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Get ready! March 26, 2018 marks the opening of trade of the new gold-backed, Yuan denominated Chinese oil futures contract. The contract will be traded on the Shanghai International Energy Exchange with similar sizing as the West Texas Intermediate contract traded on the NY-MEX: 1,000 barrels/lot; tic value equal to 0.1 Yuan per barrel, or…

Copyright CNBC.com Copyright jeroenbloklandblog.com The graph should be read from right to left to better understand the relationship between contango (upper black line)/ backwardation (lower blue line) and the current spot price. Please revisit our articles regarding the Price of Oil and the Commitment of Traders Report HERE, and the Price of Oil and the U.S. Dollar…

Technical analysis of the futures market relies mainly on price movement in the markets as evidenced by charts. It is a very different approach to investing than fundamental analysis, which is more concerned with the relationship of supply versus demand of the physical commodity. A fundamentalist takes trading positions based off the imbalance between supply…

Ca$h Money: The Price of Oil and the U. S. Dollar This article continues our examination of the various factors that influence the price of oil. A second key indicator of the oil and gas market’s price direction is the value of the U. S. Dollar and the strength of that currency’s directional trend. Inverse…

There are numerous factors that influence the price of oil. The one we are all familiar with from Econ 101 is supply and demand.  For West Texas Intermediate, this is the measure of supply at Cushing, Oklahoma vs. the estimated measure of demand. The price of WTI generally rises when there is a draw down…