Stifled Action Despite Important DevelopmentsIt’s been an interesting week for oil albeit a somewhat frustrating once as despite some key developments we haven’t seen much market movement. OPEC+...
The Crude Chronicles - Episode 41
Mixed EIA ReportWTI prices were seen extending their recent rally this week as global investor appetite continued to improve despite the ongoing unrest in the US. Oil prices have seen steady buying...
The Crude Chronicles - Episode 39
Oil Demand Continues To RiseThe oil market has seen a further recovery this week amidst a broad pickup in risk sentiment as global stay-at-home measures continue to ease. Parts of America have been...
The Crude Chronicles - Episode 37
Recovery Rally Marches OnThe CFCT COT position report showed that investors increased their net long exposure by 35% last week, with the total upside position rising to a fresh 16 week...
The Crude Chronicles - Episode 36
Crude Long Positions BuildingThe CFTC COT positioning report showed that large speculators and hedge-funds (non-commercials) increased their positions in WTI last week by 76,511 contracts to a total...
What Caused Oil Prices To Turn Negative?
COVID-19 Creating Historic Market ConditionsThe COVID-19 crisis which has dominated both financial and mainstream news flows this year has created unprecedented conditions in both people’s lives and...
The Crude Chronicles - Episode 35
Negative Oil PricesCrude oil prices have seen record moves this week as the capitulation in concerns for the demand outlook resulted in a downside shock with prices breaking below $0 for the first...
The Crude Chronicles - Episode 34
Oil Hits Fresh LowsIt’s been a frustrating week for oil bulls. Following the mild decline seen from last week’s highs, losses have been extended this week with price trading down to fresh 2020 lows as...
The Crude Chronicles - Episode 31
Oil Slide Pauses For NowFollowing weeks of heavy selling, WTI prices have seen some minor demand this week allowing prices to recover somewhat. The uptick in prices has been linked to the rally seen...
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