Will Oil Prices Skyrocket in the Aftermath of Hurricane Ida?

As you probably know, Hurricane Ida hit Louisiana on August 29, the exact date that Hurricane Katrina made a Louisiana landfall sixteen years earlier.
On August 30, the Wall Street Journal said:

Oil Industry Surveys Damage After Hurricane Ida Slams Louisiana
The storm disrupted fuel supplies, and the speed of the recovery will depend on how long it takes for refineries to come online amid flooding and power outages.
Did oil prices skyrocket due to the disruption in oil production? Well, Bloomberg reported (August 30) that prices initially fell 1.6% [as Ida made landfall] before they “edged” higher.

Crude Oil’s 2020 Crash: See What Helped (Some) Traders Pivot Just in Time

Since the start of 2020, crude oil has gone from “black gold” to “black days,” plummeting 70% for its “worst quarter on record”. As of March 30, oil prices circled the drain of a two-DECADE low near $20 per barrel. Is there any way an oil trader or active oil investor could look at the market’s crash and NOT see what one March 12 CNN article coined “a nightmare scenario”?

Did the Oil Crash Wreck the Stock Market?

Crude oil took a 30% dive on Sunday, March 8. Yet what’s happened in oil this year is so much bigger than that headline-grabbing, one-day move. In January, oil was $64 a barrel. It hit $27.34 intraday on Monday, March 9, so the price of oil fell 57% in just two months. Talk about a swift decline.

History Says Stocks Can Perform Well After Big Oil Shocks

“Stocks fell on Monday amid fears that a surge in oil prices following an attack in Saudi Arabia could slow down global economic growth.” Thus, it may be helpful to know how stocks have performed after big one-day spikes in the price of oil. Charlie Bilello’s Twitter feed (@CharlieBilello) contains dates of the largest one-day spikes in the price of oil (1983-2019).

Crude Oil Sinks 20% Despite OPEC Production Cuts

On January 1, the long-awaited agreement between OPEC and its major exporting partners like Russia to curtail production by 1.8 million barrels a day went into effect. And, according to the mainstream experts, the massive effort to cut the oil glut would also light the fire beneath oil prices. But that’s not what happened…

WTI Crude Oil on the Move $112 Next Stop

The energy sector has surged during the last two months which can be seen by looking at the XLE Energy Select Sector Fund. If crude oil continues to climb to the $112 level, XLE will likely continue to rally for another few days or possibly week as energy stocks are considered a leveraged way to […]

Three Investment Sectors Ripe for Speculation in 2013

With sovereign economies around the world still trying to find their footing after the global financial crisis of 2008, investors are looking at industries and investment sectors that will present opportunities for speculation and profit in 2013. Although the economy of the United States is far from a full recovery, Wall Street has reacted positively to […]

Oil and Gas Stocks

Oil and gas along with their equities have been underperforming for the most part of 2012 and they are still under heavy selling pressure. I watch the oil futures chart very closely for price and volume action. And the one thing that is clear for oil is that big sellers are still unloading copious amounts […]