Tag Archives: oil

Is crude oil tipping its hand?

During the overnight Asian session crude oil began to lose its footing and accelerated its slide during the early morning U.S. session heading into the weekend. Crude oil continues to fall more than 2.75% as of this story despite better than expected Initial Jobless Claims report.

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Long-term oil price trend is right in line with demand, so watch the drillers

United States Oil (USO, quote), the biggest exchange-traded fund for petroleum, has surged 12% since bottoming out at $36.68 about a month ago. While some may suspect that speculative money is filling the fund’s sails, the move only reflects how far oil prices diverged from the long-term fundamentals in recent months.

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