Category: Crude Oil

USO Investors — Beware of The Contango!

USO WTI 2008

The current low oil prices have raised the interest of some investors to go long on oil in the hopes that prices will eventually recover to their levels recorded in the past couple of years. For those who consider taking…

Financial Market Forecast for December 22-26

This high volatility in the past few days is likely to wind down this week as the holiday season is upon us. Nonetheless, several key economic reports are expected to be released in the first few days of the week…

What Is Keeping Down Oil Prices?

The ongoing weakness in the oil market made me examine again the recent developments in the oil market. Some analysts suggest the growing U.S. production is the driving force behind the fall in oil prices. But I still think that…

Financial Market Forecast for December 15-19

The U.S. dollar huge sell-offs, precious metals recovered and crude oil resumed its downward trend. The high volatility is likely to continue this week as the last FOMC meeting will unfold. This time, the FOMC meeting will include an update…

Financial Market Forecast for December 8 -12

The recent NFP payroll report showed a higher than expected gain of 321K jobs in November. This news was enough to bring down gold and silver and pull back up U.S. dollar against the yen and Aussie dollar.  Looking forward,…

The Oil Market Continues to Loosen

The price of oil tumbled down last week to the mid 60’s and remained at this level since then. OPEC’s decision to keep its quota unchanged has fueled this plunge in prices. But the main issue will also remain the…