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Tag Archives: oil market

How much Higher Can/Will Gasoline Prices Go?

Thus far this year, during the first two months of 2012, according to Bloomberg, we have witnessed an 18% increase in the price of crude oil based on the ICE Brent Crude Oil Active Month Index and a 16% increase in the price of gasoline based on the Nymex Gasoline Active Month Index. With respect to the latter, with gasoline prices now averaging $3.74 per gallon for regular grade gasoline across the United States and some experts calling for prices to exceed the peak observed in July of 2008, many are now wondering how high gasoline prices will go (especially during the upcoming summer driving season) and what can be down to counteract these rising prices.Read more

Could Oil’s Rise put a Halt to the Current Bull Market?

Recent turbulence in middle-east countries, such as Tunisia, Egypt and Libya, has affected both oil markets and stock markets worldwide due to the well-recognized role of Oil as the lubricant of the global economic machine. We, at Hennion & Walsh, have even observed a growing negative correlation between the price of oil and the performance of the stock market.Read more

Unrest Spreads on Domestic and Foreign Soils

Unrest in Wisconsin escalated late last week as newly elected Republican Governor Walker pushed ahead with his desire to pass his “budget-repair bill.” The bill is intended to plug a large shortfall in the state’s current budget and asks for increased contributions by certain state employees to their own pensions and health insurance benefits. The proposed bill also contained revisions to existing collective bargaining agreements which created tension amongst many union workers. Wisconsin could prove to be a pivotal state with respect to the relationship between state governments and labor unions as other states, such as Indiana and Ohio, facing similar budget issues are considering similar measures in the near future.Read more

Understanding Oil ETFs

The dramatic rise and fall of oil prices throughout the course of 2008, and into the early stages of 2009, has attracted many portfolio managers, financial advisors and individual investors to energy oriented, specifically oil, investment strategies.   While once complicated …Read more