• The Crude Chronicles – Episode 31

    Oil Slide Pauses For Now Following 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 across risk markets this week as investors begin to digest the massive wave of central bank easing which has been […]

  • The Crude Chronicles – Episode 30

    WTI long Positions Reduced Again The CFTC COT positioning report showed that net long positions in WTI crude dropped by 972 contracts last week to 387,397 contracts in total. The move was the result of a 24,635 contract short position which overtook the 23,663 contract long position. WTI prices have seen a steady cascade lower […]

  • The Crude Chronicles – Episode 29

    The latest CFTC COT positioning report showed that net long positions in WTI crude were reduced by 43,097 contracts last week taking the total position to 388,369 contracts. It is safe to say that this reduction will have no doubt been amplified over recent days in light of the developments we have seen. COVID-19 Recession […]

  • The Crude Chronicles – Episode 27

    Oil Sinking As Risk Appetite Evaporates The CFTC COT report reflected an increase in upside positions in WTI last week of 14,995 contracts. This latest increase in long positioning takes the total bullish position to 411,764 contracts. The increase in upside exposure came despite the growing mood of risk aversion in the markets in response […]

  • The Crude Chronicles – Episode 26

    Crude Recovers On COVID-19 Optimism Benchmark WTI prices have risen over the week as the rebound in global investor appetite helped oil recover from earlier losses in the week. Negative headlines attached to the growing economic impact of COVID-19 were leaning on oil prices at the start of the week, seeing a broad risk-off tone […]

  • The Crude Chronicles – Episode 25

    Benchmark WTI prices have had a much stronger session this week with prices recovering to highs of mid $51 from recent lows of $49. The recovery has largely been attributed to the recovery in global investor appetite over this week. OPEC Cuts Demand Outlook Investor uncertainty has been lower over the last month due to […]

  • The Crude Chronicles – Episode 24

    Corona-Virus Optimism Helps WTI Recover The main catalyst behind the movement in oil markets this week has been the developing situation with respect to the corona-virus outbreak in China. The spread of the virus, which has now killed around 565 people and infected over 28,000, has seen a sharp rise in investor uncertainty which leaned […]

  • The Crude Chronicles – Episode 17

    Market Caught Between OPEC Cuts & Trade Deal Uncertainty CFTC COT data showed that net long positions in WTI crude declined by 42,901 contracts last week to sit at a total position of 428,035 contracts. The reduction in upside exposure in WTI prices likely reflects the diluted global investors appetite last week on concerns over […]

  • The Crude Chronicles – Episode 6

    Benchmark WTI crude prices have depreciated this week, falling nearly $5 on rising US inventory levels as well as the resurfacing of concerns about US-Sino relations. Trade War Comments Raise Concerns Speaking on the side-lines of the UN general assembly, US Secretary of State Mike Pompeo told the audience that the US had decided to […]

  • The Crude Chronicles – Episode 5

    Key WTI Headlines Over the Week The CFTC COT update for the week ending September 10th showed net long positions in WTI futures rose +44,048 contracts to 428,205 for the week. Speculative long positions jumped +18,639 contracts while short positions plunged -25,409 contracts. Benchmark WTI prices commenced the week with a 20% move north as […]

  • The IndeX Files 17-09-2019

    Risks Remain Amidst Positive Backdrop The fundamental backdrop for equities remains supportive in the near term though benchmarks in the US, Europe, Asia and the UK have seen a pause in momentum so far this week. The announcement of a new range of easing measures from the ECB at its meeting this month has helped […]

  • 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 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 […]

  • Is the Euro finally in a bearish state?

    The Euro seems to be shaking off it’s bullish momentum today, and transferring it on the Dollar instead.