A Year After Making Highs, Crude Oil Prices May Have Found Support
Now that supply chains have adjusted, we should be able to observe whether fundamentals are supportive of crude oil prices.
A Mix of Technical Factors Contributed to the Break in Momentum, With More Volatility Possible
The down week was not very surprising given the mix of indicators that were followed by weak economic data.
The Pace of Change in Crude Oil Storage is Starting to Look Supportive
Global storage is down >16mm bbls through the end of July, and outside of China like the start of a trend.
Are Air Traffic and Jet Fuel Prices Supporting Expectations for Higher Prices?
Air traffic notches upward in key regions, & cracks support greater distillate runs, suggesting a supportive contribution to demand number..
Month-end Approaches
With options expiration mid-week and futures rolling to the October contract, exposure levels offer insight into this week's trading ranges.
Diesel Market Positioned for Inventory Draws and Exports
Diesel Market Positioned for Inventory Draws and Exports - he authors of the EIA’s most recent Short Term Energy Outlook (STEO)...