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  • 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 […]

  • The Crude Chronicles – Episode 42

    Stifled Action Despite Important Developments It’s been an interesting week for oil albeit a somewhat frustrating once as despite some key developments we haven’t seen much market movement. OPEC+ agreed to extend the current production cuts by a further month at a special meeting held this week. The extension was well signalled and did little […]

  • The Friday Forex Takeaway – Episode 37

    Key Points from This Week US Civil Unrest Intensifies Black Lives Matter protests, which sprung up in the wake of the killing of unarmed, black-American George Floyd last week, have raged for 10 nights now. Sprawling across more than 141 cities the protests have been met with a highly aggressive response from the police force […]

  • 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.

  • 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 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 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 Friday Forex Takeaway – Episode 29

    Key Points From This Week Fed Announces New Liquidity Program The Fed announced a further set or surprise measures this week in the form of a $2.3 trillion corporate loan system. The funding has been made available to the Fed via the emergency coronavirus package approved by US congress last month and will aim to […]

  • 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 […]

  • OPEC Calls Emergency Meeting Amidst Oil Rout

    Will Saudi Arabia & Russia Finally Co-operate? Oil prices have turned higher at the end of the week following the calling of an emergency OPEC+ meeting next week. Following calls from President Trump to end the stand-off between Saudi Arabia and Russia, Saudi Arabia has announced the meetings for Monday April 6th. Taking to Twitter […]

  • The Friday Forex Takeaway – Episode 28

    Key Points From This Week Chinese Manufacturing Recovers Following a plunge to record lows of 35.7 in February, the Chinese manufacturing sector rebounded firmly in March to post highs of 52.3 on the Caixin PMI index. The market had been forecasting a recovery to just 44.9 and was pleasantly surprised by the news. With lockdown […]