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In this article, we examine the significant weekly order flow and market structure developments driving WTI price action. The primary expectation for this week was for price discovery lower, barring failure of 33.88s as resistance. This expectation did play out as a sell response developed i...

The cost of transporting oil on supertankers has soared as refiners and traders scramble to secure vessels to ship more crude. That has increased the cost of loading barrels from Arabian Gulf producers. Crude oil prices continue to fall with steep fluctuations - dropping more than half sin...

Crack spreads reflect the economics of processing a barrel of crude oil into oil products. The raw crude oil passes through a catalytic cracker and heat transforms the petroleum into gasoline or distillates. The distillates include heating oil, jet and diesel, and other fuels. Crack spreads ...

The two benchmarks in the crude oil market are the Brent and WTI or West Texas Intermediate prices. Brent crude oil's price reflects the energy commodity produced in Europe, Africa, and the Middle East. The WTI price is the standard for crude oil that comes from the crust of the earth in North...

Saudi Arabia and Russia decided to wage an oil price war, and it is clear that American shale producers are the target. The Russian position was that it had supported output cuts for more than three years, and shale production has seized market share as a result. Saudi Arabia's aggressive po...

The Widespread Oil Storage Glut Everyone Is Talking About Won't Happen And Here's Why - OMF 3/20 With the coronavirus fears worsening and analysts cutting global oil demand by as much as ~20 mb/d now, analysts now fear that there will be a storage glut so big that oil prices could fall to $5...

The outbreak of Coronavirus created demand destruction in the oil market. Throughout 2019 and into 2020, shares energy-related companies lagged both the crude oil and stock markets. The weak performance in the sector turned out to be a harbinger of lower prices for the price of crude oil. In e...

Despite the best day ever for crude on Thursday, which saw futures soar 24% , oil traders are struggling to navigate one of the biggest oil crashes in history, writes Bloomberg's Catherine Ngai . More news on: The United States Oil ETF, LP, iPath S&P GSCI Crude Oil Total Return Index...

Welcome to the it won't last edition of Oil Markets Daily! Whether it's the senators stepping in to tell President Trump that oil prices are too low or Trump now acknowledging that low oil prices are hurting shale producers, the price war won't last from even the Saudi or Russia angle eit...

At the time of writing, the iPath S&P GSCI Crude Oil Total Return Index ETN ( OIL ) is taking a beating, with shares down over 14% during the trading day. While this selloff is very traumatic and extends the year-to-date losses to well over 50% in the ETN, I believe that investors should s...