• 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 […]

  • The Crude Chronicles – Episode 40

    Rising Risk Factors Blunt Recovery Optimism The crude oil market has retreated lower again this week following initial strength. Firmer risk sentiment at the start of the week, in response to optimistic reports of the work underway to develop a COVID-19 vaccine, had helped lift oil prices which have been higher over recent weeks as […]

  • The Friday Forex Takeaway – Episode 35

    Key Points From This Week Trump Steps Up Rhetoric Against China The ongoing tensions between the US and China dominated the early part of the week with Trump stepping up threats against the world’s second-largest economy over its alleged role in the COVID-19 outbreak. Trump has threatened china with the cancellation of the current trade […]

  • The Crude Chronicles – Episode 39

    Oil Demand Continues To Rise The 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 re-opening over recent days as well as some European countries, fuelling hopes of a return to normality as more businesses begin […]

  • The Friday Forex Takeaway – Episode 34

    Key Points from This Week RBNZ Signals Negative Rates Likely The RBNZ increased the size of its QE program at its May monetary policy meeting this week by nearly double from $33 billion to $60 billion. Warning over the continued impact of the global economic downturn the RBNZ also warned that negative rates could be […]

  • 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 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 […]

  • The Crude Chronicles – Episode 33

    Oil Demand Decimated by Covid-19 Disruption Following the mild recovery seen in WTI price action last week, momentum has stalled with oil prices trading roughly flat so far on the week. The main driver for oil prices remains the ongoing COVID-19 situation. While risk assets, generally speaking, have been able to reclaim some higher ground […]

  • The Crude Chronicles – Episode 32

    Oil Demand Cratering The WTI markets has seen another round of selling this week as the global situation continues to draw concern for the demand outlook. The rebound in risk assets over the prior week has stalled this week as news of a soaring US death toll, and expectations of an extension to the lockdown […]

  • 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 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 […]