West Texas Intermediate reached $71.85 last week, just shy of the $71.93 target cited in my March 3rd forecast. The new 2018 high of $71.85 is the highest price for a barrel of oil since November 2014. At that time, crude oil inventories were in a surplus as prices in the months to follow would eventually fall […]
OIL (WTI) WTI (60.09) WTI’S fall from the 2014 high of 107.65 is complete at the 2015 low of 26.03 as December 2017 prices opened above the 38.2 of the 107.65-26.03 fall at 57.21 and closed bid in December thus confirming further price rise is now underway to 66.84 next target. In that next target […]
There are several major tax benefits available to oil and gas investors which makes this investment unique above all others. U.S. tax codes favor investment in energy resources and oil and gas leads the way with a catalog of incentives for investors as well as oil producers. Below are just a few of the key […]
Oil prices have remained firm for all of 2018 as seasonal increasing demand will continue to witness higher prices into late summer 2018. However, long-term global demand, especially that from developing emerging economies, will continue to pressure global supplies and keep oil prices firm in the years ahead. Emerging economies are witnessing annual growth rates from 6-16% annually and […]
West Texas Intermediate (WTI) made an upside technical breakout last week of the 2018 high ($66.63) as a higher close this week will confirm further price rise is underway initially targeting 68.85, 69.91, 70.92, 71.93 and eventually 76.43 in the weeks ahead. A series of higher daily lows beginning with the Feb 2018 low of 58.05 confirmed rising demand as global […]
Viper Capital Partners LLC
Pennzoil Place
700 Milam, Suite 1300
North Tower
Houston, Texas 77002
Phone: (713) 333-9174
