Month: December 2011

A move below 100.00, suggests that, for the moment anyway, market participants are taking Iran’s aggressive verbiage is so much bluster. Still, 100.00 continues to be pressed. No wonder that economists are predicting a 2012 average of 100.00-120.00 for WTI. The fulcrum of the oil price debate is divided between political and economics.… Read more

Right now it is all about Iran. The European conundrum has been crowded off the headlines as column inches become more and more…

Crude oil prices are holding near unchanged through lightly attended Asian and European sessions.

February’s first day as front month continued the upside momentum through yesterday’s NYMEX session…

Crude oil recovered almost $6.00 of recent losses yesterday and today. The rally that began yesterday…

Crude oil has recovered over $2.00 off recent lows. This correction is probably an expression of prudence consequent to discussions of possible sanctions on Iran.

Pessimistic sentiment was on the rise as the week closed with France being put on a negative credit watch

Despite a brief attempt at some upside action, crude oil finished lower again yesterday…

With prices below 100.00, participants are stating by consensus that recent steps…