Sign in to follow this  
Followers 0
Rodent

Oil on 3-week high again!

Recommended Posts

It's hard for me to imagine how a little thing such as Saudi arabia's comments keep lifting comments, for like the bazillionth time in a row. Other catalysts include Libya production outage.

 

 

 

Share this post


Link to post
Share on other sites

I can't understand this either. But it keeps happening.

Share this post


Link to post
Share on other sites

...and it has erased gains again. Watch the dollar, that's the fundamental to pay attention to at this moment in time

Share this post


Link to post
Share on other sites

It's very whiplashy. Now WTI is up and Brent is down. 

Share this post


Link to post
Share on other sites

Yes the USD and EUR are determining commodity prices a lot lately more so than the API reports.  The moves over $1 wide everyday! Stockpiles aren't changing much

  • Upvote 1

Share this post


Link to post
Share on other sites

Falling cushing inventories have kept WTI afloat though..

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
You are posting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  
Followers 0