-
Oil Context Weekly (W38)
Flat Prices were range bound and generally directionless through most of the week, but mounting bearish macro sentiment caught up with the barrel and pressed prices steeply lower on Friday to their lowest level since January. Calendar Spreads reflected the general bearishness of crude’s week and both the prompt spread and the bellwether Dec22/Dec23 spread ended the week lower, though remain notably backwardated and still a decent way off from a sign of substantial worry (yet). Inventories data added further downside weight to the barrel, as high frequency stock data reported builds across all major regions (US, ... (full story)
- Comments
- Subscribe
-
- Older Stories
-
From whitehouse.gov|Sep 23, 2022|9 commentsWe, the Leaders of the Group of Seven (G7), strongly condemn the sham referenda that Russia attempts to use to create a phony pretext for changing the status of Ukrainian ...
-
From ihsmarkit.com|Sep 23, 2022Global refined oil product markets are on track to remain tight until mid-decade, with the global downstream industry facing significant near-, medium- and long-term challenges, ...
-
From youtube.com/cmegroup|Sep 23, 2022WTI touches eight-month lows on economic concerns, weak risk assets, a strong USD and eurozone PMI data. Larry Shover examines.
-
- Newer Stories
-
From energyintel.com|Sep 24, 2022The Permian Basin’s bounty of associated gas might be a curse for any supply holder coveting a tight basis to the Henry Hub. And as more gas flows east from the West Texas play, ...
-
From cnn.com|Sep 24, 2022Hurricane-strength Fiona is ripping through Canada's eastern seaboard after making landfall in Nova Scotia early Saturday, slamming the area with fierce rain and winds and ...
-
From energy.gov|Sep 24, 2022The U.S. Department of Energy (DOE) today announced a nearly $4.9 billion set of funding opportunities to bolster investments in the carbon management industry and to ...
- Story Stats
- Posted: Sep 24, 2022 12:02am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 188
