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Cheap Crude Oil & Nat Gas Not Going Away In ‘The Age of Plenty”

Cheap Crude Oil & Nat Gas Not Going Away In ‘The Age of Plenty” $OIL, $USO, $UNG Tuesday in London, Michael Liebreich, founder of Bloomberg New Energy Finance, set out the trends upending the global energy markets and ushering in what he termed an “Age of Plenty.” He said the following: 1. Cheap fossil fuels […]

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A Close Look At Wednesday’s Key Market Events

A Close Look At Tuesday’s Key Market Events $BAC Wednesday Q-3 earnings reporting heats up with more ,market reports, including that from Bank of America (NYSE:BAC), along with influential economic releases that include China’s Consumer Price Index (CPI) and the US Retail Sales report for September. I. China September CPI Report (Tuesday, 13 October, 9:30p […]

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Iran Boosts Oil Trade via UAE Ahead Of Sanctions Relief

Iran Boosts Oil Trade via UAE Ahead Of Sanctions Relief The trading sources said Iranian fuel oil shipments are being presented with documents declaring it of Iraqi origin at the ship refuelling hub of Fujairah Iran has boosted exports of fuel oil through US-ally the United Arab Emirates (UAE) and also almost 2X’d its imports […]

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Tuesday’s Technical Outlook For: WTI Crude Oil (USO)

Tuesday’s Technical Outlook For: WTI Crude Oil (USO) $OIL, $USO Tuesday, major fundamental news hit the wires. A report citing that OPEC has continued to boost Crude Oil production despite its issues of over supply The price of Crude Oil came under pressure overnight, sold hard throughout the session after secondary sources cited in OPEC’s […]

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Renewable Energy Companies Struggling To Salvage Their Businesses

Renewable Energy Companies Struggling To Salvage Their Businesses $SUNE, $SCTY, $NRG, $CAFD, $FSLR Not so long ago, the renewable energy sector could do little wrong: Stock prices were rising, and money was flowing in as participants charged into the sector. No more. Low Crude Oil and Nat Gas prices have shaken up the energy markets, […]

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Monday’s Technical Analysis For: WTI Crude Oil (USO)

Monday’s Technical Analysis For: WTI Crude Oil (USO) $USO, $OIL WTI Crude Oil rose to 50.92 last week, and failed above 50 psych mark, that is strong resistance should, which coincide with 50% Fibo retracement of 62.58 to 37.75 at 50.17, to complete the rebound from 37.75. A move Below 45.73 will bring on retest […]

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What Should We Conclude From This Recent Bounce In Crude Oil Prices?

What Should We Conclude From This Recent Bounce In Crude Oil Prices? $OIL, $USO Crude Oil prices have bounced off of their August lows, tapping at the Key resistance of 50 bbl Thursday. The Big Q: What does this mean in the overall picture? The news  influenced Thursday’s action. The Federal Reserve released the minutes […]

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Crude Oil Money Dries Up, UAE Money Rates Mark 2 Highs

Crude Oil Money Dries Up, UAE Money Rates Mark 2 Highs $OIL As governments’ Crude Oil income declines, they are making fewer deposits in their banking systems, reducing banks’ supplies of excess cash Money market rates in the United Arab Emirates (UAE) hit their highest levels in roughly 2 years last Tuesday as low Crude […]

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Oil falls after rise in US inventories

Oil prices fell Wednesday after the release of the latest US oil data showed increasing inventories and an unexpected rebound in production. The Department of Energy’s weekly petroleum numbers dented hopes for another drop in US output that could spell a general tightening of global supplies. New York’s benchmark West Texas Intermediate (WTI) for delivery […]

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