Tag: Crude Oil

Today's Video Update: Great Britain Lost Its Last Great Leader Today

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Monday, the 8th of April.

The Amazing Iron Lady
As a former citizen of England, I was saddened to read news that Margaret Thatcher, one of the great leaders of the world, died today. The "Iron Lady," as she was nicknamed, really did change the world and the economy of Great Britain. The world needs more leaders like the late Maggie Thatcher, instead of the poll-driven, politically-correct-don't-offend-anyone types whose only mission is to stay in office at all costs! Margaret Thatcher was one-of-a-kind and you don't see that coming along every day in this leaderless world. Continue reading "Today's Video Update: Great Britain Lost Its Last Great Leader Today" →

Oil price rises to near $94 after sharp drop

Posted on by The INO.com Team

The price of oil rose to near $94 a barrel on Monday, rebounding after sharp losses last week that were due to concerns over abundant supplies and weak U.S. employment figures.

By early afternoon in Europe, benchmark oil for May delivery was up 97 cents to $93.67 a barrel in electronic trading on the New York Mercantile Exchange. The contract fell 56 cents on Friday and was down 5 percent from midweek.

The price of oil last week fell after a weak jobs report cast doubt on the strength of the U.S. economy. The Labor Department reported the economy added 88,000 jobs in March, the fewest in nine months. The slowdown may signal the economy will weaken this spring.

"The latest jobs data provide a useful reminder that this is still an uneven recovery in the U.S. economy," said Caroline Bain, commodities analyst at the Economist Intelligence Unit. Continue reading "Oil price rises to near $94 after sharp drop" →

Today's Video Update: Confidence Might Be Running Out Of The U.S. Economy

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Friday, the 5th of April.

Confidence Is a Fragile Entity
Confidence in sports, business and almost everything else in life is a very important element. The same can be said for confidence in the markets and in the economy. Today with the release of the non-farm payroll, confidence was badly shaken. The question becomes, with everyone who has a 401K program and who has made money in the last few years, will there be a rush to get out of the market with their profits?

After seeing the disappointing results of the non-farm payrolls report this morning, is Chairman Bernanke and the Fed going to keep their uncharted risky policy of pumping money into the system? With all of these uncertainties floating around in investors' heads today, I believe confidence is on the wane for any sustainable economic recovery that Washington was hoping for. Continue reading "Today's Video Update: Confidence Might Be Running Out Of The U.S. Economy" →

Today's Video Update: Facebook Is Coming Out With a Smartphone - Give Me a Break

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Thursday, the 4th of April.

FACEBOOK IS COMING OUT WITH A SMARTPHONE - GIVE ME A BREAK!
Is Facebook (FB) becoming irrelevant? Even Facebook said in its annual report back in February 2013 that “younger users” were engaging in other products “as a substitute for Facebook.” I can second that, as my children only use Facebook very occasionally. In fact, teens are really flocking to Twitter, Snapchat, WhatsApp, GroupMe and Kik, real-time messaging services that were born out of the mobile phone revolution. Is it all over for Facebook, or should you be in this stock at all? We will be looking at this market using our Trade Triangle technology to answer that question. Continue reading "Today's Video Update: Facebook Is Coming Out With a Smartphone - Give Me a Break" →

Bullish on Oil Prices? Two Reasons You Might Change Your Mind

Posted on by admin

The Energy Report: Marshall, before the Great Recession hit, we appeared to be on target for $150 per barrel ($150/bbl) Brent in mid-2008, and we were hearing forecasts of $200/bbl before the end of that year. But things have changed. I'd really like to get your fix on how you perceive energy markets have been altered over the past five years.

Marshall Adkins: For the oil market specifically, two massive structural changes have occurred since 2008. First, U.S. oil supply from horizontal drilling in tight shale formations has created a reversal of the four decade-long decline we've seen in U.S. oil production. When I say reversal, I'm not just talking a minor blip; I'm talking about erasing a 40-year decline within five years. This truly is a massive structural change to U.S. oil markets.

On top of that, in conjunction with the Great Recession, the world has figured out that there's too much debt, and most of the developed world is going through a deleveraging period. Historically, whenever you deleverage, you get subpar economic growth, and subpar oil demand growth. For the past five years, we've seen significantly lower demand growth for oil compared to the prior two decades. I expect that to continue, and I expect U.S. oil production to continue marching higher. Continue reading "Bullish on Oil Prices? Two Reasons You Might Change Your Mind" →