• The Crude Chronicles – Episode 48

    Oil Traders Increase Long Positions The CFTC COT institutional positioning report showed that net oil longs were increased by 4434 contracts last week, taking the total position to 539, 751 contracts. The increase in upside bets reflects the better risk environment over recent weeks with equities markets continuing to rally despite fears over a fresh […]

  • 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 […]

  • 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 […]

  • 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 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 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 36

    Crude Long Positions Building The 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 position of 587,180 contracts. This brings the net long position back up to its highest level in over 18 months despite the recent rout in oil […]

  • 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 […]

  • 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 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 […]