Articles by Jim Hyerczyk

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The Dollar Decides The Fate Of Oil Markets… For Now

April West Texas Intermediate futures rebounded early this week after sellers failed to take out the previous week’s low. Last week, the market finished with enough downside momentum to indicate sentiment had shifted to the sellers, however, the lack o…


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Oil Market Wipeout Is Set To Continue

Crude oil futures are being hit hard the week-ending February 9. Both U.S. West Texas Intermediate and international favorite Brent crude oil futures have trended lower all week. As of Thursday, they have posted five consecutive lower closes. The catal…


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What’s Driving WTI?

U.S. West Texas Intermediate crude oil futures posted a volatile two-sided trade this week before moving to within striking distance of its three-year high on Thursday. One catalyst behind the price action this week was the U.S. Dollar since it also po…


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Can Oil Hold At $70?

March West Texas Intermediate Crude Oil March U.S. West Texas Intermediate crude oil futures continued to climb this week, aided by another drop in U.S. crude oil inventories. On Wednesday, the U.S. Energy Information Administration reported that U.S. …


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Is This Small Correction In Oil Something To Worry About?

Despite crossing to the strong side of a long-term 50% level earlier in the week to extend the rally, the price action late in the week strongly suggests that March West Texas Intermediate crude oil may have finally found enough resistance and selling …


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A Correction For WTI Is In The Making

U.S. West Texas Intermediate crude oil surged to the upside on Monday, setting a bullish tone for the week. The catalysts behind the price action were renewed speculative bets on further strength amid the OPEC-led production cuts and a decline in U.S. …


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Crude Oil Is Approaching A Major Retracement Zone

U.S. West Texas Intermediate crude oil finished 2017 higher in what can best be described as a volatile two-sided trade. After trending lower from January to June, the market stabilized enough to fuel an even stronger rally during the latter half of th…


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The New-Year Sell Off In Oil

Volatility has been low this week with market liquidity drying up ahead of the Christmas and New Year breaks, but the U.S. West Texas Intermediate and international-benchmark Brent crude oil trended high enough to put them in positions to challenge the…


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Are Markets Turning Bearish On Crude?

Volatility dominated the crude oil futures markets this week as traders were hit with both potentially bullish and potentially bearish news. Traders reacted according, first driving prices higher than lower. The price action suggests that this week’s c…


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When To Expect The Next Big Move In Oil?

January West Texas Intermediate crude oil futures are in a position to close stronger on Friday, but the move isn’t expected to be enough to prevent a lower close for the second consecutive week. Buyers may also be showing a delayed reaction to Wednesd…