Oil prices continue to reel from a seemingly concerted effort by OPEC to talk the price of oil down. It seems like every day, one or another OPEC member talks about waiting out the market and questioning the need to cut production.… Read more
Energy OverView December 9, 2014
WTI oil prices made a new low for the move, yesterday, trading below $63 for a time. It is more of the same story, with supply increases, shaky demand growth, and a piling on by Wall Street analysts with ever-lower price forecasts.… Read more
Energy OverView December 3, 2014
Oil prices continue to fluctuate as buyers and sellers battle it out, as the market seeks to stabilize. The losses in the aftermath of the OPEC were exaggerated by the low holiday volume, and several dollars of losses were quickly recovered.… Read more
Energy OverView December 1, 2014
Oil prices have experienced an epic collapse. The fallout from the OPEC meeting is still being felt, and WTI oil prices fell below $64 for a time overnight. Some of the overnight declines are associated with the lackluster China manufacturing data, but it remains a supply story overall.… Read more