Tom Kool

Latest articles from Tom

• OPEC Deal: 9-Month Extension Looking Increasingly Likely

  Published 23 May 2017 | viewed 10,641 times

  Markets are reacting favorably as OPEC hints at a 9-month extension of its production cut deal with the May 25 meeting just around the corner.…

• OPEC Pushes Up Oil, But Will The Gains Continue?

  Published 19 May 2017 | viewed 15,840 times

  Oil prices broke the $50 mark in trading on Friday, suggesting that the OPEC deal extension rumors are still influencing markets. (Click to enlarge) (Click…

• Oil Prices Set To Rise On Back Of OPEC Deal Extension

  Published 16 May 2017 | viewed 18,527 times

  Oil prices climbed back up on Monday after Russia and Saudi Arabian oil ministers agreed on an extension of the current output cut deal  (Click…

• Oil Stabilizes As OPEC Ponders Deeper Cuts

  Published 12 May 2017 | viewed 19,149 times

  Oil prices appear to have recovered from last week's flash crash following a significant draw in U.S. inventories and bullish rumors surrounding the OPEC deal.…

• Is The Market Ignoring OPEC?

  Published 09 May 2017 | viewed 13,353 times

  As output in Nigeria and Libya rebound, markets seem unimpressed with OPEC’s announcement of a possible 9-month extension of the production cut agreement.  (Click to…

• Oil Prices Crash And Rebound After Technical Selloff

  Published 05 May 2017 | viewed 15,848 times

  Oil prices crashed on Thursday before bouncing back in trading on Friday, suggesting that the crash was due more to a technical selloff rather than…

• Oil Prices Fall As Hedge Funds Throw In The Towel

  Published 02 May 2017 | viewed 25,331 times

  Oil prices fell on Monday and Tuesday as hedge funds and money managers have started to cut bullish positions in oil in a reaction to…

• Crude Drawdowns Can’t Save Oil Prices

  Published 28 April 2017 | viewed 25,306 times

  Oil prices fell below $50 this week as rising U.S. oil output and increasing Libyan exports led to a more bearish sentiment in oil markets.…

• Will Russia Join The OPEC Cut Extension?

  Published 25 April 2017 | viewed 11,098 times

  As the global oil supply glut grows, Russia has not yet climbed on board of OPEC's production cut agreement extension.   (Click to enlarge)   (Click…

• Oil Crashes Into $40’s As Hedge Funds Sell Off

  Published 21 April 2017 | viewed 42,911 times

  Oil prices fell fast on Friday afternoon as traders see the rising rig count as yet another sign that the markets are still grossly oversupplied.…

• U.S. Shale Surging, But Oil Holds Steady

  Published 18 April 2017 | viewed 12,450 times

  Rising production in the two biggest U.S. shale basins and Saudi Arabia's newly ambiguous stance on the OPEC deal extension have resulted in oil prices…

• Oil Prices Rally Amid Rising Rig Count

  Published 14 April 2017 | viewed 33,948 times

  Oil prices have rallied back into the mid $50’s on a bout of bullish data, but a rising rig count and elevated production in the…

• Is The Oil Price Rally Running Out Of Steam?

  Published 11 April 2017 | viewed 21,848 times

  Oil prices started the week at a one-month high, with geopolitical tensions and growing confidence over an OPEC deal extension driving a rally. But as…

• Geopolitical Risk Premium Is Back In Oil

  Published 07 April 2017 | viewed 21,136 times

  WTI and Brent jumped to one month highs on the news of U.S. airstrikes in Syria, and while direct risks to oil supply are limited,…

• Oil Jumps On Growing Support For OPEC Deal Extension

  Published 04 April 2017 | viewed 24,365 times

  Oil prices rose at the beginning of the week on the back of drawing inventories and increased support for an extension of the OPEC output…

• Oil Prices Rise Above $50 On Outages, OPEC Expectations

  Published 31 March 2017 | viewed 26,527 times

  Oil prices rose this week as markets are more optimistic about an extension of the OPEC output deal and falling gasoline inventories (Click to enlarge)…

• Oil Prices Recover As OPEC Extension Seems Likely

  Published 28 March 2017 | viewed 15,825 times

  Oil prices inched higher on Tuesday morning as buyers joined the fray, aided by a more positive OPEC attitude towards a deal extension. (Click to…

• Will Iran Cut Production If OPEC’s Deal Is Extended?

  Published 24 March 2017 | viewed 15,072 times

  Oil prices fell this week on oversupply concerns and while certain OPEC members have showed interest in extending the current deal, a new deal is…

• Oil Heads Lower As Traders Sell The Rumor

  Published 21 March 2017 | viewed 24,631 times

  Oil prices fell to one week lows ahead of this week’s inventory data as rumors about a possible OPEC output cut extension failed to impress…

• Iraq Could Complicate OPEC Extension

  Published 17 March 2017 | viewed 8,685 times

  Oil prices are refusing to budge this Friday, despite a large increase in the U.S. rig count and some bearish noises from OPEC.   (Click…