Morgan Stanley’s warning that production from the new wells being drilled could prompt a reversal of forecasts that U.S. crude production is falling and will continue to fall.
Crude oil Mining News
Consumer-facing financial technology companies may benefit from lower prices at the pump, while certain business development companies have come under pressure as the energy sector suffers.
Volumes remain high in the bullion markets and volatility is higher if anything.
As most of you probably know, I have been expecting the CRB to form a major three year cycle low sometime next summer. However I’m now starting to see some things that might indicate that major cycle bottom is going to occur earlier than I expected.
The price of light crude oil recently broke through the $100.00-per-barrel mark for the first time this year.
In a country that celebrates “Oil Industry Nationalization Day,” the energy package approved last night has automatically become Mexico’s most significant and controversial economic reform since the NAFTA.
Likely to open up the country’s oil industry to private investment for the first time in 75 years.
The good news was that our short trade on the equities market was up 10% from our entry point last week. The bad news was that the stock market overseas was selling off big and so were US stocks. It was a black Monday in both the sky and on the screen…