Commodity Trade Mantra

Posts Tagged ‘Crude Oil Markets’

Crude Oil Enters Bull Market Amid Output Freeze Talk

An emphasis by oil companies on frugality in operations mean a certain amount of cost-cutting should be sustained in the coming years. Slashed expenditures in the oil industry are expected to add up to $1 trillion dollars over the 2015 – 2020 period. Dollar weakness & production freeze hopes combine again to rally crude oil prices higher. Here are 5 things to consider in crude oil markets today.

The Multi-Trillion Dollar Oil Market Swindle

Assuming $55 per barrel for oil, the market for crude oil is about $5.2 billion per day. Each $10/Barrel change is worth nearly $1 billion/day or $365 Billion/year for the worldwide crude oil market. Add the worldwide equity market caps of oil and oil market related equities and debt you have a scandal that is in the trillions; a number that cannot be ignored.

follow us

markets snapshot

Market Quotes are powered by India

live commodity prices

Commodities are powered by India

our latest tweets

follow us on facebook