Wednesday, February 23, 2011 2:17:24 AM
Impact of Oil Prices
Energy Price Charts:
http://www.indexmundi.com/commodities/?commodity=natural-gas&months=60
The Battle between North Sea Brent and West Texas Crude:
North Sea Brent, which trades in London, closed at $105.78 today and at its highest level since late 2008. In stark contrast, West Texas Intermediate crude closed at $93.5 – widening the discount between the contracts to a near record of $12.28 a barrel.
Part of the explanation lies in rising inventories of oil in Cushing, Oklahoma, where U.S. oil storage facilities are based. Inventories have been rising steadily in the United States; and until Egypt’s Black Swan event last month which shocked the oil markets, West Texas crude was in a steady decline since mid-January.
Not all oil markets are the same. Increasingly, it seems that North Sea Brent oil is more representative of the true state of the global oil market. Investors should tread carefully if looking for oil-based index funds. They’re not created equally.
http://roseman.sovereignsociety.com/2011/01/31/the-battle-between-north-sea-brent-and-west-texas-crude/
Transportation Sectors:
Oil Refiners:
Oil Integrated Companies:
Energy Price Charts:
http://www.indexmundi.com/commodities/?commodity=natural-gas&months=60
The Battle between North Sea Brent and West Texas Crude:
North Sea Brent, which trades in London, closed at $105.78 today and at its highest level since late 2008. In stark contrast, West Texas Intermediate crude closed at $93.5 – widening the discount between the contracts to a near record of $12.28 a barrel.
Part of the explanation lies in rising inventories of oil in Cushing, Oklahoma, where U.S. oil storage facilities are based. Inventories have been rising steadily in the United States; and until Egypt’s Black Swan event last month which shocked the oil markets, West Texas crude was in a steady decline since mid-January.
Not all oil markets are the same. Increasingly, it seems that North Sea Brent oil is more representative of the true state of the global oil market. Investors should tread carefully if looking for oil-based index funds. They’re not created equally.
http://roseman.sovereignsociety.com/2011/01/31/the-battle-between-north-sea-brent-and-west-texas-crude/
Transportation Sectors:
Oil Refiners:
Oil Integrated Companies:
My post is for my own entertainment, do your own DD
before pushing your buy/sell buttons
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