Oil prices have been on the rise while other risk assets have been on the slide, why is that? We look at the fundamentals and technical analysis behind the rise of WTI and Brent crude oil futures both up seven straight weeks. The longest winning streaks since February last year. The geopolitical and derivative frameworks have much to do with energy prices, how do we trade and invest with that. For August WTI is up 17.8%, Gasoline is up 12.6%, … Continue reading “Crude Oil Up 7 Straight Weeks, Why and Where from Here”
The Dallas Fed First Quarter Energy Survey released on March 25, 2020 asked what West Texas Intermediate (WTI) oil price does your firm need to cover operating expenses for existing wells? The coronavirus and Saudi price war has crashed oil prices.
Our TCOIL preview for this week’s EIA DOE Weekly Petroleum Status Report highlights the key variables to watch out for. Crude oil markets are watching products and production after earnings with the all important import export trade.
West Texas Intermediate Crude Oil futures (WTI) Friday closed over a key previous weekly high over $55. WTI had been lagging behind Brent as shown in the BrentWTI spread widening. After a series of break and retests where to now?