NYMEX (WTI) Light Sweet Crude Oil is the world’s most liquid and actively traded crude oil futures contract.
It’s a mugs game, attempting to divine short term price moves in some of our more geopolitically sensitive commodities. Take gold for example…
Today’s markets are nearly impossible to predict. Take oil for example: The Middle East is a ticking time bomb, and production out of Venezuela, Iran and Libya is plummeting. One would expect firmer prices, but, instead, we get a violent break to the downside.
Sometimes it makes sense to be a contrarian, that is, to purposefully go against the flow, to buy and sell securities in complete opposition to the prevailing sentiment.
Jericho Oil (JCO.V) pumps up 2018 total STACK production by 33% while cutting operating costs by 30%
Jericho Oil’s (JCO.V) preliminary partnership production rates in the STACK play hit an all-time yearly high in 2018.
A few weeks back we talked about myopia and how the market appears to be suffering from an acute case of the disorder (I’m specifically referring to Merriam-Webster’s #2 definition of the condition).
The OILs: International Frontier (IFR.V), Renaissance (ROE.V), Jericho (JCO.V), and Permex (OIL.CN) – a Guru Update
The volatility in oil continues. ‘Manic’ might best characterize trading in recent sessions
To state that Oil has been through some tough sledding in recent sessions would be a colossal understatement. After recently hitting the skids for an unprecedented twelve consecutive sessions, this decline represents a rout never before witnessed.