Inventory Data Shows Demand Rising and Cuts Working

Yesterday, crude prices finished the day at 10-week highs after seeing some downward pressure when the EIA reported inventory numbers.  While crude had a surprise draw, products both built more than expected.  The bulls won out as the crude market closed with strength. Markets are seeing an uptick in demand across all products as the […]

Airlines Welcome Uptick in Demand

On Tuesday, WTI Crude finished a quiet day up about 50 cents to close out the June contract with gains on the books.  Oil prices have been on an upward trend for the past three weeks – spurred by increasing demand and OPEC+ production cuts. This morning we are seeing prices lifted by a bullish […]

Mid-Week Review – May 20, 2020

Oil rises on signs of firmer demand, fall in U.S. crude stocks Oil prices rose on Wednesday amid signs of improving demand and a drawdown in U.S. crude inventories but worries over the economic fallout from the coronavirus pandemic capped gains. Click here to read more from CNBC. Australia revamps climate fund to encourage Big […]

Fed Chairman States – Don’t Bet Against America

Yesterday, WTI crude broke into the $30 price range for the first time since the 1st quarter of this year. Prices are continuing their upward trend in early trading this morning. The negative prices of last month seem like a distant memory as the June contract prepares to expire while holding onto gains. Several factors […]

Natural Gas News – May 18, 2020

Nat Gas News  Why U.S. Oil And Natural Gas Demand Will Rebound From Coronavirus Amid COVID-19 and an oil price war, recent months have marked perhaps the roughest stretch ever for the U.S. oil and natural gas industry. For oil, sinking demand with global overproduction plunged prices and rattled balance sheets. In fact, oil prices […]

Natural Gas News – May 15, 2020

Nat Gas News Federal And Provincial Government Assistance For Canada’s Oil And Natural Gas Industry On April 17, 2020, the federal government announced financial relief measures for Canada’s oil and natural gas industry, which has been suffering due to reduced demand brought about by the COVID-19 pandemic and the associated drop in oil prices. The […]

Week in Review – May 15, 2020

The crude market is on track to post its third weekly gain, bringing crude prices to their highest level in over a month.  With rig counts falling to all-time lows, markets anticipate declining US oil production, which combined with OPEC+ cuts should help bring supply and demand back into balance. Many analysts believe oil markets […]

US-China Tensions Flare as World Returns to Normal

While oil markets are closely monitoring the return to normalcy for demand, equity markets are turning their attention to US-China tensions, which have continued escalating in recent days. Ths US has been ramping up its military presence in the Indo-Pacific region, conducting training exercises throughout the region and issuing provocative statements of America’s ability to […]

IEA Revises Forecast, Increases Demand Projections

Yesterday, crude prices fell from a DOE-induced rally to end the day in the red.  After the DOE released its weekly stats, the market rallied on positive crude inventory trends, only to give back those gains in afternoon trading. Markets are higher this morning on news that the IEA lowered its forecast for global crude […]

Market Condition Report - Disclaimer
The information contained herein is derived from sources believed to be reliable; however, this information is not guaranteed as to its accuracy or completeness. Furthermore, no responsibility is assumed for use of this material and no express or implied warranties or guarantees are made. This material and any view or comment expressed herein are provided for informational purposes only and should not be construed in any way as an inducement or recommendation to buy or sell products, commodity futures or options contracts.

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