Oil Prices May Have Bottomed

Brent oil prices closed at $34.87 yesterday. Oil prices have rebounded sharply in the past three days. According to a report by S&P, oil price gains of this magnitude have occurred only around bottoms. Click to enlarge Source: Oil Gains This Big Only Happen Around Bottoms, S&P Indexology

Bloomberg BusinessWeek: Oil and Stocks Have Developed An Unhealthy, Codependent Relationship

Happy Valentine’s Day ! Bloomberg BusinessWeek magazine has the following cool cover: Click to enlarge Source: Oil Is the Cheap Date From Hell, Bloomberg BusinessWeek Here is an excerpt from the article: Just in time for Valentine’s Day, it appears that oil and stocks have developed an unhealthy, codependent relationship. They’re way too deep into each other. Where …

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The Correlation Between Stock Markets And Oil Prices Remains High

Brent crude oil prices closed at just over $33.00 today. Since late last year the price of oil and equity prices are moving in sync with each other. The correlation between oil prices and stocks jumped to high levels in January according to an article by James Tierney, Jr. of Alliance Bersntein. From the article: Equity …

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Oil Price Decline Has Reached Historical Extremes

Crude oil prices have declined dramatically in the past year or so. Brent crude closed at $28.49 today. According to an article by Liz Ann Sonders of Charles Schwab, crude oil declines have reached historical extremes. Oil prices have plunged by 77% from the recent peak. Click to enlarge From the article: Oil effect If a recession …

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Petrobras and Ecopetrol: Latin America’s Fallen Oil Giants

Brazilian oil giant Petrobas(PBR) and Ecopetrol (EC) of Colombia were some of the largest oil companies in the world based on market capitalization until a few years ago. However both have declined dramatically in recent years with billions in market value wiped out. The following chart shows the 5-year price returns of Petrobras and Ecopetrol: Click …

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A Review of Exchange-traded Foreign Oil & Gas Sector Stocks

Oil prices have declined dramatically in the past year and continue to fall further. West Texas Intermediate crude is trading at around $36 a barrel compared to over $50 a while ago. Last week crude prices reached the lowest level in six years. A confluence of factors are attributed to the oil price collapse some of …

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