general trend upward over the past 3 months. This price increase has been noticed at retail gasoline stations across the country.

Some view a yearly target of $45/barrel as being reasonable with a two to three year target of $60.

There are a couple of caveats to the price discussion. Derivatives are largely responsible for the price of the commodity. So supply and demand are often obscured from the current prices by these trading instruments. And their price is more volatile than a straight commodity traded on an exchange would be. A world event could cause the price to fall or jump quickly.

China Growth And Oil Trading Fears

Jul 28 2015
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Fear of China Growth Crush Oil & Commodities

US oil prices remained on their downhill slide Monday. In the U.S. a barrel of crude hit a 52-week low coming in at $47.20 a barrel. This launched investors into reeling and reacting to China's largest 1-day stock sell-off since 2007. Worries over an oil glut continued to gain momentum as the fears of economic slowdown in China swept the world.

Today China is the world's second-largest economy. It is, however, no longer growing at its old double-digit pace like it was only a few short years ago. This is causing investors worldwide to question its reported 7% growth during the second quarter, and to wonder if that figure truly reflects China's economy to date.

Cushing US Report Pushes Oil Lower

Dec 31 2014
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CushingCrudeOil

A report from Cushing Oklahoma showed slow growth in oil demand while the glut of oil supply remained high. The EIA (Energy Information Assoc.) reported that crude supply decreased but that Cushing showed a large build up at the same time. This created a bearish tone in trading and oil stocks declined along with the price of oil in open trading. Also noted was a small increase in the demand for gasoline which spooked traders.

Panic Hits the Russian Ruble

Dec 16 2014
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banknote-1000-rubles--1997--front

The Russian Central Bank raised interest rates to 17% overnight hoping to stem the fall of the Russian Ruble as the country’s main source of revenue, oil, dropped in price at historic rates. A glut in oil production has created a supply abundance worldwide. Since a debt default in 1998, the Russian economy has not been hit so hard. Interest rates were already high at 10.5% before the move that did not have the affect on the currency the central bank had hoped for. The currency remained soft in trading today. Interest rates were raised to encourage holders to keep their cash for additional future increases.

Exxon Mobile Corporation (XOM) Keeps Value

WASHINGTON - JANUARY 20:  ExxonMobil Corporati...

Image by Getty Images via @daylife

Exxon Mobile Corp (XOM) has maintained its value as the overall markets have turned bearish over the past couple of weeks. The oil/natural gas exploration and development company remains near its 52-week as analyst continue to anticipate strong earnings in the coming quarters. Currently the company is valued at $395 billion and offers a dividend of 1.88 or a 2.3% yield.

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