-
November WTI Crude Oil Commentary 9/18/24
The Nov WTI trading session settled at 69.88(-0.08), had a high of 70.31, a low of 68.58. Cash price is at 71.21(+1.07), while open interest came in at 346,083. Higher on the day by -0.11% CLX traded above its 7 day (68.2) but below its 20 day (70.42), its 50 day (73.59), and its 200 day (74.94) moving-averages. The COT report as of 9/13 showed commercials with a net short position of -207,021 (less short by 32,348 compared to last week) to non-commercials who are net long 174,881 (less long by -29,903 compared to last week). The EIA this morning showed that the week ending in September 13th U.S. crude oil refinery ... (full story)
- Comments
- Subscribe
-
- Older Stories
From interest.co.nz|Sep 18, 2024Media reports are coming in about a second wave of exploding communications devices used by Iran-backed Hezbollah in Lebanon, walkie-talkies this time. The reports say there were ...
From forex24.pro|Sep 18, 2024Brent oil quotes continue to move within the development of growth and a bearish channel. At the time of publication of the forecast, the price of Brent crude oil is 72.75 dollars ...
From barchart.com|Sep 18, 2024Each week the SpreadEdge Newsletter documents an extensive list of seasonal, technical and fundamental indicators for the various commodity markets. This week there are several ...
-
- Newer Stories
From morningstar.com|Sep 19, 2024|2 commentsAfter two years of high interest rates, Jerome Powell’s Federal Reserve is now pivoting to easing monetary policy. The Fed’s decision Wednesday implies that the main battle ...
From argusmedia.com|Sep 19, 2024India has reduced the windfall tax on domestic crude production to zero from a previous 1,850 rupees/t ($3/bl), in line with a fall in global oil prices. The new rate is effective ...
From corporate.nordea.com|Sep 19, 2024The FOMC today cut rates by 50bps to a 4.75%-5.0% range. In the dot plot, members are almost evenly split between a further 25 or 50bps of cuts this year, probably an indication ...
- Story Stats
- Posted: Sep 19, 2024 12:04am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 79
