Look at Oil & OIL Services which pulled back right into the 50-day in tight fashion... a logical area. Oil is making the shorts sweat. Chart of the Day : "One positive outcome of the financial crisis was that gasoline prices did plunge from their record highs down 60% peak to trough. ... Read more

The price of Crude Oil experienced a sharp decline in prices yesterday after a U.S. inventories report highlighted a sudden surge in energy supplies. While these reports may carry mixed messages about demand, supply, and growth expectations, the message yesterday was quite clear: dem ... Read th ... Read more

The last trade for the front month crude contract is today, and strange price fluctuations have often been cited as the contract nears closing.  Today oil is down over $2, in the past this kind of change might have been explained by traders going long and being forced out of their trade so as t ... Read more

Many analysts yesterday had anticipated a slight decline in the price of Crude Oil considering the recent strength in the USD brought on by last week’s employment data. However, oil prices surprised many traders today as the price continued to climb above $70 a barrel to hit a 7-m ... Read the ... Read more

As noted recently, INO's MarketClub did a masterful job in selling crude near the top and patiently remaining out of the thing until they got a green buy triangle. If I were a trading system user, it would have saved me some ill fated bottom fishing exercise. They are bullish on crude now and correl ... Read more

Today is the first day of reporting for the new crude oil price assessment announced earlier this month by Platts. The new marker has already had its name changed from Americas Sour Marker to Americas Crude Marker (ACM). The marker reflects the price of sour crude in the Gulf Coast region. The ... Read more

By Joseph Lazzaro for DailyFinance.com So much for that nascent oil rally. In this oil market, the bears rule. True, the bulls have their moments, but these are fleeting, like that proverbial church mouse that sneaks out for a peak from time to time, only to be chased back into its hole by the ... Read more

I had a hunch that this was coming, I just wasn’t sure when.  Provident Energy (PVX) cut its distribution to $0.06 CAD or roughly $0.05 USD per share. Naturally this is due to deflated crude oil prices, and a less than appealing outlook on the commodity price ... Read the full post ... Read more

The price of Crude Oil completed an Elliott 5 Wave pattern which began with the low in late 1998 and ended with the peak in July of 2008.  Meanwhile the price of Crude Oil has now dropped back to its longer term 78.6% Retracement Level near the $40 level which could act as support.& ... Read more