Commodity markets saw mixed results this week,
with oil futures easing off yearly highs.
With oil futures prices rising — in expectation of decreased production, therefore presumably increasing prices — the cycle between low and high oil prices gets closer to a theoretical if unachievable equilibrium.
Commodity markets saw mixed results this week,
with oil futures easing off yearly highs.
Not exact matches
Yet
with global growth declining,
oil inventory at record levels, and momentum on the side of increasingly cost - competitive renewable energy technologies, there remains a high possibility the energy sector will face another existential crisis in the near
future.
Wall Street stock
futures are opening lower
with continued jitters in media and energy stocks after dispiriting news from earnings season and from the crude
oil market this week.
Also, notwithstanding a silly fiscal policy and the ongoing political impasse, the U.S. economy has some very good things going for it now, as even king of doom, Nouriel Roubini, couldn't help but note: the Fed is going to stick to its asset - buying regime for the foreseeable
future, providing a monetary protein shake the recovery still very much needs; the housing rebound is well on its way, which is helping Americans rebuild their wealth and is boosting employment in many states
with high jobless rates; and the shale
oil and gas revolution continues to power investment, job creation and revenue growth.
The Panel excluded any discussion of the environmental impacts of
oil sands development, although they did allow the consideration of increased
oil prices generated by the pipeline on the taxes and royalties associated
with forecast
future oil sands production.
The
Futures Now team discusses
oil production and energy prices,
with Anthony Grisanti, GRZ Energy, and Brian Stutland, Equity Armor Investments.
Zev Spiro, Orips Research, discusses key levels in the
oil market
with CNBC's Jackie DeAngelis and the «
Futures Now» traders Bob Iaccino, Path Trading Partners, and Scott Nations, NationsShares.
It's even what the
oil companies want, for heaven's sake: Sustainable Prosperity, an Ottawa - based think - tank, recently surveyed 10 major energy companies, including Shell and Suncor, and found all of them were already incorporating a «shadow carbon price» into their decision - making, under the assumption they will contend
with such regimes in the near
future.
The
Futures Now team discusses the
oil market following the inventory report,
with Scott Nations, NationShares, and Bob Iaccino, Path Trading Partners.
The «
Futures Now» traders, Anthony Grisanti from the NYMEX and Jeff Kilburg at the CME, discuss crude
oil with Jackie DeAngelis.
Helima Croft, RBC Capital Markets, discusses moves in the
oil market
with CNBC's Jackie DeAngelis and the «
Futures Now» traders, Brian Stutland, Equity Armor Investments, and Jeff Kilburg, KKM Financial.
The
Futures Now team discusses the crude
oil trade,
with Jeff Kilburg, KKM Financial, and Jim Iuorio, TJM Institutional Services.
The
Futures Now team discusses
oil prices spiking despite a bearish inventory report,
with Anthony Grisanti, GRZ Energy, and Scott Nations, Nationsshares.
The
Futures Now team discusses the
oil market
with Jim Iuorio, Managing Director at TJM Institutional Services and Jeff Kilburg, Founder & CEO at KKM Financial.
The
Futures Now team discusses how high
oil can go,
with Brian Stutland, Equity Armor Investments, and Jim Iuorio, TJM Institutional Services.
The
oil market remains in what's known as contango —
with the
future price of crude trading at a higher level than today's spot price.
CNBC's Jackie DeAngelis discusses crude
oil's 2.5 - week low from the commodities desk
with the «
Futures Now» traders.
The
Futures Now team discusses the
oil market,
with Jeff Kilburg, KKM Financial, and Brian Stutland, Equity Armor Investments.
CNBC's Jackie DeAngelis discusses crude
oil breaking above its high
with the «
Futures Now» traders.
Since July,
oil prices have fallen significantly, and
with them the revenue earned or expected from
oil sands projects, present and
future.
The
Futures Now team discusses what's taking
oil prices higher,
with Scott Nations, NationsShares CIO, and Brian Stutland, Equity Armor CIO.
The
Futures Now team discusses crude
oil on the move,
with Jim Iuorio, TJM Institutional Services, and Jeff Killburg, KKM Financial.
Oil prices eased from recent highs
with Brent crude
futures off 94 cents at $ 73.70 a barrel, while U.S. crude lost 67 cents to $ 67.43.
In September, the U.S. Commodity
Futures Trading Commission (CFTC) said that bitcoin would be classed as a commodity in the country along
with gold and
oil.
Crude
oil prices fluctuated,
with WTI crude
oil futures ranging between $ 44 and $ 49 per barrel and Brent crude
oil prices ranging from $ 50 to $ 54 per barrel.
Oil prices dropped more than 3 % but later recovered somewhat,
with Brent crude
futures 0.6 % lower at $ 125.2 while US crude was down 0.4 % at $ 113.46 a barrel.
The Bank of Canada reported Monday that business sentiment for
future sales growth remained «weak» in the second quarter as Canada's energy industry struggled
with an
oil shock.
Oil prices rose on a drop in supply of 1.1 million barrels,
with West Texas Intermediate
futures jumping to $ 68.47 per barrel, a three - year high.
The Canada Pension Plan Investment Board was busy acquiring everything from real estate to power,
oil and gas, and
future royalties in a cancer drug, Venetoclax, while the Caisse de dépôt et placement du Québec joined forces
with Suez to buy General Electric Co.'s water and process technologies business for US$ 3.4 billion.
The
future of the
oil sands lies
with the growth of
oil demand in Asian markets, not in American ones.
China has become the world's largest
oil importer, and despite establishing the largely successful yuan - denominated
oil futures, Beijing will have to grapple
with an overlooked geopolitical and economic consequence as Continue Reading
With OPEC tapped out, where will China find the
oil to power
future economic growth?
«Let's collaborate to connect tomorrow's WBE innovators
with today's leading corporations, better positioning suppliers to develop solutions for
future industry challenges,» said Debra C. Stewart, Director, Supplier Diversity & Diversity Outreach, Shell
Oil Company.
The risks associated
with future toxic waste from the
oil sands are, in some ways, more worrying than the much more widely known global warming ones.
Oil prices inched higher
with Brent crude
futures up 3 cents to $ 73.38 a barrel, while U.S. crude added 10 cent to $ 68.04.
Implementing (another nascent trend) better economic policy in key emerging economies (China, India) as well as key developed economies (eurozone, Japan)
with at least the possibility of
future breakthroughs in U.S. economic policy (immigration,
oil exports, trade promotion authority).
For example, you could purchase a
futures contract to buy
oil at $ 95 per barrel
with a delivery date three months from now.
With managed decline rates of roughly 4 % — 5 % in the existing
oil wells and declining industry investment, we think it's inevitable that
oil supply and demand will come back into balance at some point in the
future.
Anybody
with the right type of broker can buy
oil futures.
The tax selling and deterioration of
oil futures combined to escalate the general sell - off in commodities and «it all started
with the
oil glut.»
While it's perfectly true that there isn't enough U.S. shale to flood the world
with oil, a lot of what there is is historically cheap to produce so as to give crude from the Middle East a real run for its money; and a solid proportion of that production has been sold forward at attractive levels in the
futures market ensuring financial stability for U.S. producers.
As managers, workers and investors try to ascertain their
future amid
oil price volatility, there are only two options; understand it or live
with it.
Henry Ford saw a
future where cars
with hemp - based plastic and fibre bodies would run on hemp
oil - based fuel.
In addition, a widely used measure of
future inflation based on US Treasury Inflation - Protected Securities, which had mirrored the slump in the price of
oil and had fallen to its lowest level since the global financial crisis by early February, rebounded in line
with the pickup in
oil prices.
For example, if a large speculator who was very bullish on
oil bid - up the price of the December - 2016
oil contract from $ 64 to $ 70, it would create an opportunity for other traders to lock - in a profit by purchasing physical
oil and selling the December - 2016
futures with the aim of delivering the
oil into the contracts late next year.
Though most of the explosion in the Bakken region is already played out, and though a large portion of the
oil workers in the region have already found permanent housing situations, I expect the growth in the Price / Book multiple coupled
with steady earnings (if not growing earnings) to secure the safety of this investment for the near
future.
For another example, if a large speculator who was very bearish on
oil aggressively short - sold the December - 2016
oil contract, driving its price down from $ 64 to $ 60, it would create an opportunity for other traders to lock - in a profit by selling physical
oil and buying the December - 2016
futures with the aim of eventually replacing what they had sold by exercising the
futures contracts.
It marks the first time overseas investors have been able to access a Chinese commodity market — an
oil futures contract — that can be settled, not only
with U.S. dollars, but also Chinese Yuan, eventually a basket of currencies... and gold.