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Brian Sulley: Hello. I am Tortoise Client Portfolio Manager Brian Sulley and I am joined by Tortoise Managing Director and Portfolio Manager Rob Thummel. It’s still 2019 but the election season is upon us. We are 377 days from the 2020 United States presidential election but only 102 ...
Welcome to a tight quarter edition of Oil Markets Daily! Global oil inventories continue to counter-seasonally decline especially in refinery maintenance-heavy month like October. Total oil stock inventories dropped 4.5 mbbls globally last week and what's going to be more staggering go...
Today's biggest action in energy commodities is in natural gas ( UNG +1.3% ), with December gas settling +1.7% to $2.32/MMBtu, on forecasts of lower than normal temperatures in parts of the central and western U.S. More news on: The United States Oil ETF, LP, The United States Natura...
Crude oil futures ( USO +2.6% ) settled at their highest levels in nearly a month , after U.S. government data revealed a surprise weekly decline in crude supplies for the first decline six weeks. More news on: The United States Oil ETF, LP, Energy Select Sector SPDR ETF, iPath S&P ...
By Bryce Bingham Oil production in the US has seen an explosion of growth over the last decade, which resulted in the US becoming the world's leading producer of oil last year. From 2010 to 2018, annual US crude production more than doubled, increasing from 5.5 million barrels per day (MMB...
Welcome to the complex edition of Oil Markets Daily! The complexity of the oil market never stops to impress us. Following the COSCO sanctions, the crude flow balance has been altered with the East starving of crude right in front of IMO 2020 and the West getting discounted in order to m...
I wrote an article back on March 9, 2016, “ Why Crude Oil Prices May Have Bottomed .” It was soon after oil prices had dropped to $26/b in February. As it turned out, oil prices had indeed bottomed. I recently read an article, Crude Oil Has Bottomed . The thesis is that U....
We took a brief hiatus from our weekly series Open Insights to update our oil thesis, recently published here . Picking up last week, we’ll do a quick one for today, and take a look at the EIA’s Weekly Petroleum Status Report (“WPSR”) for the week of October 11, 20...
Crude oil futures ( USO +1.2% ) close higher , helped by a report that major oil producers will consider deeper production cuts when they meet in December; December WTI, the new front-month contract, settled +1.8% at $54.48/bbl, December Brent +1.3% to $59.70/bbl. More news on: Th...
In this article, we examine the significant weekly order flow and market structure developments driving WTI price action. As noted in last week’s WTI Weekly , the primary expectation for this week was for price discovery higher, barring failure of 52.19s as support. This expectation ...
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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...