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 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...
The Crude Chronicles - Episode 30
WTI long Positions Reduced AgainThe CFTC COT positioning report showed that net long positions in WTI crude dropped by 972 contracts last week to 387,397 contracts in total. The move was the result of...
The Crude Chronicles - Episode 27
Oil Sinking As Risk Appetite EvaporatesThe CFTC COT report reflected an increase in upside positions in WTI last week of 14,995 contracts. This latest increase in long positioning takes the total...
The Crude Chronicles - Episode 26
Crude Recovers On COVID-19 OptimismBenchmark WTI prices have risen over the week as the rebound in global investor appetite helped oil recover from earlier losses in the week. Negative headlines...
The Crude Chronicles - Episode 25
Benchmark WTI prices have had a much stronger session this week with prices recovering to highs of mid $51 from recent lows of $49. The recovery has largely been attributed to the recovery in global...
The Crude Chronicles - Episode 24
Corona-Virus Optimism Helps WTI RecoverThe main catalyst behind the movement in oil markets this week has been the developing situation with respect to the corona-virus outbreak in China. The spread...
The Crude Chronicles - Episode 23
Corona-Virus Driving WTI LowerThe CFTC COT positioning report showed that net long positions in WTI benchmarks were reduced by 9,744 contracts last week, taking the total position to 520,568...
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