• 4 minutes "Saudi Armada heading to U.S.", "Dumping" is a WTO VIOLATION.
  • 7 minutes Trump will be holding back funds that were going to W.H.O. Good move
  • 11 minutes Washington doctor removed from his post, over covid
  • 15 minutes Which producers will shut in first?
  • 7 hours Why Trump Is Right to Re-Open the Economy
  • 23 mins A small trial finds that hydroxychloroquine is not effective for treating coronavirus
  • 2 hours Sharp real pure true hard working roughneck needing work..
  • 23 mins Charts of COVID-19 Fatality Rate by Age and Sex
  • 32 mins Russia's Rosneft Oil is screwed if they have to shut down production as a result of glut.
  • 8 mins Corona Price Tag
  • 18 hours Wouldn't fall in demand balance it out?
  • 14 hours US Shale Resilience: Oil Industry Experts Say Shale Will Rise Again
  • 2 hours Bernie Sanders introduces bill to ban fracking
  • 4 hours 80's GOM Oil Fam: Mid-80's Oil Glut Part Deux?
  • 7 hours CCP holding back virus data . . . . . . Spanish Flu 1918 MUTATED, Came in 3 waves, Lasted 14 months and killed upward 5% World population
  • 13 hours Its going to be an oil bloodbath
Dan Dicker

Dan Dicker

Dan Dicker is a 25 year veteran of the New York Mercantile Exchange where he traded crude oil, natural gas, unleaded gasoline and heating oil…

More Info

Another Energy Boom is on the Way

Trading energy and energy stocks this week have been a dangerous experience, as oil markets sloughed off more than $3 a barrel on little more than a whim.  DOE reports showed a certain stockpile increase, but those reports have been rather irrelevant for years, so pointing to this particular report as a reason for the quick drop would seem a major overstatement I won’t be foolish enough to make.

Much more believable would be the one-sided nature of the trade for the past week and a half, with traders looking for risk assets to again take the lead in a stock market that has continued to float upon a layer of liquidity and make new highs almost daily. 

But risk assets have done anything but cooperate – copper is bad, gold is bad as are the equally commodity based stocks like miners and materials.  With traders piling into oil as some sort of hedge for Kim Jung Un’s latest temper tantrum, it’s not hard to imagine the world being caught long and paying for it – as markets are wont to do -- punishing traders who even for a moment thought they’ve got it all figured out.

What I can say to readers of Oilprice Premium is that the overview of markets I’ve been providing has been a useful one, if you’ve read closely:  I warned very clearly of the collapsing spreads between West Texas Intermediate crude and the European Brent Crude benchmarks and told of the likely contraction of refiner margins that…




Oilprice - The No. 1 Source for Oil & Energy News