Crude Oil Industry Headline News

"Oil Falls After U.S. Inventories Rise to 16-Month High as Demand Tumbles"
Crude oil fell after a U.S. government report showed that crude stockpiles climbed to a 16 month high as fuel demand tumbled....Complete Story

"Oil Collapse Forces Gulf Nations to Run Deficits, Cut Foreign Investment"
Tumbling oil prices are forcing many of the richest Persian Gulf states to record budget deficits and limit a critical source of foreign investment for poorer Arab countries....Complete Story

"Inpex Denies Talks on Indonesia LNG Project Stake Sale"
Inpex Corp. said Wednesday it isn't ruling out the possibility of inviting companies to take part in its liquefied natural gas project in Indonesia in the future, but the company so far hasn't held any talks with anyone on a stake sale....Complete Story

"China's CNPC Signs Deal for Iran Oil Field"
CNPC has signed a deal to develop Iran's north Azadegan oil field. Under the first phase, Azadegan's crude output capacity would reach 75,000 barrels per day....Complete Story

Trend Analysis , DXO Double Long Crude

DXO Trend Call.....Sidelines Mode

Smart Scan Chart Analysis indicates a counter trend rally is underway.

It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.

Based on a pre-defined weighted trend formula for chart analysis, DXO scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend):

-10 Last Hour Close Below 5 hour Moving Average
-15 New 3 Day Low on Monday
+20 Last Price Above 20 Day Moving Average
+25 New 3 Week High, Week Ending January 10th
-30 New 3 Month Low in December
-55 Total Score



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Crude Oil Industry Headline News

"Oil Rises After Saudi Arabia Announces Plans to Lower Output Next Month"
Crude oil rose for the first time in six days in New York after Saudi Arabia said it will make deeper supply cuts than announced to bolster prices....Complete Story

"Naimi Says Saudi Arabia Will Produce Less Than Its OPEC Quota in February"
Saudi Arabia, the world’s largest oil exporter, said it will take the lead among OPEC oil producers in trying to halt a six-month slide in prices....Complete Story

"Petrobras to Spend $4 Billion by 2012 to Cut Sulfur Content in Diesel Fuel"
Petroleo Brasileiro SA, Brazil’s state-controlled oil company, will spend $4 billion by the end of 2012 to reduce sulfur in diesel, the country’s most-used fuel....Complete Story

"Libya Gains $5.4B from Altering Oil Deals"
Libya has earned $5.4 billion in additional oil revenues from changes of contracts with four foreign companies last year....Complete Story

"EIA Predicts 'Fairly Loose Oil Market' over Next 2 Years"
The U.S. on Tuesday forecast that crude oil markets will stay "fairly loose" over the next two years, noting that OPEC will have difficulty implementing pledged crude output cuts....Complete Story

Crude Oil Industry Headline News

"Transocean Provides Fleet Status Report"
Transocean (ticker RIG) today issued an updated fleet status report covering the company's 136-unit offshore drilling fleet. Drilling rig status and contract information on the company's offshore drilling fleet has been condensed into a report titled "Transocean Fleet Status Report," which is available through...Complete Story

"Kuwait's Foreign Minister Named Acting Oil Minister"
Kuwait's foreign minister has been appointed acting oil minister in a new cabinet as the Gulf Arab state tries to end a political standoff which has delayed reforms in the OPEC producer, state media reported on Monday....Complete Story

"Ecuador Ends Oil Contracts Due to Low Prices"
Ecuador will end its oil contracts with companies in France and Italy due to low prices, Mining and Oil Minister, Derlis Palacios, said on Friday....Complete Story

"OPEC Oil Prices Rebound Slightly"
The weekly average prices of OPEC rebounded slightly above $40 per barrel last week to $43.99, the Vienna-based cartel said on Monday....Complete Story

Crude Oil Industry Headline News

"Saudi Supertanker Sirius Sails to Dammam After Pirates Hijack"
Saudi Arabian oil supertanker Sirius Star, which was hijacked by Somali pirates in November, has been released and is leaving the African country’s territorial waters....Complete Story

"Cuba Produced 4MM Tons Of Oil And Gas In 2008"
State owned Cubapetroleo produced the equivalent of more than 4 million tons of oil and accompanying gas in 2008, up 1.3% over the previous year....Complete Story

"Ecuador Suspends Output Of Foreign Oil Firms To Comply With OPEC Cuts"
The Ecuadorian government has decided to suspend oil production by Italy's Agip and France's Perenco, both of which operate in the Amazon region, to comply with new OPEC cuts....Complete Story

Crude Oil Industry Headline News

"Oil Falls For A Fourth Day As U.S. Job Losses Add To Concern Over Demand"
Crude oil fell a fourth day after a report showing that the U.S. unemployment rate surged in December raised concern demand will drop faster than OPEC cuts output....Complete Story

"Petrobras Will Pay Most In Bond Market Since 2003 To Fund Tupi Investment"
Petroleo Brasileiro SA, owner of the Americas’ biggest oil discovery in three decades, will pay the most in the bond market in five years to finance a record investment plan after crude prices tumbled....Complete Story

"Exxon Mobil's Cash Hoard Offers Major Growth Options"
With nearly $40 billion in cash in its coffers, Exxon Mobil holds enough financial firepower to pull off an industry changing transaction....Complete Story

"Santos LNG JV Plans to Boost Employment in '09"
Santos said plans are in place to hire 120 employees in 2009 to work on the proposed Gladstone LNG project that it wants to build with Malaysia's Petronas....Complete Story

"Schlumberger Begins Laying Off Hundreds of US Workers"
Schlumberger has begun laying off hundreds of workers in the U.S. and around the world in the first of what experts say will likely be a wave of job cuts in the energy industry....Complete Story

The Trade Triangle - Trade The Market, Not The Economy

Click here For Free Video

What do we mean when we say... trade the market and not the economy? It may sound like we are saying to trade the same thing... but in many cases they're different. The difference is that the market is driven by fear and greed, while the economy is driven by fundamentals. Our "Trade Triangle" technology allows us to analyze the market... leaving the fundamentals and our own emotions at the door. Let's look at some of the major markets and see which direction the trend is headed.

* The equity markets are still in a negative trend.

* Crude oil is still in a negative trend.

* Gold is in an erratic upward trend.

* The dollar is also in an erratic upward trend.

All of these markets are still in entrenched trends and there is no reason to suggest that they will be reversing anytime soon.

We have just finished a short video on crude oil (NYMEX:CL). This market is making moves, which we will tell you all about using the "Trade Triangle" technology.

We recently received a trading signal in this market which I think is an important one. You will also get a chance to see several of the previous signals that were issued. The video is definitely worth watching for that benefit alone.

The silly season which we talked about in December is rapidly coming to a close. We would expect that the volume and liquidity will return to the markets by the 15th of January. So get ready... cause there is money to be made.

Click Here To Enjoy The Video

Trade the market and not the economy.