Oil Tag

The Selloff In Oil/Oil Stocks is Buyable

25 May, by Bryce Coward, CFA in Markets, Portfolio Management

As we write, comments by officials in Saudi Arabia about possible OPEC production increases later this year have sent WTI crude oil futures down below $68.00/barrel (-4%), down from nearly $73/barrel just three days ago. Meanwhile, global energy stocks are lower by about -2% for...

Oil Is Breaking Out, So Are Inflation Expectations

19 Apr, by Bryce Coward, CFA in Markets, Portfolio Management

After spending the last four months consolidating gains, crude oil is breaking higher again, and it's taking inflation expectations with it (charts 1 & 2). The break higher in crude isn't surprising given that oil fundamentals haven't been this good in years. Neither is the...

Oil Market Fundamentals Haven’t Been This Strong in Years

03 Jan, by Bryce Coward, CFA in Economy, Markets

2018 has so far brought in the highest price of crude oil since late 2014 (chart 1), but we shouldn't be surprised by the price action. Indeed, ignoring geopolitics for a moment, the fundamental picture for the crude markets haven't been this favorable in years....

Oil is Breaking Out and Energy Stocks Have Lots of Upside

06 Nov, by Bryce Coward, CFA in Markets

As the famous Yogi Berra once said, "You can observe a lot just by watching". At the moment we are watching the price of oil break out of a trading range to the highest level in about 2.5 years. The "common knowledge" explanation for the...

Copper, Oil and Cyclicals All Turning Lower Right on Cue

30 Mar, by Bryce Coward, CFA in Markets

The impressive rallies of late in the industrial commodities could be nearing their end. Both copper and oil are bumping up against substantial resistance at their own 200-day moving averages that have acted to put a lid on previous rallies. Meanwhile, and not coincidentally, the...

China’s Economic Slowdown Starting to Affect its Neighbors

26 Jun, by Bryce Coward, CFA in Economy, Markets

The last few weeks has seen some notable weakness in a few economic indicators in peripheral Asian countries. We've noted the connection between falling Chinese industrial output and copper and oil prices for some time, but now the Chinese slowdown is being felt in things...

Can Crude and Copper Keep Rallying with China Slowing?

14 May, by Knowledge Leaders Team in Economy

Yesterday saw the monthly slue of Chinese economic stats and the key feature among them was the continued broad-based weakness. The weakness in some of these statistics has been so pronounced (some things like IP and retail sales are at levels near or below those...