Showing posts with label Nymex Crude Oil futures. Show all posts
Showing posts with label Nymex Crude Oil futures. Show all posts

Friday, April 24, 2020

Crude Oil Will Not Stay At Zero

You're already seeing bankruptcies, some shale producers in the United States have declared bankruptcy and some drilling companies, so it's happening.

What happened last night was an aberration (crude going negative in price). I don't think you'll see another one like that. You know, the June contract is over 20 in Europe oil is over 20. So, I don't think that crude oil is gonna stay at zero. It was only one night for one special reason.

Tuesday, December 11, 2018

Commodities Will Outperform Stocks Going Forward

Jim Rogers explained to Commodity Trade Mantra the reasons why he thinks commodities will likely perform better than stocks in the future. You can read the article here: Commodities Are Going To Do Better Than Stocks – Write It Down Says Jim Rogers

Related trading instruments: 

  • PowerShares DB Agriculture Fund (DBA)
  • United States Oil Fund LP ETF (USO)
  • Nymex Copper Futures
  • Nymex Crude Oil futures



Thursday, February 15, 2018

Crude Oil: Higher Prices in 2019, 2020

Crude Oil is in the process of making a complicated bottom. Eventually we will see higher prices, maybe in 2019 or in 2020.

Related trading instruments: 

  • Energy Select Sector SPDR ETF (XLE)
  • Nymex Crude Oil futures

Monday, January 29, 2018

Crude Oil: Price Outlook, Fracking

In my view, crude oil is making a bottom. It's a complicated bottom. We will look back someday and say, in 2014-2018 crude oil made its bottom. Known reserves of oil everywhere continue to decline except for fracking but the fracking bubble burst a few years ago. 

Now people know that fracking is not magic and that people can lose money in fracking. (Nymex Crude Oil futures, Energy Select Sector SPDR ETF (XLE), Exxon Mobil (XOM), Marathon Oil (MRO), ConocoPhillips (COP))

Monday, October 30, 2017

A New Asia-based Crude Oil Benchmark

Read Jim Rogers’ latest interview with RT.com here.

Jim discussed several topics including how China, Russia and Iran are planning to move away from the U.S. Dollar creating a new Asia-based crude oil benchmark to compete with Brent or West Texas Intermediate futures. 

Related trading instruments: United States Oil Fund LP ETF (USO), Nymex Crude Oil futures, Energy Select Sector SPDR ETF (XLE)

Wednesday, May 17, 2017

These Commodities Are Bottoming

Agriculture, oil and base metals are in the process of making a bottom. We will all look back in a few years and say, "what a good opportunity that was." (PowerShares DB Agriculture Fund (DBA), Nymex Copper Futures, Nymex Crude Oil futures, United States Oil Fund LP ETF (USO))

Friday, March 31, 2017

If This Scenario Unfolds, The British Pound Can Crash To $0.80

If Scotland leaves the United Kingdom, the British Pound can go to $0.80. The Scots have a lot of Oil and if they leave they are going to take the oil with them. (Nymex Crude Oil futures, United States Oil Fund LP ETF (USO), British Pound Futures)

Monday, February 6, 2017

Commodities: A Big Opportunity

Commodities are bottoming, especially agriculture. Base metals are in the process of making a bottom. In a few years, we are going to look back and say, "What an opportunity that was!" (PowerShares DB Agriculture Fund (DBA), Nymex Copper Futures, Nymex Crude Oil futures, United States Oil Fund LP ETF (USO))

Friday, February 3, 2017

Crude Oil: Expecting a 40-60 Dollars a Barrel Range

My view is that Oil is making a complicated bottom. I do not think we have seen the low for this year yet. I am not even sure what the low will be. A range of 30 to 60 dollars a barrel, or 40 to 60, something like that. (Nymex Crude Oil futures, United States Oil Fund LP ETF (USO))

Monday, January 23, 2017

Commodities: Crude Oil

Crude oil is in the process of making a complicated bottom. We will look back some day and we will say, "In 2015, 2016 or 2017 energy made its bottom and then prices moved higher." (Energy Select Sector SPDR ETF (XLE), United States Oil Fund LP ETF (USO), Nymex Crude Oil futures)

Thursday, December 8, 2016

The Fundamentals For Crude Oil Are Improving

The fundamentals for crude oil are improving. For example, Saudi Arabia has not found any major oil field for a long time. Other big oil producers like Iraq, Iran or Nigeria have not found a lot of oil too. Only the fracking companies have found a lot of oil but they cannot make any money if oil prices are low. (United States Oil Fund LP ETF (USO), Nymex Crude Oil futures, Energy Select Sector SPDR ETF (XLE))

Monday, December 5, 2016

Crude Oil Outlook: A Trading Range With Some Upside

I own some crude oil but I am not a good market timer or a good trader. My view is that we are in a complicated bottoming process that could last a couple of years. So far the trading range has been between 30 and 40 dollars a barrel, it will likely be a little bit more on the upside of that range. 60 dollars a barrel is not an unusual price for crude oil. (United States Oil Fund LP ETF (USO), Nymex Crude Oil futures, Marathon Oil (MRO), Exxon Mobil (XOM), Energy Select Sector SPDR ETF (XLE))

Thursday, December 1, 2016

The OPEC Cut: What's Ahead For Oil?

The OPEC cut announcement is not surprising to me but the key is to wait and see if they really do it. OPEC has made these kind of announcements for decades. Most have not really worked but this one is making crude oil go up and it will probably continue to do so. But what really matter is that crude oil fundamentals are continuing to improve. (Nymex Crude Oil futures, Energy Select Sector SPDR ETF (XLE), United States Oil Fund LP ETF (USO), Exxon Mobil (XOM), Marathon Oil (MRO), ConocoPhillips (COP))

Sunday, November 20, 2016

Crude Oil Will Trade Higher Over The Next Few Years

Crude Oil (United States Oil Fund LP ETF (USO), Nymex Crude Oil futures) will trade higher in price over the next couple of years.Right now it in the process of making a complicated bottom.

Saturday, November 19, 2016

Crude Oil Will Be Trading Higher In A Few Years

Crude Oil is making a bottom, it is in the complicated process of making a bottom. If we look back a few years from now we will say, Crude oil made its low in 2015 or 2016. Prices will be higher than they are now in a few years. (Nymex Crude Oil futures, United States Oil Fund LP ETF (USO), Energy Select Sector SPDR ETF (XLE))

Saturday, November 12, 2016

Crude Oil: Don't Pay Attention To What OPEC Says

I learned not to pay too much attention to what OPEC says it will do or not do. They certainly have been talking a lot. But the question with OPEC is that even when they agree on a production cut, than what happens there is always a country or two doing something else under the table, cheating the supply cut deal. If I were you I would certainly not pay too much attention to OPEC.

Right now, crude oil is making a base between 30 dollars a barrel and 55 dollars a barrel. (United States Oil Fund LP ETF (USO), Nymex Crude Oil futures, )

Thursday, September 1, 2016

Crude Oil Outlook

Crude Oil is in the process of making its bottom. It is a complicated bottom but yes, crude oil is making a bottom. I would not necessarely buy crude oil right now but in 2 or 3 years we will see that this was a bottoming pattern in oil. (United States Oil Fund LP ETF (USO), Nymex Crude Oil futures)

Jim Rogers is a legendary investor that co-founded the Quantum Fund and retired at age thirty-seven. He is the author of several investing books and also a renowned financial commentator worldwide famous for his contrarian views on financial markets.

Thursday, August 25, 2016

Alternative Energy Is Not Competitive

There is alternative energy but it is not very competitive if crude oil is at 50 dollars a barrel. Most alternative energy has to be subsidized by some government wether it is sun power, wind power, they are not great yet.

At 300 dollars a barrel for crude oil they will be very competitive but at the moment we have 50 dollar a barrel oil. (PowerShares WilderHill Clean Energy ETF (PBW), United States Oil Fund LP ETF (USO), Nymex Crude Oil futures)

Jim Rogers is a legendary investor that co-founded the Quantum Fund and retired at age thirty-seven. He is the author of several investing books and also a renowned financial commentator worldwide famous for his contrarian views on financial markets.

Wednesday, August 24, 2016

Crude Oil Prices Will Be Much Higher In 2 or 3 Years

Oil prices hit bottom a few months ago and now they are going up again because low prices bring high prices. Producers cut production, others go bankrupt and people consume more so prices go back up. Prices will be much higher in 2 or 3 years. (United States Oil Fund LP ETF (USO), Energy Select Sector SPDR ETF (XLE), Nymex Crude Oil futures, Exxon Mobil (XOM), Marathon Oil (MRO))

Jim Rogers is a legendary investor that co-founded the Quantum Fund and retired at age thirty-seven. He is the author of several investing books and also a renowned financial commentator worldwide famous for his contrarian views on financial markets.

Monday, May 16, 2016

Crude Oil: Know Reserves Have Been Declining

Know reserves of oil have been declining all over the world for several years except for fracking but fracking cannot make money , they need to have very high prices and of course fracking does not work everywhere. Unless something happens we are going to have a hydrocarbon crisis sometime in the next century. (Energy Select Sector SPDR ETF (XLE), United States Oil Fund LP ETF (USO), Nymex Crude Oil futures)

Jim Rogers is a legendary investor that co-founded the Quantum Fund and retired at age thirty-seven. He is the author of several investing books and also a renowned financial commentator worldwide famous for his contrarian views on financial markets.

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