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Investment thesis Since our last take on the Invesco DB Oil ETF ( DBO ), our constructive view has not materialized, as increasing geopolitical tensions in the Middle East were offset by mounting trade tensions between China and the U.S. In this context and given the risk-off environme...
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 16, 2019. EIA reported a crude draw of 2.7 million barrels for the week, as net imports fell off given higher exports and low...
Brent crude remained below the $60 per barrel barrier but made a slight rebound over the week to finish at $58.64 per barrel. WTI also achieved a slight weekly rise to $54.87 per barrel. Global financial markets wobbled, with traders and speculators looking to cash out amid fears of a loomin...
Welcome to the whipping boy edition of Oil Market Fundamentals! Oil prices have been the go-to whipping boy for macro headline trades. Trade war? Sell-off. Bullish storage draws? Ignored. Over the last 2-weeks, we've seen EIA report builds in US crude storage, but most of that is from ...
All data below, unless otherwise specified are from the latest OPEC Monthly Oil Market Report . All data is through July and is thousand barrels per day. OPEC crude oil production was down 246,000 barrels per day in July There is often a difference between what secondary sources say OPEC ...
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...
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2024-06-02 01:20:00 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...
2024-04-13 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...