Oil price today

Crude Oil Price outlook – Detecting mispricing in precious metals and crude oil using trailing correlations

I asked Agnes, our resident actuarial genius to run some more numbers on the crude oil and commodities correlation series that we had been playing with. Here is what she turned in today before heading home. If you have just arrived, the concept is simple. In times of stress correlations break down. Sometime they return…Read more

Crude Oil Trading – Trading USO

Finally got cornered into buying out of money calls on USO; now in the market for buying out of money puts. How did the cornering happen; I was caught asleep on my laptop and rather than leaving a Good for Today order, left a Good Till Cancelled order that got filled the minute the market…Read more

Crude Oil price outlook – Is oil fairly priced now or still expensive. Or what can a barrel of oil buy – part ii

A few posts ago we ran a simple basic analysis looking at the relative value of oil with respect to a number of other core commodities. We revisit that post again with more recent and updated data as well as add a table that allows for a quick relative comparison of commodity prices against crude…Read more