Quality Service and 3rd Generation Family Owned Since 1935
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Newsletter
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, […]
On the Up and Up
Good morning, WTI Crude prices continue to climb towards $60/barrel. As I have been writing, hedge funds took long positions on crude so bullish sentiment seems to be running the market. I believe that we will see prices peak somewhere in Q2 of this year. I think there will be an opportunity for hedge funds […]