Tag Archives: Crude Oil

Why is Canadian oil so cheap? – Financial Post

$10 Handle On WCS Wow!  Canadian crude traded with a $10 handle! That is frickin’ stunning.  Production is stranded and nowhere to go.  Can’t use oil tankers for storage as they can’t get it to port. Here’s to wishing we … Continue reading

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Ten Good Weekend Reads

Here comes a $40 handle on crude! Why good forecasters become better people – FT  To make predictions, keep an open mind and understand what you don’t know Trump, Xi Signal Readiness for Trade Talks Ahead of G-20 Meeting – … Continue reading

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The Rack Trade Cometh & Killeth

The following trade is causing some mega pain and panic unwind within the energy trading community: Long Crude Oil futures/Short Natural Gas Futures It’s painful enough to be squeezed, but to be taking it at both ends is unbearable and … Continue reading

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Crude Testing Critical Support…Will Stocks Follow?

The near WTI futures price is down 21 percent since peaking on October 3rd as traders front ran the Iranian oil sanctions, which went in to place this week.   Fearing spiking oil prices, the U.S. granted waivers to eight of … Continue reading

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Lavender Wave Still Cometh

Massive Lavender Wave Coming In November We believe there will be a massive “lavender wave,” in the November midterms.  Lavender is the color combination of pink and blue. …In elections, women are also more likely to vote in higher numbers and … Continue reading

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Crude Reality For Emerging Markets

This chart comes to us via the “Polish Swish,” known for his nuttin’ but net baseline jumper.  It illustrates the local pain of rising oil prices in a few selected emerging markets. Crude oil is priced in dollars, and countries … Continue reading

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Week In Review – June 29

Summary Global equities finished the first half relatively weak. The S&P500 moved back and tested the bottom of the old trading range of 2700-2742.  We seriously doubt this range holds and expect lower prices unless POTUS gets religion on free … Continue reading

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COTD: U.S. Shale Breakeven Oil Prices

(COTD = Chart of the Day)                   Source:  World Bank-Global Monthly

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Crude Oil Gets C- On Today’s Test

We were looking for better price action in crude oil after this morning’s EIA release, which did confirm last night’s  API monster draws in inventories and showed that Cushing inventories at their lowest levels since Nov 2015.   But U.S. … Continue reading

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Crude Faces Key Test Today

After a monster draw on inventories in the API data released last night,  crude oil faces a key test on the EIA inventory release today.   If EIA confirms API and the oil price can’t hold its gains,  trouble in … Continue reading

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