Archive | Forecast

Back to the Future: $100 Oil May Return Soon

Oil has been a slumbering giant for nearly a year, but experts say the world’s most important commodity is set to resume its climb back to $100 by this summer at the latest. If speculators — including investment banks and hedge funds — add fuel to the momentum as they did two years earlier when […] [...more]

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Energy Stocks Can Hit Pay Dirt

Although lagging the broad market this year, energy stocks, particularly those tied to exploration and production are now toying with upside breakouts. The iShares Dow Jones U.S. Oil & Gas Exploration & Production Index Fund (ticker: IEO) is now at the top of its six-month trading range (see Chart 1). Typically, this would be an […] [...more]

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Geneva Oil Traders Predict Stable Prices; Risk of Surge Remains

Mercuria Energy Trading SA and Vitol Group, closely held commodity traders based in Geneva, forecast stable oil prices in the coming months. Oil may trade between $65 and $90 a barrel in the near term, Daniel Jaeggi, Mercuria’s head of trading, said today at a United Nations conference in Geneva. Mark Ware, director of corporate […] [...more]

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Which Way Next for Oil?

Oil prices have been relatively stable for the last few months. The great terror is over and a sense of new normal has settled on the markets – while economies are not doing great they are at least slowly getting better. Belief in the China story remains sound albeit with hiccups every time the authorities […] [...more]

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Energy report: China gets tough

Google is 99.9% sure it is leaving China as the oil market not only has to deal with the upcoming Fed and OPEC meetings but will also have to focus on increasing tensions between the U.S. and China.. The week ahead in energy will at least be eventful. China is upset with the U.S. and […] [...more]

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Oil Can Top $100 a Barrel Soon Enough

The fundamentals in the crude oil market got a boost in recent weeks with renewed hopes of a swift recovery in the global economy (demand increases) and ethnic violence in oil rich Nigeria (supply disruptions). This pushed crude prices above $82 a barrel. There’s nothing new about this fundament argument for rising oil prices. What […] [...more]

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Prospects of commodities positive in the long term

What do contrarian investment advisor Marc Faber, billionaire George Soros and super investor Jim Rogers have in common? Well, all of them are bullish on either one or more classes of commodities. Prices of many commodities, especially metals, energy and bullion have been on an upward trend despite the global financial downturn. On the Dubai […] [...more]

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The Week Ahead: Risk Is Off the Cliff; Unwind Has Begun

Last week we expressed caution that the risk sell-off that has characterized the month of January was at a tipping point. That point has been broken to the downside and we are now expecting a further unwinding of long risk positions, which should see stocks, commodities and the JPY-crosses (EUR/JPY, AUD/JPY, etc) extend recent declines […] [...more]

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Oil Pushing Toward $90 A Barrel In Coming Months – Citigroup

Citigroup analysts said Monday they expect oil prices to push toward $90 in coming months and read good news into the trend for companies including Chevron Corp. (CVX) and BP PLC (BP). Citigroup Global Markets analysts upgraded their Chevron and BP investment ratings to buy from hold after the firm’s oil analysts targeted oil’s per-barrel […] [...more]

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Oil rises a seventh day, set for biggest annual gain in decade

Crude oil rose for a seventh day as colder weather in the U.S. increased demand for heating fuels. Prices are poised for the biggest annual gain since 1999 on optimism consumption will rebound as the global economy recovers. Oil settled at a six-week high yesterday on concern unrest in Iran may disrupt supplies from the […] [...more]

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