Vaccine Hope Shifts Forward Prices Higher

Markets are trading sideways this morning, though remain elevated overall for the week. Markets are wrestling with two conflicting stories – short-term lockdown concerns and long-term hope for a rapid vaccine deployment. The crude oil forward curve, which shows the trading price of crude for each month over the next several years, has narrowed significantly […]

Week in Review – November 20, 2020

WTI crude finished the week higher, starting up on Monday with news of another effective vaccine lifting the market throughout the week. This new vaccine by Moderna reported 95% efficacy rates and a more manageable storage temperature. An inventory build in crude mid-week put downward pressure on the market but could not overcome OPEC optimism […]

Is OPEC+ Cutting Enough to Move Markets

Yesterday, WTI crude started the day up about a dollar after the news of the historic cuts by OPEC+.  Skepticism of the deal began to sway the market and the weight of crude demand destruction finally overshadowed the supply cuts as the market closed the day slightly lower.  Prices continue lower this morning even as […]

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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