Crude Volatile Near Term, Prospects Improve Long Term 08-25-16

Crude oil stocks this week again continued to show a mixed picture after a surprise surplus sent prices tumbling in the early morning. Last week exactly the opposite occurred,  when an unexpected decline in inventories sent prices to the highest levels since early July. With today’s slight improvement in prices again to correct for the sell off yesterday, increasingly it looks clear to long-term minded investors that current prices do not reflect longer term fundamentals. Read more about Crude Volatile Near Term, Prospects Improve Long Term 08-25-16

Oil Halts Slide, Points to Strengthening Market 08-18-16

After breaking through $40 just earlier this month, oil has been on another tear upward that brings WTI back within striking distance of the YTD high above $50 per barrel. While the prospect of increased U.S. production drove prices down from their mid-June levels, renewed anticipation of an OPEC production freeze has driven prices up again. Specifically, Energy Ministers from both Russia and Saudi Arabia, two of the largest producers, have hinted at opening up talks again after the discussions stalled in April without any definitive agreement put into place. Read more about Oil Halts Slide, Points to Strengthening Market 08-18-16

Oil Stays in Range 08-11-16

After a downward slide oil is again showing signs of life having rebounded quite well from the brief dip under $39 per barrel in early August. By maintaining this trading range we feel reasonably confident that oil and the market will not see another mid-Summer crash like we saw last year. Read more about Oil Stays in Range 08-11-16

Stability is Key 08-04-16

This is an issue week as we published the July issue of Leeb’s Real World Investing on Monday. As such our update today will be more brief than usual.   Read more about Stability is Key 08-04-16

Oil Prepares to Test $40 07-28-16

In recent weekly updates we have discussed the prevalence of short-term trends in the oil markets that are putting further pressure on the rally that lasted from mid-February through June. Since setting a year to date high at $51 dollars per barrel in June, oil has been on a steady decline, finally slipping past the $45 support last week. Read more about Oil Prepares to Test $40 07-28-16

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