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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...
The American Petroleum Institute reportedly shows a build of 3.7M barrels for the week ending Aug. 9, following a 3.4M-barrel draw in the previous week. More news on: The United States Oil ETF, LP, iPath S&P GSCI Crude Oil Total Return Index ETN, VelocityShares 3x Long Crude Oil ETN,...
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...
Shipments have started on the first of three big Permian Basin pipeline expected to begin flowing this year, as commodities trader Trafigura says it began crude shipments to the Texas Gulf coast via the new Cactus II pipeline system. More news on: Plains All American Pipeline, L.P., Pla...
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 ...
A pump jack operates in the Permian Basin oil production area near Wink, Texas U.S. August 22, 2018. (Reuters) Oil prices tumbled last week as Brent crude fell below $60 per barrel for the first time in eight months. Brent finished at $58.53 while WTI fell to $54.50 per barrel. Some anal...
As a kid, I used to play this game called "Monkey in the Middle." I had a little brother and typically arranged it so that he was the monkey. A group of kids would stand around in a circle and throw a ball back and forth. The monkey's goal was to intercept the ball. When he got it, the child w...
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 lower within the context of an incomplete corrective phase from 60.9...
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2024-02-27 10:10:00 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...
2024-02-13 21:50:00 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...
2024-01-23 08:54:00 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...