Oil Demand Continues To RiseThe oil market has seen a further recovery this week amidst a broad pickup in risk sentiment as global stay-at-home measures continue to ease. Parts of America have been...
The Crude Chronicles -Episode 38
Oil Recovery Rally Loses SteamThe oil market has seen a week of heavily reduced volatility compared with price movements registered over the prior weeks. In the aftermath of the heavy selling which...
The Crude Chronicles - Episode 36
Crude Long Positions BuildingThe CFTC COT positioning report showed that large speculators and hedge-funds (non-commercials) increased their positions in WTI last week by 76,511 contracts to a total...
What Caused Oil Prices To Turn Negative?
COVID-19 Creating Historic Market ConditionsThe COVID-19 crisis which has dominated both financial and mainstream news flows this year has created unprecedented conditions in both people’s lives and...
The Crude Chronicles - Episode 35
Negative Oil PricesCrude oil prices have seen record moves this week as the capitulation in concerns for the demand outlook resulted in a downside shock with prices breaking below $0 for the first...
The Crude Chronicles - Episode 34
Oil Hits Fresh LowsIt’s been a frustrating week for oil bulls. Following the mild decline seen from last week’s highs, losses have been extended this week with price trading down to fresh 2020 lows as...
The Crude Chronicles - Episode 33
Oil Demand Decimated by Covid-19 DisruptionFollowing the mild recovery seen in WTI price action last week, momentum has stalled with oil prices trading roughly flat so far on the week. The main driver...
The Crude Chronicles - Episode 32
Oil Demand CrateringThe WTI markets has seen another round of selling this week as the global situation continues to draw concern for the demand outlook. The rebound in risk assets over the prior week...
The Crude Chronicles - Episode 31
Oil Slide Pauses For NowFollowing weeks of heavy selling, WTI prices have seen some minor demand this week allowing prices to recover somewhat. The uptick in prices has been linked to the rally seen...
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