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By Owain Johnson and Jeff White At a Glance The collapse in oil demand brought on by COVID-19 has pushed market volatility to record levels as prices fall. Crude oil implied volatility reached 185% in March. No other major exchange commodity has ever seen levels that high. While ...
Concerns about the economy have overtaken concerns about the virus. That's the conclusion reached by a series of polls conducted at fivethirtyeight.com. According to their surveys, Americans remain very concerned about the pandemic to start with. Thirty-eight percent say that, up from about ...
Investment thesis. Global equity markets made strong moves this week based on the strength and size of the fiscal and monetary stimulus along with the belief that we're nearing a contagion peak. However, investors haven't seen the actual economic numbers yet; wait for the markets to survive...
This sustainable output cut strategy will last until April 2022, starting with a reduction of 10 million bpd during May and June. OPEC+ has made the largest oil output cut in history. The move points to the alliance seeking to balance the oil market over the medium-term rather than worki...
As noted in last week’s WTI Weekly , the primary expectation for this week was for price discovery higher, barring failure of 22s as support. This expectation did not play out as the key support area, 29s-30s, held early week before a pullback to 23.54s developed into mid-week. Rotatio...
One of the underappreciated luxuries of analyzing US oil markets is weekly data on inventories, imports, exports, refining utilization, production, demand and more from the Energy Information Administration's ((EIA)) Weekly Petroleum Status Report . In response to requests and in acknowledg...
Messaging about the oil market by the largest three producers in the world - the United States, Russia, and Saudi Arabia - has become a three-ring circus. If there is one solid conclusion, they are not on the same page. OPEC has arranged for a virtual meeting on April 9th to include its memb...
This crash could add the finishing touches to the grand reshuffling of the upstream service sector that started in 2014 The last month has been a nightmare for the upstream service sector. Brent plunged to around $20 in March. And the signs of an impending upstream service sector recover...
The word “turbulent” only begins to describe this year’s price action in iPath S&P GSCI Crude Oil Total Return Index ETN ( OIL ). With prices witnessing over 50% declines on a year-to-date basis as well as last week seeing a rally of over 30%, trades in OIL have been i...
Down by nearly 11% at one point during the night, oil has now pared most of its losses. More news on: The United States Oil ETF, LP, iPath S&P GSCI Crude Oil Total Return Index ETN, ProShares Trust II - ProShares Ultra Bloomberg Crude Oil, Energy stocks news, Top stock market news, ...
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2024-06-28 03:22:00 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...
2024-06-07 20:52:00 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...
2024-05-17 13:06:00 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...