AI Swinging for The Fences – Traders Market Weekly

Feb 18-24, 2024 FEAR NOT Brave Investors Where have we been and where are we going? Join our weekly market thread on Traders Community… The Week That Was – What Lies Ahead? Contents Click on the links below to navigate to the relevant section. Editorial Hallmarks of previous manias were in abundance this week, from the shrugging off violent selloffs on Tuesday in bonds and stocks after a hot CPI to ramped stocks like SMCI, NVDA and ARM to name … Continue reading “AI Swinging for The Fences – Traders Market Weekly”

Around the Barrel – Oil Prices Outlook for the Week Ahead

Oil futures did something they haven’t done for a while, both WTI and Brent crude tallied a second straight weekly gain. WTI settled at its highest since early November. The price being influenced by the US dollar, the outlook for interest-rate cuts by the Federal Reserve, ratcheting-up of tensions in Middle East, and uncertainty about crude demand. The strength of the dollar offsets price manipulation attempts measures by OPEC and the incessant hopes economic conditions in China will improve. West … Continue reading “Around the Barrel – Oil Prices Outlook for the Week Ahead”

EIA Report +12.018Mbbl Build, Gasoline Stocks Shrink Over -3Mbbls Again -Around The Barrel

EIA reported a crude build of +12.018Mbbls. Gasoline stocks fell -3.658Mbbls after reaching a reached a fresh three-year high two weeks ago, still a lot of Gasoline building up. Distillate drew -3.221Mbbls in inventories. The WTI Futures Hub at Cushing stocks had a +0. 710M build. Domestic US oil production figures remained at the all-time high 13.3mbpd. Refinery utilization fell -1.8% to 80.6%. There was +0.746Mbbls added to SPR inventory WoW. Oil prices volatility continues in a tight range continue … Continue reading “EIA Report +12.018Mbbl Build, Gasoline Stocks Shrink Over -3Mbbls Again -Around The Barrel”

OPEC Monthly Oil Market Report February 2024

The OPEC Monthly Oil Market Report (MOMR) for February 2024 released Tuesday provides OPEC’s outlook for crude oil market developments for the coming year with key developments impacting oil market trends in world oil demand and supply. Saudi Arabia’s energy minister said that OPEC stands ready to alter its policy at any time the day before the release. The report comes after Oil prices have pulled back but remained volatile after initially surging rose after the Hamas/Israel war. OPEC blames … Continue reading “OPEC Monthly Oil Market Report February 2024”

China and America, a Tale of Two Markets – Traders Market Weekly

Feb 11-17, 2024 FEAR NOT Brave Investors Where have we been and where are we going? Join our weekly market thread on Traders Community… The Week That Was – What Lies Ahead? Contents Click on the links below to navigate to the relevant section. Editorial While stock markets in America, Australia, France and Germany have all tagged record highs in this thrust higher a huge point of difference is while U.S. equities are in the throes of a major speculative … Continue reading “China and America, a Tale of Two Markets – Traders Market Weekly”

Gasoline and Distillates Stocks Show Big Draws After Weeks of Builds – Around The Barrel

Oil prices continue to churn on Chinese woes and Mid East Threats after they had their largest weekly decline since October last week, moving higher as Red Sea and Iranian threats grow deeper. EIA reported a crude build of +5.520MMbbls. Gasoline stocks fell -3.146M after reaching a reached a fresh three-year high last week having risen +1.156M, 4.913Mbbls, +3.083Mbbls, +8.028Mbbls and +10.9Mbbls last weeks, that’s a lot of Gasoline building up. Distillate drew -3.221MMbbls in inventories. The WTI Futures Hub … Continue reading “Gasoline and Distillates Stocks Show Big Draws After Weeks of Builds – Around The Barrel”

The Dislocation of War and Markets – Traders Market Weekly

Feb 6-12, 2024 FEAR NOT Brave Investors Where have we been and where are we going? Join our weekly market thread on Traders Community… The Week That Was – What Lies Ahead? Contents Click on the links below to navigate to the relevant section. Editorial This week brought a powerful reminder how disconnected financial markets can be, particularly those in the US are from factors that either don’t directly affect them or unrelated to stock prices. The world was at … Continue reading “The Dislocation of War and Markets – Traders Market Weekly”

Around The Barrel – Gasoline Stock Hit Three Year High Rising Over 28Mbbls Last Month

EIA reported a crude build of +1.234MMbbls. Gasoline stocks reached a fresh three-year high rising another +1.156M adding to 4.913Mbbls, +3.083Mbbls, +8.028Mbbls and +10.9Mbbls last weeks, that’s a lot of Gasoline building up. Distillate drew -2.542MMbbls in inventories. The WTI Futures Hub at Cushing stocks fell with a -1.972M draw after last fortnights draws of -2.008M and -2.099Mbbls. Domestic US oil production figures rose 700kbpd to 103Mbpd as winter storm shut ins came back online, just off the all-time high … Continue reading “Around The Barrel – Gasoline Stock Hit Three Year High Rising Over 28Mbbls Last Month”

Traders Market Weekly: America on Show; Big Oil, Apple, FOMC and Boeing

Jan 28 to Feb 5, 2024 FEAR NOT Brave Investors Where have we been and where are we going? Join our weekly market thread on Traders Community… The Week That Was – What Lies Ahead? Contents Click on the links below to navigate to the relevant section. Editorial The S&P 500 reset its intraday record high Friday 4906.69 then drifted modestly lower to close the week 4890.97 ending the S&P 500’s six consecutive record closing highs. With so many headwinds … Continue reading “Traders Market Weekly: America on Show; Big Oil, Apple, FOMC and Boeing”

Around The Barrel – US Production Fell 1Mbpd, Refinery utilization fell -7.1% on Storms Shut Ins

EIA reported a crude draw of -9.233Mbbls. Gasoline stocks rose another +4.913Mbbls adding to +3.083Mbbls, +8.028Mbbls and +10.9Mbbls last weeks, that’s a lot of Gasoline building up. Distillate drew -1.417Mbbls in inventories. The WTI Futures Hub at Cushing stocks fell with a draw of -2.008M after last weeks -2.099Mbbls. Domestic US oil production figures fell 1000kbpd with the winter storm shut ins off the all-time high to 13.3mbpd. Refinery utilization fell -7.1% to 85.5%. There was +0.900Mbbls added to SPR … Continue reading “Around The Barrel – US Production Fell 1Mbpd, Refinery utilization fell -7.1% on Storms Shut Ins”