oil prices

Oil Closes at Two-and-a-Half Year High

Posted on March 31st, 2011 in dollar, Federal Reserve, gas, gas prices, gasoline, India Shares, inthenews, Libya, middle east, oil, oil prices, OPEC, Saudi Arabia

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rising oil pricesThe conflict in Libya continues to spark concerns over possible supply problems, sending oil prices soaring over the past couple weeks and settling at a two-and-a-half year high this afternoon.

In addition to Libya, oil also got a push today from a falling U.S. dollar. The greenback was down in reaction to speculation the European Central Bank would be raising interest rates, to fight possible inflation.

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Oil Closes at Two-and-a-Half Year High originally appeared on BloggingStocks on Thu, 31 Mar 2011 18:00:00 EST. Please see our terms for use of feeds.

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Schlumberger Vectors Toward $100 a Share

Posted on March 06th, 2011 in BRAZIL, featured, India Shares, Middle East unrest, offshore drilling, oil prices, Schlumberger, slb

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Schlumberger (SLB) logoI first wrote about Schlumberger (SLB) here on May 6, 2009, at a price of $56.09. Shares of oil and natural gas servicer have jet-streamed toward major, psychological resistance at $100, easily clearing $90 on the way. It goes without saying that if you haven’t already, now would be a good time to consider taking some profits off the table.

However, those investors who can tolerate the risk can maintain their full position and go for an even bigger gain, as SLB will likely continue to head north.

Further, I’d raise the sell/stop loss to $68 from $63.

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Schlumberger Vectors Toward $100 a Share originally appeared on BloggingStocks on Sun, 06 Mar 2011 14:50:00 EST. Please see our terms for use of feeds.

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Oil and Natural Gas: The Anomaly Continues

Posted on March 01st, 2011 in India Shares, natural gas, natural gas prices, oil prices

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If, as an investor, you’re surprised by the ongoing anomaly in the oil/natural gas relationship, you’re not the only one.

The background: Oil historically trades at about 8 times the price of natural gas. Currently it’s trading at 25.8 times natural gas. About three months ago, the ratio was 20.

In late Tuesday afternoon trading, oil (West Texas Intermediate) was up $3.60 to $100.578 per barrel, while natural gas was down 16 cents to $3.88 per million British thermal units (MMBtu).

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Oil and Natural Gas: The Anomaly Continues originally appeared on BloggingStocks on Tue, 01 Mar 2011 18:00:00 EST. Please see our terms for use of feeds.

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Ray of Light: Fed Sees Adequate U.S. GDP Growth for 2011-2013

Posted on February 26th, 2011 in Economic growth, economic recovery, Federal Reserve, GDP forecast, India Shares, Inflation, inflation forecast, inthenews, oil prices, U.S. exports, U.S. GDP

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Federal ReserveThe most recent datapoint of significance for investors has to be the U.S. Federal Reserve’s revised summary of economic projections.

The Fed now sees a stronger U.S. economy in 2011, with the world’s largest and most technologically advanced economy expected to grow 3.4% to 3.9%, up from the 3.0% to 3.6% November projection.

The Fed also expects the U.S. economy to grow 3.5% to 4.4% in 2012 and 3.7% to 4.6% in 2013, compared to the November estimates of 3.6% to 4.5% and 3.5% to 4.6%, respectively.

Continue reading Ray of Light: Fed Sees Adequate U.S. GDP Growth for 2011-2013

Ray of Light: Fed Sees Adequate U.S. GDP Growth for 2011-2013 originally appeared on BloggingStocks on Sat, 26 Feb 2011 12:50:00 EST. Please see our terms for use of feeds.

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