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By Frank Holmes |
January 5, 2012
In 2011, oil was one of the top performing commodities among those we track, with Brent rising more than 13%. Geopolitical risk and unexpected non-OPEC supply losses caused oil to rise significantly.
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By Jason Simpkins |
December 21, 2011
This was an up-and-down year for oil prices, but don't expect that pattern to repeat in 2012. No, next year, the trajectory for oil prices will be far more linear - and it's pointed up. In fact, we could even see $150 oil by mid-summer.
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By Frank Holmes |
November 14, 2011
Oil prices rose about 5% last week to finish only a dollar short of regaining triple-digit status. Since dipping below $80 per barrel on Oct. 3, West Texas Intermediate (WTI) prices have increased almost 28%.
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By Frank Holmes |
July 22, 2011
This year has been eventful for the oil patch. Natural disasters, revolutions, terrorist attacks and political maneuvering kept oil bouncing around $100 per barrel and 3.8% higher on the year at the end of June.
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By Frank Holmes |
March 24, 2011
Oil transport is specifically susceptible to piracy because about one-half of total production is moved by tankers on fixed maritime routes. The piracy surcharge tacks on $800,000 to a 2 million barrel supertanker's total shipping cost.
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By Frank Holmes |
March 8, 2011
March Madness is still a few weeks away for college basketball fans but the madness of March is in full swing for the oil sector. Turmoil in the Middle East sent oil prices up more than 6% last week and seasonal factors are also in play.
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By Frank Holmes |
December 7, 2010
Lost in the shuffle of the European debt woes, a second round of quantitative easing and gold's record run has been the resurgence in global demand for oil.
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By Frank Holmes |
February 3, 2010
One more measure of China's growing global clout - so much Saudi oil is flowing China's way that it may soon replace the U.S. as the leading market for the world's largest oil exporter.
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By Frank Holmes |
January 25, 2010
The biggest emerging economies have ambitious plans that require a greater share of the world's limited commodities. The resulting disruptions to resource allocations present opportunities to traders.
