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The Crude Chronicles - Episode 35

Negative Oil PricesCrude oil prices have seen record moves this week as the capitulation in concerns for the demand outlook resulted in a downside shock with prices breaking below $0 for the first...

The Crude Chronicles - Episode 33

Oil Demand Decimated by Covid-19 DisruptionFollowing the mild recovery seen in WTI price action last week, momentum has stalled with oil prices trading roughly flat so far on the week. The main driver...

The Crude Chronicles - Episode 32

Oil Demand CrateringThe WTI markets has seen another round of selling this week as the global situation continues to draw concern for the demand outlook. The rebound in risk assets over the prior week...

The Crude Chronicles - Episode 30

WTI long Positions Reduced AgainThe CFTC COT positioning report showed that net long positions in WTI crude dropped by 972 contracts last week to 387,397 contracts in total. The move was the result of...

The Crude Chronicles - Episode 29

The latest CFTC COT positioning report showed that net long positions in WTI crude were reduced by 43,097 contracts last week taking the total position to 388,369 contracts. It is safe to say that...

The Crude Chronicles - Episode 28

Oil Recovers As Stimulus Helps Risk Appetite ReboundBenchmark WTI prices have risen steadily this week, spurred on by a broad improvement in global investor appetite. Markets started the week in...

The Crude Chronicles - Episode 27

Oil Sinking As Risk Appetite EvaporatesThe CFTC COT report reflected an increase in upside positions in WTI last week of 14,995 contracts. This latest increase in long positioning takes the total...

The Crude Chronicles - Episode 26

Crude Recovers On COVID-19 OptimismBenchmark WTI prices have risen over the week as the rebound in global investor appetite helped oil recover from earlier losses in the week. Negative headlines...

The Crude Chronicles - Episode 25

Benchmark WTI prices have had a much stronger session this week with prices recovering to highs of mid $51 from recent lows of $49. The recovery has largely been attributed to the recovery in global...