Tag Archives: bottoming

OIl still bottoming Ho hum

Oil still bottoming Ho hum

It seems I will stuck with Canadian plays due to the weak Canadian dollar

July 20 — Pira Energy Group Chairman Gary Ross discusses factors impacting the oil market including ISIS and Iran. He speaks with Jonathan Ferro on Bloomberg Television’s “On The Move.”

The oil guru who predicted last year’s rout said $100-a-barrel crude is likely to return within five years as faltering supply fails to meet demand.

To read the entire article, go to http://bloom.bg/1VleK9g

 

U.S. oil fell below $50 a barrel and gold traded near a five-year low after a selloff that’s seen commodities slide to the lowest in 13 years. The dollar held gains, while most Asian shares climbed.

To read the entire article, go to http://bloom.bg/1Gx73lh

 

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Oil bottoming trading alert?

Oil bottoming trading alert?

I think this is what we have been waiting for over the last few months

From Bloomberg, Apr 5, 2015, 9:48:31 AM

Global crude use is improving, and Saudi Arabia can meet demand from any customer, Oil Minister Ali al-Naimi said at a conference in Riyadh on March 23. Photographer: Vladimir Weiss/Bloomberg

Saudi Arabia, the world’s largest crude exporter, raised pricing for all May sales to Asia, after the country’s oil minister said global demand was improving.

To read the entire article, go to http://bloom.bg/1MTLQva

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NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!