Tag: WTI

The Daily Dose

February 12, 2020

-Libyan production is not the same as Libyan exports. -The rally in crude oil prices may be technical in nature. -Oil prices may be supported by a fire at an Exxon refinery in Baton Rouge. Crude oil prices were on pace for the third straight day of advances in early Wednesday trading amid signs the … More The Daily Dose

The Daily Dose

February 11, 2020

Crude oil prices were in recovery mode in early Tuesday trading, with Brent getting a good bounce off a support level of around $53 per barrel. Commodities were riding the wave created by a surge in equities, though the recovery for oil may be more technical in nature. Competing signals in supply and demand have … More The Daily Dose

Russia Rising

February 10, 2020

Risk level: Orange RED: Severe (+/- 4%) ORANGE: High (+/- 3%) YELLOW: Elevated (+/- 2%) BLUE: Guarded (+/- 1%) THE BOOSTER SHOT Russian influence growing, and not just at OPEC. Expect a volatile week in crude oil prices still searching for resistance. The crimp on fuel demand and lower refinery runs stemming from the outbreak … More Russia Rising