Oil Prices

Latest 2016 Oil Prices Analysis by Experts

The price of oil is usually measured on a per-barrel basis. The price also can be quoted as the spot price, which is the price of buying a barrel at the current moment, or as the futures price, which is the cost of buying a barrel of oil in future months. Two main contracts traded are West Texas Intermediate (WTI) and Brent Crude. WTI oil is light sweet oil and very well suited for gasoline. Brent Crude is a blend of oil from the North Sea. Futures prices are quoted in increments of 1,000 barrels of oil for every one contract.


With energy costs going up, there's a lot of talk in auto circles about hydrogen-powered fuel cell vehicles. There's no question that a hydrogen-power car would eliminate a lot of pollution, but the fact is that this technology is a…

Oh, what a sight it was on Monday when trading on the basis August light sweet crude futures contract on the New York Mercantile Exchange (NYMEX) broke the psychological $60.00 resistance level to $60.02. Think back... It was only a…

When I was growing up, I used to watch The Beverly Hillbillies with my father when it was on TV. It was a father-daughter thing--he loved the crazy show, even though just the sound of it on the television drove…

I'm not sure about you, but the high gas prices are making me think hard about driving my gas guzzling SUV! The view high up is great, but I'm constantly going to the pumps and it hurts when I fill…

Imagine waking up one morning to this news headline: "Iraq stops exportation of oil indefinitely... prices top $100 a barrel!" Could it happen? Yes it could. But it's not just Iraq causing prices to rise at America's gas pumps. Fears…

Auto sales for August came out yesterday, and the news was not good. In the U.S., Ford's sales dropped 13% in August 2004 compared to August 2003. GM's sales were down 14%, and DaimlerChrysler's sales were down 5.7%. Most surprising,…

While I'm a big believer that the price of consumer goods will decline in the short term (deflation), I also recognize that some commodities are rising in price. In particular, I've been very bullish on both gold and sliver, and…

I noticed two things this morning on my way to work. The first was that it took too long for my vehicle to produce warm air; the other was a noticeable price spike at the pumps. It was just a…