Inside Oil’s 9% Rise

Summary Oil prices soared this past week, driven largely by great news coming from the EIA. Although not every indicator (think production) was bullish, the drop in inventories was impressive and shows signs of potential capitulation. Add to this the drop in the Baker Hughes rig count and investors should remain more bullish than bearish …

Crude Oil – Magnificent Short Squeeze To Come Sooner Than You Think

Summary WTI crude oil prices peaked at $105 per barrel in June 2014 and fell to a low of $37.65 on Dec. 7, 2015 (down more than 64% of its price). Overproduction, high inventories, Saudi Arabia’s battle with U.S, shale oil producers and with Iran, and OPEC’s failure as an institution are the main causes. …

Report: Downturn will fundamentally reshape services industry

Oil field services companies slogging through the worst downturn in decades can no longer rely on their traditional oil bust playbook of cutting costs, laying off people and offering deep discounts. Instead, the industry will have to reshape the way it does business to meet the evolving needs of oil companies clamoring for cheaper and …