Post Profile

WTI Crude Tumbles Back Below $60

Despite reassurances from Goldman's Jeffrey Curries that global demand is "rock solid," it appears anxiety over US shale production, rising inventories, and questions over OPEC's deal extensions (as well as insanely extreme long speculative positioning) has sparked significant weakness in oil prices... Despite the selloff in equities and oil markets, fundamentals “are very much intact,” Jeffrey Currie, global head of commodities research at Goldman Sachs, says in comments on Bloomberg TV and radio.
read more


Related Posts

WTI/RBOB Stumble After Mixed Inventory Data, 16th Straight Week Of Increased Crude Production

Business & Finance : Zero Hedge

WTI/RBOB prices were relatively unchanged from last night's API inventory print (despite some volatility from OEPC headlines) ahead of the DOE print, but that did not last long as Crude saw a much bigger than expected draw (-4.43mm ...

WTI Tumbles Below $57 As OPEC-Hype Fades

Business & Finance : Zero Hedge

Goldman's Damien Courvalin seems to have perfecvtly summed things up - the market was pricing in an OPEC production cut extension of 6-9 months (accounting for around a $2.50 premium in the price). Today's jawboning from Russia seem...

Oil Spikes As Saudis Reportedly Push For OPEC Production Cut Extension

Business & Finance : Zero Hedge

Ahead of tonight's API inventory data, WTI Crude prices wer fading after 5 straight days higher. That was until WSJ reports Saudi Arabia wants OPEC to extend production cuts, sending oil prices spiking higher... Reuters additionally...

WTI Tumbles Back To A $50 Handle On Iran, Default, And Cushing Build Fears

Business & Finance : Zero Hedge

Having surged on Tuesday when the Iran "deal" was confirmed and tumbled yesterday despite inventory draws and production decreases, WTI crude is re-slumping back to a $50 handle this morning as traders cite more Iran concerns (flatt...

WTI/RBOB Extend Gains After Biggest Crude Inventory Draw Of 2017

Business & Finance : Zero Hedge

WTI/RBOB prices jumped intraday on the heels of anonymous and ambiguous headlines about Saudi and OPEC production cut extensions and extended gains on API inventory data. After last week's surprise builds in crude (and at Cushing), ...


Copyright © 2016 Regator, LLC