 |
Louisiana Light • 1 day | 74.87 | +0.86 | +1.16% | ||
|
Bonny Light • 1 day | 76.57 | +0.93 | +1.23% | ||
|
Opec Basket • 2 days | 75.47 | -1.62 | -2.10% | ||
|
Mars US • 18 hours | 72.83 | +1.44 | +2.02% | ||
|
Gasoline • 10 mins | 2.605 | -0.036 | -1.36% |
|
Bonny Light • 1 day | 76.57 | +0.93 | +1.23% | ||
|
Girassol • 1 day | 79.08 | +1.14 | +1.46% | ||
|
Opec Basket • 2 days | 75.47 | -1.62 | -2.10% |
|
Peace Sour • 9 hours | 66.78 | +0.79 | +1.20% | ||
|
Light Sour Blend • 9 hours | 68.08 | +0.79 | +1.17% | ||
|
Syncrude Sweet Premium • 9 hours | 77.03 | +0.79 | +1.04% | ||
|
Central Alberta • 9 hours | 66.38 | +0.79 | +1.20% |
|
Eagle Ford • 1 day | 69.01 | +0.79 | +1.16% | ||
|
Oklahoma Sweet • 1 day | 69.00 | +0.75 | +1.10% | ||
|
Kansas Common • 2 days | 62.00 | +0.00 | +0.00% | ||
|
Buena Vista • 6 days | 76.40 | +1.64 | +2.19% |
Breaking News:
EIA Boosts U.S. Oil Production Forecast For 2023
The EIA has increased its…
Oil Prices Climb As Saudi Arabia Goes It Alone With Additional Cut
Oil prices rose slightly on…
Oil Markets Could Get Very Ugly, Very Quickly
As WTI Crude tests new lows this morning (Dec contract $45.32) after API reported a huge build...
Brent resumes downward trend, briefly dips below $48 to lowest level in over 2-weeks. WTI extends drop toward $45 after API reports larger 7m bbl increase in U.S. crude inventories.
“API showed another huge build in crude stock yesterday -- now markets are awaiting today’s official EIA report for confirmation of the trend,” says Global Risk Management oil risk manager Michael Poulsen.
Related: Day Of Reckoning For U.S. Shale Will Have To Wait
“Refinery utilization continues to be low due to maintenance season; could be a reason for the larger-than-expected build”
WTI at 3-week lows...
(Click Image To Enlarge)
...we can't help but wonder "what happens next" in Dow Transports as the exuberant index has decoupled from oil for the 3rd time in a week...
Related: The End Of The European Refining Boom Or Just A Pause?
(Click Image To Enlarge)
Related: Is Oil Trending? How Twitter Influences Oil Price Volatility
Is third time the charm?
There is only one problem!!
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Gartman on WTI CRUDE OIL:
The Contango Widens and Trend Lines Are Broken: We were fortunate enough to have exited long positions, now we have to find a point at which to enter from the short side for we fear that this could get very, very ugly and do so very, very quickly.
Charts: Bloomberg
By Zerohedge
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