• The Crude Chronicles – Episode 4

    Hello there. Welcome to another episode of the Crude Chronicles series. It’s been another volatile week for crude oil prices which have seen a sharp drop despite the latest inventories data showing a drawdown. The latest report from the Energy Information Administration for the week ending Sept 6th showed that US crude stores declined by […]

  • The Crude Chronicles – Episode 3

    Trade Wars Impacting Oil Prices It’s been another turbulent week for oil prices which have made sharp moves in both directions as the market struggles to get to grips with the dynamic environment driving short term price action. Earlier in the week, crude prices had traded sharply to the upside as the US Trade Representative […]

  • The Crude Oil Chronicles – Episode 2

    The latest EIA report, released yesterday, was particularly disappointing for US crude bulls. On the back of seven consecutive weeks of inventory drawdowns and following a report earlier in the week from the API, which suggested an 8th consecutive week, the EIA reported a surplus in its latest report. The Energy Information Administration report, covering […]

  • The Crude Oil Chronicles – Episode 1

    Welcome to our first installment of the Crude Oil Chronicles – a weekly comprehensive look into global oil inventories and prices! US Crude Stores Fall Again While focus over the last few months has been on concerns regarding the demand outlook for oil, recent industry reports have started to paint a different picture. The latest […]

  • Why is backwardation possible in the futures market?

    In one of my recent articles about the oil market, I stated that the withdrawal of waivers for consumers of Iranian oil could lead to a compensating effect on the part of the US supply, which the latest API report on commercial reserves in the US seemed to reflect.

  • Oil hovers around 8-week highs

    Oil surged to an eight-week high, as the continuing decline in US oil reserves raised optimism about the oil market outlook. Prices rose after Wednesday’s report showing a fourth consecutive week of declines in US oil inventories. US crude oil inventories decreased by 7.2 million barrels last week to a total of 483.4 million barrels, […]

  • Top market movers for the week ahead

    Monday, June 26, 2017 – German Ifo Business Climate Index (Jun), Core Durable Goods Orders (MoM) (May)(USD). Tuesday, June 27, 2017 – CB Consumer Confidence (Jun) (USD). Wednesday, June 28, 2017 – Pending Home Sales (MoM) (May)(USD), Crude Oil Inventories. Thursday, June 29, 2017 – Retail Sales (YoY) (May)(JPY), HIA New Home Sales (MoM) (May)(AUD), GDP (QoQ) (Q1) (USD). Friday, June 30, 2017 – Manufacturing […]

  • Is the US consumer data as bad as it seems?

    The US Dollar edges up after dipping to a five-week low, but the FED president advised caution because of the global risks.

  • US refineries expect cut in earnings as gasoline stockpiles are record high EIA shows

    Oil companies can go on more drastic measures to preserve margins and reduce reserves.

  • Oil prices retreat after sharp selloff, greenback is under pressure ahead of NFP

    US Oil has dropped below $45 at its lowest point since May 11.

  • Chinese Manufacturing stalls, Gold soars ahead of the uncertain weekends

    Manufacturing PMI report in June shows that the industrial sector in China is stalling.

  • Risky assets halt their rally as Oil turns downwards

    It is not likely to see further risk asset growth any time soon.

  • Oil unwinds gains, BoJ and RBA show optimistic stance on further growth

    The BoJ and RBA Meeting Minutes revealed increasing confidence in global economic growth.

  • Oil bulls jump at the chance to join ascending trend

    Oil prices attempt to rebound on Friday.

  • GBP drops, safe havens rise ahead of UK referendum

    The uncertainty drove the GBP into a steep decline.