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Newsletter
Crude Prices Continue To Hold
Good morning, The market looks like WTI will hold price above $60/barrel this week. There are so many variables flying around right now. The bulls are being pushed by FED keeping rates low, Saudi Arabia hammering cuts through 2019, Iran and Venezuela sanctions, positive progress on the US and China trade talks, and feelings of […]
WTI Crude Over $60/Barrel
Good afternoon, WTI Crude price closed this week over $60/barrel for the first time since last fall. The rise in pricing has been attributed to tightening sanctions on Iran and Venezuela, OPEC and Russia continuing to deliver on production cuts, and strong world demand. In addition, the EIA’s inventory report showed a massive drop in […]
The Bulls Lead the Way
Good morning, The net long positions in crude continue to build for both WTI and Brent. Many traders are really holding on to OPEC’s compliance to cuts and the sanctions placed on Iran and Venezuela. In addition, there continues to be reports of progress on the China/US trade deal. Although the US rig count declined, […]