Hit Putin Where It Hurts -- Selling oil from the US Strategic Petroleum Reserve could cut world oil prices by $10 to $12 per barrel. Although that amounts to only about a ten-percent reduction, it would cut Russian export income by around $40 billion, about ten percent of the country's 2012 fuel export income according to the WTO. This action could exacerbate the ruble's decline as well. Read more here.

PKVerleger LLC calculates the value of sweet crude based on New York Harbor product prices.
Short-Run Fundamentals Prices Point to Higher Prices; Long-Run Fundamentals May Point to Bankruptcy for Large Oil Companies (April 21, 2014) -- Two distinct views on the direction of oil prices proliferate today. Both are right and both are wrong.

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