Northern Oil & Gas Inc

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  • uploads///image
    Macroeconomic Analysis

    Analyzing Crude Oil Prices in 2016 and 2017

    Crude oil prices were $54.1 per barrel on December 28—the highest since July 14, 2015. As of January 16, 2017, crude oil prices are 3.4% below their highs.

    By Gordon Kristopher
  • uploads///dbcabdebdeeec
    Macroeconomic Analysis

    US Dollar at a 13-Year High: Crude Oil Market’s Turning Point?

    The US Dollar Index rose 0.4% to 101.4 on November 18, 2016—the highest level in the last 13 years. It also rose 4% in the last two weeks.

    By Gordon Kristopher
  • uploads///Libya
    Energy & Utilities

    Libya’s Crude Oil Production: Bears Could Control Oil Prices

    Libya’s crude oil production was at 1,030,000 bpd in July 2017. Production has risen ~60% from its levels in January 2017.

    By Gordon Kristopher
  • uploads///daaaafcccadd
    Macroeconomic Analysis

    US Dollar Index Fell: How Will It Impact Crude Oil Prices?

    The US Dollar Index fell 0.5% to 98.3 on October 28, 2016. It fell due to political uncertainty in the US. It had risen earlier in the morning on October 28.

    By Gordon Kristopher
  • uploads///OPEC
    Miscellaneous

    Can OPEC and Russia Rescue the Oil Market?

    The EIA estimates that OPEC’s crude oil production rose by 90,000 bpd to 31.71 MMbpd (million barrels per day) in April 2017—compared to March 2017.

    By Gordon Kristopher
  • uploads///US gasoline demand
    Macroeconomic Analysis

    What Are the Key Drivers for the Crude Oil Market This Week?

    July West Texas Intermediate crude oil futures contracts trading in NYMEX rose by 2.9% and settled at $49.37 per barrel on June 20, 2016.

    By Gordon Kristopher
  • uploads///us crude oil stocks
    Macroeconomic Analysis

    API Crude Oil Stocks Could Add More Pain for Crude Oil Prices

    On April 19, the API will release its weekly crude oil inventory report. The US crude oil inventory rose by 6.22 MMbbls for the week ending April 8, 2016.

    By Gordon Kristopher
  • uploads///Distillate
    Energy & Utilities

    Relationship between US Distillate Inventories and Oil Prices

    US distillate inventories rose by 2,747,000 barrels to 127.7 MMbbls (million barrels) on November 17–24, 2017. Inventories rose 2.2% week-over-week.

    By Gordon Kristopher
  • uploads///oil and inventory
    Macroeconomic Analysis

    US Crude Oil Inventories Could Hit a New Record

    On March 7, the API (American Petroleum Institute) will release its weekly crude oil inventory report. US crude oil inventories are at an all-time high.

    By Gordon Kristopher
  • uploads///oil inventory
    Macroeconomic Analysis

    Oil Traders Focus on US Crude Oil Inventories

    On January 31, the API released its weekly crude oil inventory report. It reported that US crude oil inventories rose by 5.8 MMbbls from January 20–27.

    By Gordon Kristopher
  • uploads///cl price
    Macroeconomic Analysis

    Why Morgan Stanley Expects Crude Oil Prices to Trend even Lower

    As of the end of April, crude oil prices had rallied by almost 70% since the lows of February 2016. But prices were still ~60% lower than in June 2014.

    By Gordon Kristopher
  • uploads///US gasoline demand
    Macroeconomic Analysis

    Why US Gasoline Demand Is Important for Crude Oil Prices

    The EIA reported that the weekly US gasoline demand rose 320,000 bpd (barrels per day) to 9,118,000 bpd from October 14–21, 2016.

    By Gordon Kristopher
  • uploads///US crude oil inventories and prices
    Miscellaneous

    Will US Crude Oil Inventories Pressure Oil Prices?

    September US crude oil (BNO) (IEZ) (UCO) futures contracts fell 0.3% to $46.4 per barrel in electronic trading at 2:15 AM EST on July 19, 2017.

    By Gordon Kristopher
  • uploads///US crude oil production
    Energy & Utilities

    US Crude Oil Production Is near 4-Year Low

    The EIA estimates that US crude oil production fell by 1,074,000 bpd (barrels per day) to 8,406,000 bpd on October 6–13, 2017.

    By Gordon Kristopher
  • uploads///gas demand
    Miscellaneous

    Why Investors Are Tracking US Gasoline Demand

    The EIA (U.S. Energy Information Administration) estimated that four-week average US gasoline demand fell by 80,000 bpd to 9,237,000 bpd on April 14–21.

    By Gordon Kristopher
  • uploads///oil firecasts jan
    Energy & Utilities

    Crude Oil Prices Could Hit $80 per Barrel in 2018

    BBL Commodities is one of the largest oil hedge funds in the world. BBL Commodities expects that Brent crude oil prices could hit $80 per barrel in 2018.

    By Gordon Kristopher
  • uploads///usdx and crude oil
    Macroeconomic Analysis

    Federal Reserve and OPEC Pressure Crude Oil Prices

    On December 14, the Federal Reserve reported that it would raise the interest rate by 25 basis points. As a result, the US Dollar Index appreciated by 0.7%.

    By Gordon Kristopher
  • uploads///opec
    Miscellaneous

    OPEC’s Crude Oil Production Could Rebalance the Oil Market

    A Reuters survey estimates that OPEC showed 95% compliance with targeted production cuts in March 2017 due to major producers’ production cut deal.

    By Gordon Kristopher
  • uploads///libya
    Macroeconomic Analysis

    US Inventories and Libya Impact Crude Oil Prices

    Crude oil prices fell due to the unexpected rise in US crude oil inventories. However, crude oil prices are trading near 2016 highs.

    By Gordon Kristopher
  • uploads///russia
    Miscellaneous

    Will Russia Support OPEC if Production Cuts Continue?

    On April 28, 2017, the Ministry of Energy of Russia said the country’s oil production fell 300,000 bpd to meet the targeted production cut in April 2017.

    By Gordon Kristopher
  • uploads///oil production us
    Macroeconomic Analysis

    US Crude Oil Production Hit a 10-Month High: What’s Next?

    The EIA (U.S. Energy Information Administration) reported that US crude oil production rose by 24,000 bpd (barrels per day) to 9,001,000 bpd between February 10 and February 17, 2017.

    By Gordon Kristopher
  • uploads///OPEC
    Miscellaneous

    Goldman Sachs: OPEC and Russia Could Pressure Oil Prices

    Goldman Sachs (GS) thinks that a rise in production from OPEC, Russia, and the US in 2H18 could lead to renewed oversupply by the end of 2018.

    By Gordon Kristopher
  • uploads///US weekly crude oil inventories
    Macroeconomic Analysis

    EIA and API’s Crude Oil Inventories Impact Oil Prices

    On December 28, the API released its weekly crude oil inventory report. US crude oil inventories rose by 4,200,000 barrels from December 16–23, 2016.

    By Gordon Kristopher
  • uploads///opec spare production capacity
    Miscellaneous

    OPEC’s Spare Production Capacity Fell: Will It Impact Oil Prices?

    The EIA estimated that OPEC’s spare crude oil production capacity fell by 36,277 bpd to 2.32 MMbpd in April 2017—compared to March 2017.

    By Gordon Kristopher
  • uploads///cush
    Macroeconomic Analysis

    Cushing Crude Oil Inventories: More Pain for Oil Prices?

    Market surveys estimate that Cushing crude oil inventories rose from March 3–10. A rise in crude oil inventories could pressure US crude oil prices.

    By Gordon Kristopher
  • uploads///Iran
    Miscellaneous

    Iran’s Crude Oil Exports Hit a Record: What’s Next?

    A Reuters survey estimates that Iran’s crude oil production rose by 10,000 bpd to 3.77 MMbpd in March 2017—compared to the previous month.

    By Gordon Kristopher
  • uploads///US crude oil production
    Miscellaneous

    US Crude Oil Production Fell for the First Time since February

    US crude oil production fell by 9,000 bpd to 9,305,000 bpd on May 5–12, 2017. Production fell 0.1% week-over-week, but rose 5.8% year-over-year.

    By Gordon Kristopher
  • uploads///diesel and distillate prices
    Macroeconomic Analysis

    US Diesel Futures Follow Crude Oil Prices

    February 2017 NY Harbor ULSD futures fell and settled at $1.66 per gallon on December 21. Diesel futures fell despite the fall in distillate inventories.

    By Gordon Kristopher
  • uploads///Saudi Arabia
    Energy & Utilities

    Analyzing Saudi Arabia’s Crude Oil Export Strategy

    On July 24, 2017, Saudi Arabia’s energy minister stated that the country would cut crude oil exports to 6.6 MMbpd in August 2017.

    By Gordon Kristopher
  • uploads///OPEC crude oil production may
    Macroeconomic Analysis

    OPEC’s Crude Oil Production and Strategy Ahead of Its Meeting

    A Bloomberg survey reported that that OPEC’s crude oil production increased by 484,000 bpd to 33.2 MMbpd in April 2016—compared to the previous month.

    By Gordon Kristopher
  • uploads///image
    Miscellaneous

    Will Trump and US Supplies Drive Crude Oil Futures?

    WTI (West Texas Intermediate) crude oil (UCO) (XLE) (USO) futures contracts for June delivery rose 0.84% and closed at $49.07 per barrel on May 17, 2017.

    By Gordon Kristopher
  • uploads///Distillates
    Miscellaneous

    US Distillate Inventories Rose for the Fourth Straight Week

    US distillate inventories rose by 1.1 MMbbls to 152.5 MMbbls on June 9–16, 2017. US distillate inventories rose for the fourth consecutive week.

    By Gordon Kristopher
  • uploads///Distillate
    Energy & Utilities

    US Distillate Inventories Are near a 3-Year Low

    US distillate inventories fell by 302,000 barrels to 128.9 MMbbls (million barrels) on October 20–27, 2017. It’s the lowest level since April 10, 2015.

    By Gordon Kristopher
  • uploads///US crude oil production
    Macroeconomic Analysis

    Is Weekly US Crude Oil Production Bullish or Bearish?

    The EIA reported that US crude oil production fell by 11,000 bpd to 8,681,000 bpd from November 4–11, 2016. Production fell 5.5% year-over-year.

    By Gordon Kristopher
  • uploads///image
    Macroeconomic Analysis

    Will US Crude Oil Inventories Fall and Support Oil Prices?

    February WTI (West Texas Intermediate) crude oil futures contracts fell 0.2% to $53.2 per barrel in electronic trade at 4:50 AM EST on January 5, 2017.

    By Gordon Kristopher
  • uploads///oecd
    Macroeconomic Analysis

    OECD’s Oil Inventories Reached an All-Time High

    OECD’s oil inventories are at the highest level ever. Record oil inventories are bearish for crude oil (PXI) (ERX) (DIG) (USL) (IXC) prices.

    By Gordon Kristopher
  • uploads///energy calendar
    Macroeconomic Analysis

    What to Watch for in the Energy Sector This Week

    Moves in crude oil prices can impact the earnings of oil and gas producers such as ConocoPhillips (COP) and Northern Oil & Gas (NOG).

    By Gordon Kristopher
  • uploads///dfaafbfcedce
    Macroeconomic Analysis

    How the US Dollar and Brexit Are Affecting Crude Oil Prices

    Prior to the Brexit referendum, WTI (West Texas Intermediate) crude oil futures contracts for August delivery rose by 2% and settled at $50.11 per barrel on Thursday, June 23, 2016.

    By Gordon Kristopher
  • uploads///US distillates
    Energy & Utilities

    US Distillate Inventories Fell for the Fourth Time in 5 Weeks

    The EIA reported that US distillate inventories fell by 1.9 MMbbls (million barrels) to 149.5 MMbbls on July 14–21, 2017.

    By Gordon Kristopher
  • uploads///total demand
    Miscellaneous

    Why Is a Production Freeze a Key Catalyst for Crude Movement?

    On April 17, 2016, OPEC and non-OPEC producers will meet to discuss a possible production freeze agreement. The talks aim to lock the production levels of participating countries at January 2016 levels.

    By Rabindra Samanta
  • uploads///CUSH
    Energy & Utilities

    Cushing Inventories Fell 33% from the Peak

    Analysts expect that Cushing crude oil inventories could have declined on January 5–12, 2018. A fall in Cushing inventories is bullish for oil prices.

    By Gordon Kristopher
  • uploads///oil firecasts jan
    Energy & Utilities

    Traders Could Start Booking a Profit in Crude Oil Futures

    On January 16, 2018, Goldman Sachs said that crude oil prices could exceed its forecast in the coming months.

    By Gordon Kristopher
  • uploads///Energy MWU_ UPSTREAM Losers
    Energy & Utilities

    Upstream Losses: NOG, TELL, GPOR, EPE, and REN

    In the week starting on March 19, 2018, Northern Oil & Gas (NOG) decreased from $2.09 to $1.86—a significant decrease of ~11.0%.

    By Nicholas Chapman
  • uploads///US crude oil inventories
    Energy & Utilities

    US Crude Oil Inventories Limit the Upside for Oil Prices

    The EIA reported that US crude oil inventories increased by 6.8 MMbbls (million barrels) to 418.3 MMbbls on January 19–26, 2018.

    By Gordon Kristopher
  • uploads///oil firecasts jan
    Energy & Utilities

    EIA Upgraded Crude Oil Price Forecasts for 2018

    The EIA forecast that Brent (BNO) crude oil would average $59.74 per barrel in 2018—4.3% higher than the previous estimates in December 2017.

    By Gordon Kristopher
  • uploads///Energy MWU_ UPSTREAM Gainers
    Energy & Utilities

    Northern Oil and Gas Leads Upstream Gainers This Week

    In the week starting January 1, Northern Oil and Gas (NOG) increased from last week’s close of $2.05 to $2.54 on January 2, a significant increase of ~24%.

    By Nicholas Chapman
  • uploads///gasoline inventories
    Energy & Utilities

    Massive Fall in US Gasoline Inventories Drove Gasoline Futures

    The EIA reported that US gasoline inventories fell by 5,465,000 barrels or 2.5% to 216.8 MMbbls (million barrels) on October 13–20, 2017.

    By Gordon Kristopher
  • uploads///Iran
    Energy & Utilities

    Iran’s Crude Oil Production Was Flat in August 2017

    The EIA estimates that Iran’s crude oil production was flat at 3.8 MMbpd (million barrels per day) in August 2017—compared to July 2017.

    By Gordon Kristopher
  • uploads///Gasoline
    Energy & Utilities

    US Gasoline Inventories’ Largest Weekly Drop in 27 Years

    The EIA (U.S. Energy Information Administration) released its weekly crude oil inventory report on September 13.

    By Gordon Kristopher
  • uploads///Latest Aug
    Energy & Utilities

    Why Were Crude Oil Price Forecasts Downgraded Again?

    A Wall Street Journal survey estimates that US crude oil prices could average $51 per barrel in 2018—$2 per barrel lower than previous estimates.

    By Gordon Kristopher
  • uploads///US crude oil production
    Energy & Utilities

    How Hurricane Harvey May Impact US Crude Oil Production

    US crude oil production  The EIA (U.S. Energy Information Administration) estimates that US crude oil production rose by 2,000 bpd (barrels per day) to 9,530,000 bpd between August 18 and 25, 2017. Production rose 1,042,000 bpd, or 12.3%, from the same period in 2016. It has risen for three consecutive weeks to August 25, and has reached […]

    By Gordon Kristopher
  • uploads///Gasoline Inventories
    Energy & Utilities

    Will US Crude Oil and Gasoline Inventories Support Oil Prices?

    September WTI (West Texas Intermediate) crude oil (OIH) (SCO) (DIG) futures contracts rose 0.5% to $47.81 per barrel in electronic trading at 1:50 AM EST on August 16, 2017.

    By Gordon Kristopher
  • uploads///Distillate inventories
    Miscellaneous

    US Distillate Inventories Fell for the Second Straight Week

    The EIA reported that US distillate inventories fell by 1.8 MMbbls (million barrels) or 1.2% to 150.4 MMbbls on June 23–30, 2017.

    By Gordon Kristopher
  • uploads///US crude oil production
    Miscellaneous

    US Crude Oil Production: Biggest Weekly Fall since July 2016

    The EIA (U.S. Energy Information Administration) reported that US crude oil production fell by 100,000 bpd to 9,250,000 bpd on June 16–23, 2017.

    By Gordon Kristopher
  • uploads///gasoline inventories
    Miscellaneous

    Analyzing US Gasoline Inventories and Gasoline Demand

    US gasoline inventories rose by 2.1 MMbbls to 242.3 MMbbls on June 2–9, 2017. Inventories rose 0.9% week-over-week and 2.3% year-over-year.

    By Gordon Kristopher
  • uploads///cush
    Miscellaneous

    Analyzing Cushing Crude Oil Inventories and US Crude Oil Futures

    A fall in Cushing inventories could benefit US crude oil (BNO) (SCO) (UCO) prices. Crude oil prices have risen 2.8% in the last four weeks.

    By Gordon Kristopher
  • uploads///oil inventory
    Miscellaneous

    US Crude Oil Inventories Are 0.6% below Their All-Time High

    The EIA reported that US crude oil inventories fell by 1 MMbbls to 532.3 MMbbls on April 7–14, 2017. US crude oil inventories fell 0.2% week-over-week.

    By Gordon Kristopher
  • uploads///US weekly crude oil inventories
    Macroeconomic Analysis

    US Crude Oil Inventories Supported Crude Oil Prices

    The EIA (U.S. Energy Information Administration) reported that US crude oil inventories fell by 884,000 barrels to 488.1 MMbbls from November 18–25, 2016.

    By Gordon Kristopher
  • uploads///gasoline demand and prices
    Macroeconomic Analysis

    Gasoline Demand Impacts Crude Oil and Gasoline Prices

    US gasoline prices hit $1.14 per gallon on February 8, 2016—the lowest in 12 years. As of November 29, 2016, prices rose 21.1% from their lows in February.

    By Gordon Kristopher
  • uploads///Gasoline stocks
    Energy & Utilities

    US Gasoline Inventories Pressured Gasoline and Crude Oil Prices

    The EIA reported that US gasoline inventories rose by 600,000 barrels to 228.4 MMbbls (million barrels) from September 2–9, 2016.

    By Gordon Kristopher
  • uploads///correlation of oil weighted stocks
    Energy & Utilities

    Which Oil-Weighted Stocks Lead in the Correlation with Crude Oil?

    On July 25, US crude oil (USO) (OIIL) (USL) (SCO) contracts for September delivery closed at $43.13 per barrel—2.4% below its previous closing price.

    By Rabindra Samanta
  • uploads///SI of upstream stock
    Energy & Utilities

    Upstream Stocks with Highest Short Interest-to-Equity Float Ratios

    On July 18, 2016, Clayton Williams Energy (CWEI) had the highest short interest-to-equity float ratio among the upstream stocks at ~58.0%.

    By Rabindra Samanta
  • uploads///si of upstream stock
    Energy & Utilities

    Upstream Stocks with High Short Interest–to–Equity Float Ratios

    As of July 8, 2016, Clayton Williams Energy (CWEI) has the highest short interest–to–equity float ratio among upstream stocks at 57.8%.

    By Rabindra Samanta
  • uploads///Russia crude oil production
    Energy & Utilities

    Russia’s Crude Oil Production Will Pressure the Crude Oil Market

    Russia’s crude oil production rose to 10.84 MMbpd in June 2016—compared to the previous month—according to sources from the Russian Energy Ministry.

    By Gordon Kristopher
  • uploads///cftc new
    Macroeconomic Analysis

    Hedge Funds’ Net Long Positions Rose for the First Time in 5 Weeks

    Net long positions rose by 21,586 contracts to 213,075 contracts for the week ended June 21, 2016, compared to the previous week.

    By Gordon Kristopher
  • uploads///cabbbbdfdbdfff
    Macroeconomic Analysis

    Crude Oil Fell almost 8% in the Last 2 Days: Is It the Turning Point?

    August West Texas Intermediate crude oil futures contracts fell by ~2.8% and settled at $46.33 per barrel on Monday, June 27, 2016. Prices fell for the second day due to the aftermath of the Brexit vote on June 24.

    By Gordon Kristopher
  • uploads///India demand
    Macroeconomic Analysis

    What Drove the Crude Oil Demand in Asia?

    India’s Petroleum, Planning, and Analysis Cell reported that India’s crude oil demand rose by 0.4 MMbpd in April. It’s 10% higher than the same period in 2015.

    By Gordon Kristopher
  • uploads///us crude oil stocks
    Macroeconomic Analysis

    Brent and WTI Crude Oil Prices Moved in the Same Direction

    Crude oil prices fell for the first time in the last three days due to uncertainty about the United Kingdom’s future in the European Union.

    By Gordon Kristopher
  • uploads///short interest
    Miscellaneous

    Which Upstream Stocks Had the Highest Short Interest?

    As of June 10, 2016, Clayton Williams Energy (CWEI) had the highest short interest-to-equity float figures among upstream stocks.

    By Rabindra Samanta
  • uploads///Nigeria crude oil production
    Macroeconomic Analysis

    Why Is Nigeria Overshadowing the Crude Oil Market?

    July WTI (West Texas Intermediate) crude oil futures contracts trading in NYMEX rose by 1.4% and settled at $50.36 per barrel on Tuesday, June 7, 2016.

    By Gordon Kristopher
  • uploads///supply and demand gap
    Macroeconomic Analysis

    Will Crude Oil’s Supply and Demand Balance Narrow or Widen?

    In a recent Short-Term Energy Outlook Report, the EIA estimated that the global crude oil supply and demand gap averaged 1.2 MMbpd in 1H16.

    By Gordon Kristopher
  • uploads///India demand
    Macroeconomic Analysis

    Demand Side of the Crude Oil Market: India Is a Bright Spot

    OPEC’s monthly report highlighted that India’s crude oil demand rose by 0.6 MMbpd in March 2016, 15% higher than in the corresponding period in 2015.

    By Gordon Kristopher
  • uploads///China crude oil production
    Macroeconomic Analysis

    How Will China and India Impact the Crude Oil Market in 2016?

    China’s crude oil production fell to the lowest level in four years. It fell by 5.6% YoY (year-over-year) to 16.6 metric tons in April 2016.

    By Gordon Kristopher
  • uploads///US crude oil production
    Macroeconomic Analysis

    US Crude Oil Production Fell for 15th Straight Week: What’s Next?

    Monthly US crude oil production peaked at 9.7 MMbpd in April 2015—the highest level since the 1970s. US crude oil production hit its lowest level since September 5, 2014, in the week ended May 6, 2016.

    By Gordon Kristopher
  • uploads///api crude oil
    Macroeconomic Analysis

    Could US Crude Oil Inventory Rise for 3rd Straight Week?

    On April 26, 2016, the API (American Petroleum Institute) released its weekly crude oil inventory report. It showed that US crude oil inventory fell 1.1 MMbbls for the week ended April 22.

    By Gordon Kristopher
  • uploads///Saudi_production
    Macroeconomic Analysis

    Some Key Bearish Catalysts for Crude Oil Prices

    The expectation of rising crude oil production from Saudi Arabia could see crude oil prices under pressure. Iran will most likely increase production until it reaches pre-sanction levels.

    By Gordon Kristopher
  • uploads///US crude oil production
    Macroeconomic Analysis

    US Crude Oil Production Sees a Significant Fall: What’s Next?

    The EIA reported that US crude oil production fell by 113,000 barrels per day to 8.8 MMbpd (million barrels per day) for the week ending April 29, 2016.

    By Gordon Kristopher
  • uploads///india oil demand
    Macroeconomic Analysis

    Why South Korea and India Are Bullish Forces for Crude Oil

    In this part of the series, we’ll look at some more bullish drivers for crude oil prices over the long term.

    By Gordon Kristopher
  • uploads///Dollar Index Driving The Crude Rally
    Macroeconomic Analysis

    Why Is the US Dollar Index Limited in Driving Crude Oil Prices?

    From February 26, 2016, to April 22, 2016, the US Dollar Index has fallen around 3%. The last 30-day correlation with crude oil stood at -24% on April 22.

    By Rabindra Samanta
  • uploads///Correlation of SP  Index With Crude Oil Decoded
    Macroeconomic Analysis

    How Are Crude Oil Prices and the S&P 500 Correlated?

    Historically, crude oil prices and the S&P 500 index have influenced each other.

    By Rabindra Samanta
  • uploads///us retail gasoline prices
    Macroeconomic Analysis

    Gasoline Prices: Roller Coaster Ride Continues in 2016

    May gasoline futures trading in NYMEX rose by 0.7% and settled at $1.39 per gallon on April 6. Gasoline prices rallied almost 30% from the lows in February.

    By Gordon Kristopher
  • uploads///crude oil seasonality
    Macroeconomic Analysis

    How Seasonality Impacts Crude Oil Prices

    Seasonality plays a key role in influencing crude oil prices. Crude oil prices tend to rise in August due to the summer driving season, which results in a rise in gasoline demand.

    By Gordon Kristopher
  • uploads///Saudi Factor And US Crude Oil
    Miscellaneous

    Why Is Saudi Arabia Making Crude Oil Volatile?

    After Mohammad Bin Salman Al-Saud’s interview on April 1, investors turned bearish on crude oil. During the last two trading sessions, US crude oil lost about 6.8%.

    By Rabindra Samanta
  • uploads///Fiscal Deficit
    Miscellaneous

    Crude Is near the Break-Even Cost for Some OPEC Members

    With crude falling below $40 per barrel, it’s inching towards the break-even cost of OPEC’s member countries. Lower crude oil prices are a direct loss for crude oil exporters.

    By Rabindra Samanta
  • uploads///US WTI  July
    Macroeconomic Analysis

    Crude Oil Prices Test the Key Support Level and Could Rebound

    Slowing US output and falling inventories could support crude oil prices. The next resistance for US WTI crude oil prices is seen at $55 per barrel.

    By Gordon Kristopher
  • uploads///WTI  month chart
    Macroeconomic Analysis

    Will Crude Oil Prices Hit Their Next Support Level?

    August WTI crude oil futures fell below the key support level of $52 per barrel for the second day in a row.

    By Gordon Kristopher
  • uploads///WTI  month chart July
    Macroeconomic Analysis

    Crude Oil Prices Test the Key Support: Hit a 2-Month Low

    Crude oil prices resumed their long-term downward trend yesterday. Bearish oversupply factors and Iran’s nuclear deal could drag WTI prices lower.

    By Gordon Kristopher
  • uploads///US Crude Oil Inventory June
    Macroeconomic Analysis

    Crude Oil Inventory: Will API Inventory Data Increase Again?

    The API is expected to release the weekly crude oil, distillate, and gasoline inventory report on Tuesday, June 9. Last week, the US stockpile increased by 1.8 MMbbls.

    By Gordon Kristopher
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