Oil down almost $5 bbl in just 2 weeks and currently trading below the post OPEC/NOPEC deal. Options volatility (implied vols) moved higher on the price pullback. While producer (commercial)…
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ICE Arabica and ICE Robusta both closed sharply lower on what appeared to be fund selling. Futures market is now moving to major Support areas, just underneath closing values of…
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The heavy selling and volatility Wednesday was driven by the front of the curve technical positioning. Gasoline again proved to be a good “leading indicator” for crude flat price direction,…
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The oil price is $6+ bbl higher from recent intraday low in only a few trading sessions. The long positioning “washout” appears to be behind us and the market perception…
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Oil prices higher as geopolitical risk is putting $1 or so premium to price. This has not been the case for long. The consequences are unclear as Syria’s oil is…
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