Following some intraday swings with Brent trading as low as $54.82/bl it closed the day with only a slight loss of 0.3% at $55.48/bl. The whole...
My key takeaways (Sales Summary) Oil prices have been volatile lately due to the hurricanes in the U.S Gulf coast, with Brent testing the important support...
Crude oil comment – Crude oil higher as Hurricanes disrupt crude supply rather than crude demand (refinery processing of crude) All since the end of July...
Price action – Gasoline prices dives 4% as smoke clears after Henry. No visible market concerns yet for hurricane Irma which is on the way Brent...
Price action – Dollar headwinds driving speculators to take money off the table Equities across the board rebounded 0.7% ydy following the recent North Korea driven...
Price action – Oil prices contaiged by broad based risk-off in financial markets The sell-off in oil prices yesterday was basically risk-off in markets in general...
Crude oil price action – Prices declined last week despite positive tailwinds from equities and dollar Brent crude declined 1.7% last week despite the facto f...
Crude oil price action – A marginal rebound this morning before selling down further Brent crude traded down 2.5% w/w to Friday with a close of...
OECD inventories rose 18.6 mb in April marginally up y/y. OPEC has not been able to draw OECD inventories down yet which is a disappointment to...
In hindsight the market was obviously not satisfied with OPEC just rolling their cuts over for another 9 months. The market’ judgement was clearly that that...
