Crude Oil Trading May 2008
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Quick and simple answers to the most common Brent Crude Oil / Nymex Crude Oil trading questions:
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Crude Oil Spread Trading
A regular Crude Oil spread trading update by Simon Denham of Capital Spreads. For the latest Crude Oil spread trading update, click here.
Crude Oil Spread Betting, 9 May 08
Markets continue to look buoyant in the UK as the effects of Oil and Mining bolster their respective sectors.
All the news on oil is bad and getting worse so the price just continues higher. Short term impacts are all bearish on supply and therefore bullish on price. At some point the pendulum will swing the other way but probably not today. New supply takes years not days. Whilst virtually all reserves are economically extractable at the current price not many producers will risk the vast costs involved on a short term price surge.
Crude Oil Spread Betting, 8 May 08
Crude Oil...err...is opening at the highs today...but who knows?
Crude Oil Spread Betting, 7 May 08
Crude Oil will do whatever...it is up 50 cents already this morning...
For a new Feature on Oil and the possible $200 mark read: Spread Betting on Crude Oil Prices and UBS.
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Crude Oil Spread Betting, 6 May 08
Markets today are likely to be on the up, initially, as crude oil and gold continue to bolster the Mining and Oil sector and, rather more cruelly, continue to squeeze those who have shorted the market. As mentioned last week the contraction of the FTSE over the previous weeks trading was a sure sign of a break out coming. That the break out was, on a probability basis, more likely to be to the upside than down. Clients continued to sell any price above 6100 and were unfortunately caught out by the sharp shift on Friday as the pre-bank holiday activity saw traders tighten the screw on anyone trying to set up shorts.
Crude Oil Spread Betting, 5 May 08
No comment from Simon today but looking at the crude oil spread betting market last week Crude Oil touched a new high on Monday as worries over disruption to supplies continued. But the stronger Dollar hit commodity prices, sending Brent Crude Oil a couple of Dollars lower on the week, at $114.56.
Crude Oil Spread Betting, 2 May 08
The mining sector could also provide support this morning with it benefiting from an upgrade by Goldman Sachs. However, after the initial positive start this morning, markets are expected to remain quiet ahead of the very important non-farm payroll figures due out from the US at 13h30 London time. 80,000 jobs are expected to have been lost in April, the same as in March and bulls will be hoping for a better figure than this. In the past, a better than expected result has often led to equity prices falling as investors worried that the economy was strong enough to warrant increases in interest rates. However this time round it’s slightly different as rises in interest rates are highly unlikely any time soon. Anything nearer the 0 mark for today’s non-farm payroll figure could cause a frenzy of buying in a US equity market that currently seems to be defying gravity. However, there is still risk to the US labour market with job losses over the past month having come from a range of industries including business, retail and in particular finance.
Crude Oil Spread Betting, 1 May 08
Crude Oil followed through the fall from $120 with another drop yesterday taking us to just above the $113 mark. However the open this morning is taking much of this back and the Nymex June contract is opening $1.20 higher with the Nymex spread at $114.55 - $114.61. US inventories showed a solid increase which helped the drop but actual fundamentals appear to mean very little at the moment in the scramble to secure future energy supplies.
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Crude Oil Spread Betting, 30 Apr 08
Mining stocks may be weaker on the off with BHP and Rio trading some 3% down in Australian markets. Oil is now all the way down at ‘just’ $113 for the June Brent Crude contract, some $4 from the highs, but I do not get the impression that this is a concerted sell off just yet. It is more probably along the lines of a pause for breath. If the weakness continues over a couple of days then we may find that the sentiment turns sharply but until this happens I am afraid that peak oil looks here to stay.
Crude Oil Spread Betting, 29 Apr 08
The markets today look to be going over the same ground as yesterday with the pound dropping back to yesterday mornings level around £1.9800 and Gold and Oil reversing some of the recent gains.
Crude Oil Spread Betting - BP update
Corporate results yesterday and this morning have rather flown in the face of perceived wisdom with retailers such as Game Group’s profits doubling (obviously the last thing to be cut out of consumer spending is Johnny’s new computer game) and BP (maybe not so startlingly) reporting a 63% increase in net revenue. BP and Shell have both struggled to turn the huge oil price rises into profit as most of the revenue earned from the actual sale of the Black Stuff goes into the coffers of the State from which the crude oil is extracted.
As the price goes up so the revenue share of the Oil company increases but only marginally. Also on the rise though are the costs of getting the stuff out of the ground and the taxes demanded by the Treasury. Therefore so the apparent embarrassment of riches never seems to actually arrive and BP’s share price is lower than at the start of the year.
BP’s numbers were struck when oil was at an average, for Q1 2008, of well below $100. Q2 will see (probably) an average substantially higher than this.
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Crude Oil Spread Betting, 28 Apr 08
With the Grangemouth problem reaching its zenith the price of Brent Crude Oil has spiked to $117.50 but this may be an example of ‘buy the rumour’-‘sell the fact’. Many factors are driving the price of oil higher but many of them are temporary, there is a good chance that there will be a spike move higher to take out weak shorts in the near future but that this may well indicate the highs.
Risk Warning: Spread betting carries a high level of risk to your capital. You may lose more than your initial investment. It may not be suitable for all investors. Only speculate with money that you can afford to lose. Please ensure you fully understand the risks involved and seek independent financial advice where necessary.
'Crude Oil Trading May 2008' by DB, updated 09-May-08
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Crude Oil Spread Trading July 2008, updated 01-Aug-08
Oil market news: Crude Oil also reversed its previous falls and the $121 level identified many weeks ago as the short term target for any reversal has now proved to be...read article.
Crude Oil Spread Betting July 2008, updated 18-Jul-08
Oil market news: Punters watched in surprise as the USD forex gyrations finally impacted on the crude oil price as even a small retracement in the dollar weakness caused a massive...read article.
Crude Oil Financial Spread Bet July 2008, updated 04-Jul-08
Crude Oil market news: Despite all the talk from our political leaders about taking action over high oil prices it is not stopping the bulls from setting their sights on the next big oil target...read article.
Crude Oil Financial Spread Trading June 2008, updated 20-Jun-08
Crude Oil market news: Oil had yet another go at the highs yesterday making it nine times in the last ten trading sessions that there has been an effort to close above $137 in the front month contract whilst at the same time there have been five failed attempts to get below...read article.
Crude Oil Financial Spread Betting June 2008, updated 06-Jun-08
Crude Oil market news: Oil broke below the $126 support level I mentioned a few days ago and has fulfilled the prediction made at the time of following through on any break. This morning we are way down with the Brent Crude Oil spread at only $121.70...read article.
Crude Oil Spread Bet May 2008, updated 23-May-08
Crude Oil market news: Dealers bought Crude Oil heavily after the US inventory numbers showed a surprise drop last week, although it has to be said that the inventories had been rising for months. The squeeze in the markets since the end of March is actually...read article.
Crude Oil Trading May 2008, updated 09-May-08
Crude Oil market news: All the news on oil is bad and getting worse so the price just continues higher. Short term impacts are all bearish on supply and therefore bullish on price. At some point the pendulum will swing the other way but probably not today. New supply takes years not...read article.
Crude Oil Trading April 2008, updated 25-Apr-08
Crude Oil market news: Brent Crude Oil is now at $116.50 (another all time high) but we will need to get through the $116.70 level which has been something of a barrier for the last three days. There was an attempt at a small pull back yesterday, as there have been on odd occasions over the past three weeks, but once more the buyers...read article.
Crude Oil Spread Bets April 2008, updated 11-Apr-08
Crude Oil market update: Crude Oil had a pretty solid down day falling $3.50 and this was after rallying over a dollar and half at the start of trading and gave a total range of six bucks. Over the past two weeks there have been three big falls of this nature and whilst the ensuing bounces have...read article.
Crude Oil March Spread Trading, updated 28-Mar-08
Crude Oil markets: Crude Oil regained much of its losses, with an attack on pipes in southern Iraq providing some support. Brent Crude Oil closed at $103.5...read article.
Crude Oil March Spread Betting, updated 14-Mar-08
Crude Oil market information: The Brent Crude Oil spread is now at $104.96 - $105.01 down a bit from last nights close but not particularly violent in early action. Yesterday 50 cent ranges came and...read article.
Crude Oil February Spread Trading, updated 29-Feb-08
Crude Oil market information: Crude Oil has given up on the $100 level rather easily and it appears that the $99.50 level is rather more significant from a support/resistance level. It took quite a few goes to break above this level and we have bounced quite violently...read article.
Real-time Crude Oil Prices and Charts, updated 15-Feb-08
Crude Oil pricing information: Oil continues to rush around. My hope is that, with winter out of the way and a, possibly, slower world growth scenario, we might draw back from the brink of permanently higher prices. In two and a half trading sessions March Brent Crude Oil managed to...read article.
UK Crude Oil Spread Trading, updated 01-Feb-08
UK Crude Oil Spread Trading: Crude Oil is also stuck at around current levels with Brent Crude Oil March spread at $92.20-$92.25. The attempt to the downside yesterday was...read article.
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The Brent Crude Oil price had been dropping since it the price reached a high of $78.12 dollars per barrel on 1 August. Then since 8 August the price has been fairly steady. Today it hit a high of $71.90 and a low of $69.03 before closing at $69.73. Falling financial markets will...read article.
Financial Spread Trade on Brent Crude Oil - Commodities Spread Betting, updated 08-Aug-07
Rumours around the Oil Market including, price corrections, high prices and OPEC increasing its oil exploration programme continue. Brent Crude has risen from around $55 dollars in January, to the $67 dollar mark in April to the current price of circa...read article.
Crude Oil Spread Betting, updated 21-Sep-07
With Crude Oil prices staying high the oil companies have seen their value increasing. (Reportedly) Good stock levels and Crude Oil hitting the $80 mark has pushed up the shares in a number firms in the energies markets. That increase has been helped by Goldman Sachs still forecasting the continuation of high oil prices...read article.
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