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In my last article I called for a drop in oil prices - and we all saw that WTI barley survived falling below $50. I must confess that I’d expected prices to slip further into higher $40s but on the contrary we saw a rally that took prices all the way up to $57 - close to a very impo...
For watchers of the crude markets, it’s been a few perplexing weeks with the price of crude oil falling while the structure of the futures market has switched pretty firmly into backwardation across the curve. The reason why this market structure is so perplexing to many is that backwar...
Crude oil is the energy commodity that powers the world. When the global economy expands, demand for energy rises, and when it contracts, crude oil often moves to the downside. Perhaps the most dramatic example of how recessionary forces on a global scale impact the price of crude oil futures ...
In this article, we examine the significant weekly order flow and market structure developments driving WTI's price action. As noted in last week's WTI Weekly , the primary expectation for this week was for price discovery higher within the context of a potentially completed corrective phas...
Continuing our weekly series, Open Insights, we'll take a look at the EIA's Weekly Petroleum Status Report ("WPSR") for the week of August 9, 2019. EIA reported a crude build of 1.6M barrels for the week, adding to a build from last week to begin the month of August. Refinery utilization fel...
By Stacey Morris While recent oil price volatility has been in the spotlight, the weakness in natural gas prices has begun to cause headaches for upstream companies, with consequences for some midstream names. An oversupply of natural gas has sent prices to multi-year lows, creating challe...
If you like rate cuts and think they are powerful tools to help manage a soft patch, then there was good news in two international oil reports over the last week. The US Energy Information Administration ((EIA)) cut its forecast for global demand growth for the seventh straight month. On Frida...
Crack spreads look gloomy. The best phrase to describe last week's oil market is "roller coaster." You wouldn't think so if you just looked at the week's ending numbers. Front-month light, sweet crude wrapped up Friday at $54.40 a barrel, just a 2% loss for the week. The ride to Friday's c...
Continuing our weekly series, Open Insights, we’ll take a look at the EIA’s Weekly Petroleum Status Report (“WPSR”) for the week of August 2, 2019. EIA reported a crude build of 2.4 million barrels for the week, breaking a 7-week string of draws that saw crude inv...
This previous week in crude markets was very unusual in that we saw backwardation enter the forward curve as well as a broad-based selloff in price. Specifically, at present the market is $0.14 per barrel in backwardation in the front month contract which is the largest level of backwardation ...
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2024-04-13 16:28:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-03-14 15:36:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-03-04 02:28:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...