Tagged: oil

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As Oil Drops, Saudi Stocks…Soar?

by Dana Lyons Despite the rout in oil prices, the technical setup of the Saudi Arabian stock market (again) correctly foretold a rally. Last September, we wrote a post focused on the Saudi Arabian stock...

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Oil It Very Critical Level Here…

by Chris Oil is right at a pretty serious level of support…but if it loses this…then, yes, $30’s here we come. Why might oil fall further? Because the world is swimming in it right...

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PetroChina Cuts Fuel Oil Floating Storage

By Irina Slav PetroChina and trader Mercuria have sold off half of the fuel oil they had in floating storage off the coasts of Singapore and Malaysia on strong demand, according to traders quoted by...

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It’s Not Just Oil Prices Deflating

by Dana Lyons The drop in oil prices has gotten most of the attention, but commodities across the board have been selling off. With prices down over 20% the first half of this year, much...