Archive of WTI - The Henwood Edge
-
No Relief in Post Labor Day Gasoline Prices
Posted on September 6, 2012 by Christopher Henwood in Ben Bernanke, Crude Oil, Energy, Federal Reserve, Gasoline, Iran, Refining, Technical Analysis, WTISeasonality is dead in the gasoline market. Since its inception, one could expect the price of gasoline to peak just prior to Memorial Day Weekend as the summer driving season kicked off and retreat to its yearly lows as the...
Continue reading this entry → -
3-2-1 … Countdown to WTI’s Next Rally
Posted on September 4, 2012 by Christopher Henwood in Crude Oil, Energy, Technical Analysis, WTIThe price of light, sweet crude oil is heading higher in the next few weeks and will test the key resistance level of $103.35. Both fundamental and technical factors are behind what will be the next big rally in WTI...
Continue reading this entry → -
Increase the Strategic Petroleum Reserve – Oil is too important
Posted on April 18, 2012 by Christopher Henwood in China, Crude Oil, Energy, Geopolitical risk, Iran, WTIIn the Wall Street Journal last week, there were two articles about strategic petroleum reserves. The first was an Op- Ed Piece by Austan Goolsbee, former Chairman of President Obama’s council of Economic Advisors and professor of economics at...
Continue reading this entry → -
Crude Oil Prices in Fundamental Tug-of-War
Posted on March 28, 2012 by Christopher Henwood in Crude Oil, EIA, Energy, Geopolitical risk, North Sea Brent, WTICrude Oil prices have remained in a fairly narrow trading range for the past several weeks. The ongoing tensions over Iran’s nuclear ambitions and the sanctions on oil sales have heightened the concern of a major supply disruption in the...
Continue reading this entry → -
High Gas Prices … No Easy Answers
Posted on February 27, 2012 by Christopher Henwood in Crude Oil, Energy, Gasoline, Geopolitical risk, Iran, North Sea Brent, Refining, Regulations, WTIWhy is the price of gasoline so high? In the past week I was asked that question by a couple of the world’s largest news services looking for me to explain why it was so high and going higher. In...
Continue reading this entry → -
Brent / WTI Spread is at a Crucial Juncture
Posted on February 2, 2012 by Christopher Henwood in Brent / WTI, Crude Oil, Energy, Geopolitical risk, North Sea Brent, Technical Analysis, WTIThe Brent / WTI spread is at a crucial juncture. It is currently right on the 100-Day Moving Average. A Settlement above the 100-Day should push the difference between the world’s two benchmark crude contracts to widen into the $18.50...
Continue reading this entry → -
Crude Oil Preparing for Lift-Off
Posted on January 23, 2012 by Christopher Henwood in China, Crude Oil, EIA, Energy, Geopolitical risk, North Sea Brent, Technical Analysis, WTIWith the price of WTI wrapping itself around the $100 mark, and Brent confined to the space between its 100 and 200 Day Moving Averages, the market is ripe for a break out. The question is: will it be to...
Continue reading this entry →