• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 3 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 3 days How Far Have We Really Gotten With Alternative Energy
  • 3 hours The United States produced more crude oil than any nation, at any time.
  • 14 hours China deletes leaked stats showing plunging birth rate for 2023
  • 5 days Bad news for e-cars keeps coming
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

The Market Tells Me All I Need to Know

This is the mantra with which I will start my first entry for oilprice.com subscribers and will head everyone thereafter – it has been my guiding principle in my trading and has served me well.  Never be so smart that you can’t be swayed in your judgment by what the market is telling you. In the end, being right is nothing – making money is everything. 

So, what is the market telling me this week? 

There’s been a slackening in the WTI-Brent spread over the last 3 weeks of December, from over $25 premium to under $20, although in the last day or so we’ve seen a move just slightly over that round number again.  Now, we’ve seen moves back and forth in the WTI-Brent spread before, and to quote a monster commercial oil trading friend of mine “If I’m ever convinced to try and trade this spread again, promise to shoot me” – meaning that I’m not about to try to tell you precisely how more ‘normalized’ the spread might become or when it will make another run back to the highs.

All I will tell you is that the market in this spread is trending lower and has pressure on it, at least temporarily – and that will bias many of the trades I will look at over the next week and perhaps several, depending on where the spread goes from here.  Here are two of those trades:

First, a WTI/Brent spread with this kind of downwards pressure is going to put an UPWARDS bias on WTI futures, no matter what else is going on in the market.  I could talk analysis of the crude market…




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News