Brent crude traded up 0.5% this morning to $67.2/bl on the back of continued protests (20 killed so far) in Iran with concerns for potential disruptions...
Price action – Higher on Nigeria strike, Fortis pipeline outage, lower oil rig count, softer USD and positive equities Brent crude is gaining 0.9% this morning...
Over the past week Brent crude has sold down 3% along with EM equities (-3.5%), Industrial metals (-2.8%) plus some headwind from a 0.5% stronger USD....
Headlines this morning gives the impression that all are now on-board for extending the cuts to the end of 2018. Reading in more detail however shows...
Marked has placed all chips on the long side betting on an extension of OPEC/non-OPEC production cuts which officially ends in Q1-18. In general we do...
After hitting a fresh 2015 high of $64.65/bl last week on the back of spiralling geopolitical risk it is not too surprising that the front month...
Exactly two weeks ago we argued that Brent crude would probably reach $65/b before Christmas. And wow has that delivered quicker than we thought. Of course...
Crude oil price action – Brent crude 1mth Inching 1% higher WoW amid dollar headwinds. Brent to WTI crude spreads continues to widen Brent crude inched...
OPEC compliance is back in focus as compliance fell in September to 990 kb/d of cust versus a pledge of 1200 kb/d for the cutters. OPEC’s...
Crude oil comment – Carried higher by declining US oil rigs and declining oil inventories (and speculators rolling into the front end of the curve) Inventories...
