• The Crude Chronicles – Episode 46

    WTI Longs Reduced Amidst Second Wave Fears The CFTC COT institutional positioning report showed that traders reduced their net long positions in WTI by 17,057 contracts last week, taking the total position to 543,826 contracts. This adjustment, which marks some of the largest selling since the peak of the oil slide earlier in the year, […]

  • The Crude Chronicles – Episode 45

    Oil Demand Outlook Improving The CFTC COT positioning report shows that institutional traders increased their net long positions in WTI last week by 14,611 contracts. This latest round of buying brought the total position up to 560,883 positions and reflects the better sentiment seen in oil markets recently as the easing of lockdown measures lifts […]

  • Oil Prices at 3.5 month High as OPEC+ deal Compliance Improves

    Oil prices continued advance on Tuesday, Brent gained $2 rising to $43 per barrel, the highest level since early March. Obviously, sentiment in the market remains positive, thanks to the fact that constructive rhetoric from the OPEC, regarding compliance of several participants, has finally appeared. One of the weak links in the OPEC+ deal is […]

  • The Crude Chronicles – Episode 43

    Risk Sentiment Recovers, Helping Oil Prices WTI prices have seen a week of much reduced volatility with the market trading a subdued $5 dollar range over the week. Despite the lack of volatility, the market is at least on course to end the week in the green currently as the broad rebound in risk sentiment […]

  • BOC: Out With The Old In With The New

    Tiff Takes Over Tiff Macklem took the reigns as the new governor of the Bank of Canada this week and given current global and domestic conditions, he is unlikely to be envied much by any of his peers. The two-year US/China trade war and now the COVID-19 crisis, have left the global economy in a […]

  • The Crude Chronicles – Episode 41

    Mixed EIA Report WTI 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 over recent weeks as global stay-at-home measures have continued to be reduced. With many economies making firm tracks towards full reopening, the […]

  • OPEC+ June Meeting: Level of Compliance, Demand Recovery Hint about Dovish Decision

    Oil prices advanced by more than 2% on Tuesday on expectations that the June OPEC+ talks would have a positive outcome for the market.

  • Oil is Coming Back to Life

    Today we review the potential future of currency pair EUR/USD, oil, and British pound.

  • The Friday Forex Takeaway – Episode 36

    Key Points From This Week COVID-19 Vaccine Hopes Increase Following on from reports that US biotech company Moderna had noted positive results with one of their candidate vaccines, markets received further good news this week. US biotech firm Novavax reported that they have begun human testing on one of their candidate vaccines, further increasing hopes […]

  • The Crude Chronicles -Episode 38

    Oil Recovery Rally Loses Steam The oil market has seen a week of heavily reduced volatility compared with  price movements registered over the prior weeks. In the aftermath of the heavy selling which rocked the market just three weeks ago, WTI has since recovered and traded higher, reversing some of these losses. However, the recovery […]

  • The Crude Chronicles – Episode 37

    Recovery Rally Marches On The 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 high. Long positions have been building steadily following the explosive rout seen at the end of April when the continuous futures contract dropped […]

  • The Friday Forex Takeaway – Episode 31

    Key Points from This Week Oil Turned Negative As the COVID crisis continues, the oil market this week gave the clearest indication of the economic damage being caused. Dropping over 100% on Monday as futures traders scrambled to roll their May contracts (due for expiry on Tuesday) into the front month, oil prices collapsed below […]

  • The Crude Chronicles – Episode 35

    Negative Oil Prices Crude 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 time on record. Printing lows of -$37.63 on Monday at the worst of the decline. The dramatic sell-off comes on the […]

  • What Caused Oil Prices To Turn Negative?

    COVID-19 Creating Historic Market Conditions The COVID-19 crisis which has dominated both financial and mainstream news flows this year has created unprecedented conditions in both people’s lives and in financial markets. With central bank’s launching themselves into fresh rounds of easing in a bid to help support the global economy, the Fed has taken the […]

  • The Crude Chronicles – Episode 34

    Oil Hits Fresh Lows It’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 news of a massive over-supply has dampened trader sentiment and fuelled further speculative selling. Oil price had been higher […]