On The Real Oil Prices Over The Past 150 Years

Crude oil prices are on a roller-coaster ride this year.Brent Crude was down 1.76% and closed at $45.77 on Friday for November 2016 delivery. A year or two years it seemed prices would never fall under $100 per barrel and forecasters were even  predicting prices may reach $200. Now oil companies are desperately hoping prices …

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Crude Oil Prices Since 1861: Chart

Brent crude for November 2016 delivery closed at $46.83 per barrel yesterday.Just a few years ago oil trade well above the $100 mark it seemed that it would stay in that level forever. In fact, pundits were predicting that the price would reach $200/bbl. Since that totally useless forecasts oil prices have plunged dramatically. According …

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What is the Long-Term Relationship Between Oil and Stocks?

The S&P 500 is up by 1.80% year-to-date. Oil prices have recovered strongly from the recent plunge. In fact, Brent crude closed at $43.10 yesterday after falling below $30 per barrel in January. When it went below $30, experts were predicting $20 or even $10 per barrel. Now that it is over $40 not surprisingly …

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The Collapse in Oil Prices is Not an Unprecedented Event

Oil prices have fallen heavily since 2014. Prices reached more than $125 per barrel just a few years ago. On Friday Brent crude futures closed at $38.72/bbl. For a few years it seemed oil prices would hold forever at around $100/bbl. Oil producers, refiners and others enjoyed a great earnings period as US consumers were …

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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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