Tom Kool

Latest articles from Tom

• All Eyes On OPEC As Oil Prices Sink

  Published 23 June 2017 | viewed 24,624 times

  Oil prices have been falling throughout the week, hitting a 10-month low on Wednesday, but Friday trading has seen a slight recovery. (Click to enlarge)…

• Is $40 Oil On The Horizon?

  Published 20 June 2017 | viewed 17,250 times

  Despite a busy week in oil news, prices are hovering around the mid-$40s mark as inventories remain high and production from OPEC members Libya and…

• Can Oil Come Back From Its Longest Losing Streak In Years?

  Published 16 June 2017 | viewed 33,681 times

  Oil prices recovered somewhat in Friday’s trading session as markets reacted stoically on another rise in the U.S. rig count. (Click to enlarge) (Click to…

• Oil Flat As OPEC Sees Market Balancing At “Slower Pace”

  Published 13 June 2017 | viewed 9,918 times

  Oil prices held mid to higher $40’s as OPEC admits it sees the markets rebalancing at a slower pace than anticipated. (Click to enlarge) (Click…

• Pessimism Sweeps The Oil Markets

  Published 09 June 2017 | viewed 20,224 times

  Oil has fallen lower this week, with a particularly bearish EIA report combining with geopolitical tensions in the Middle East to push prices downwards. Another…

• Bearish News Mounts For Oil Markets

  Published 06 June 2017 | viewed 15,453 times

  The 9-month extension to the OPEC deal has had a surprisingly negative impact on oil prices, which headed downward once again at the start of…

• OPEC’s Conundrum: Higher Prices Or Market Share

  Published 02 June 2017 | viewed 11,450 times

  Oil prices retraced this week as oversupply worries once again resurfaced in spite of a bullish U.S. inventory report. (Click to enlarge) (Click to enlarge)…

• Oil Markets Worry OPEC Has No Exit Strategy

  Published 30 May 2017 | viewed 13,337 times

  Oil prices fell slightly on Monday as analysts worry about the long-term implications of the OPEC output cut deal, fearing that OPEC does not have…

• Naive Hedge Funds Bet Too Big On An OPEC Cut

  Published 26 May 2017 | viewed 15,694 times

  It seems that hedge funds and money managers had built up too big a bullish position before the OPEC deal, send oil prices down when…

• OPEC Deal: 9-Month Extension Looking Increasingly Likely

  Published 23 May 2017 | viewed 10,690 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 15,869 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 18,618 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 19,186 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 13,395 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 15,881 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 25,392 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 25,355 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 11,129 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 42,970 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 12,475 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…