Crude Oil

Crude oil is a naturally occurring, unrefined petroleum product, formed from the remains of small animals and plants found at the bottom of the ocean. Over time and under increased pressure and temperature, the remains of these organisms are covered by mud and hardened into rock.

Crude oil is currently used as gasoline, diesel, heating oil (to heat buildings), and other forms of petrochemicals. They’re a great source of fuel, but our resources are limited — they will, and are, running out.

Our heavy reliance on these fossil fuels is also controversial politically because of their environmental impacts.

Nevertheless, the oil market tends to go through cycles of value, so timing an investment where you buy in low and sell high could prove beneficial for your investment portfolio.

There are many ways to invest in crude oil. You can invest directly in oil as a commodity, or indirectly in ownership of energy-related equities. The United States, Saudi Arabia, and Russia are the leading producers of oil in the world. The price of crude oil is generally volatile and subject to various economic situations.

You can read more about the energy source below, where we keep you up to date with all the current news and events regarding crude oil.

The Supply Glut is To Blame for Tumbling Crude Prices

The US, Russia, and Saudi Arabia now pump more oil than the 15 member OPEC block combined. And as Bloomberg reported this week, new pipelines in the oil rich US’ Permian Basin are scheduled to deliver an extra two million barrels of oil per day to the Gulf Coast within 18 months.

Oil Producers Set to Sink, Here’s Why

Overnight, US markets were belted with the S&P 500 slipping 3.3%, its biggest fall since 8 February 2018. The Dow Jones Industrial Average also copped a beating, losing 3.1%, also its biggest fall since 8 February 2018. There is a sense of frustration this morning as there is little agreement as to what comes next.

Why Crude Oil is Set to Turnaround

Some people believe crude will march to higher prices. Others say it’s overpriced… It’s tough to know who’s right. But, objectively speaking, the sector remains broadly ‘hated’ by the market. 

What to Watch for with Aussie Dollar Gold

Today, I’ll take a look at the Aussie dollar gold price, which adjusts for the difference between the US and Aussie dollar exchange rate. This is a far more important price to watch for Aussie gold stock investors.

What Is Going on With the Oil Price?

Oil market has become a crowded trade. Any correction in the oil price could see a swag of hedge funds selling to lock in profits. And that is what we saw this week as oil had its biggest price drop in more than two years.

88 Energy Share Price Rises due to Icewine Project

Project Icewine — an Alaskan-based 3D seismic survey extending to 450 kilometres —had been finalised back in April, and remains on schedule for the rest of the year. The project’s contents and accessibility have now been properly analysed by head office, and further contracts have been set.

Watch These Two Chinese Economic Indicators

Amongst all the panic and hand-wringing over what the volatility of the past week means, we haven’t heard much about China. Which is kind of crucial, especially for Australia. Put simply (and accurately) if China holds up, Australia will be fine. So, is China holding up?

Oil Price Shows the Global Economy is Strong

Markets make opinions, goes the old saying. Nowhere is that more true than in the oil market right now. More broadly, the rally in oil prices tells you the global economy is healthy. That should keep stocks moving higher in 2017.

Stealth Bull Market in Oil Continues

Oil was the big winner overnight. Brent crude jumped a massive 3.8% to around US$59 a barrel. Yet all I’ve heard over the past two months are bearish stories about the global oil glut and the unlimited production ability of US shale oil. That’s why I’ve been bullish on oil for sometime.
Money Morning Australia