Energy Sector Investing

June 7, 2008

Oil and Natural Gas Investing News

Is Now The Time To Short Oil?

A brief pullback to around $122 a barrel early in the week fooled a few investors into thinking perhaps oil’s peak had passed.

But oil exploded on Thursday and Friday, gaining a ridiculous 13% on the New York Mercantile Exchange in two days to trade at $137.08. And some are saying, enough is enough.

Morgan Stanley Analyst Calls For $150 Oil

Oil prices sharply reversed a midweek decline, ending the week Friday with a $10.75 leap to a record $138.54 a barrel, buoyed in part by a Morgan Stanley analyst's prediction that $150 oil will accompany Fourth of July fireworks.

G-8 Urges Investment In Energy Infrastructure

The world's top industrialized nations and leading oil consumers pledged Sunday to fight skyrocketing energy prices by increasing efficiency and accelerating investment in new technologies, while urging producers to expand production.

Oil and Natural Gas Investing News

May 10, 2008

Oil Crosses $126 A Barrel, Up Nearly $10 This Week
The threat of a disruption of the Venezuelan supply caused crude oil to spike above $126 for the first time on Friday. 

Natural Gas Prices Continue To Rally
June natural gas futures rose 27.4 cents to settle at $11.537 per 1,000 cubic feet in trading on the NYMEX.

Valero Deal Highlights Difficulty Refining Market
Valero, one of the world's largest oil refiners, sold the facility at a discount of at least 15 per cent of the valuation that it achieved from the sale of its larger Ohio refinery last year.

Oil and Natural Gas Investing News May 5, 2008

Nigerian Attacks Spike Crude Oil Prices
Crude oil rose more than $2 a barrel on concern that production disruptions in Nigeria, Africa's biggest producer, will limit supplies.

Dallas Federal Reserve Predicts Higher Natural Gas Prices
U.S. natural gas prices are poised to head higher over the long term when commercial demand increases, according to a report by the Federal Reserve Bank Of Dallas.

Lundberg Survey Reports Higher Gasoline Prices
The national average price for regular gasoline rose about 15 cents in the last two weeks, according to a survey.