OPEC+ Under-produced Despite Energy Crisis
OPEC+ produced less than promised despite global energy shortage. The alliance comprised of 10 OPEC members, 9 non-OPEC producers and 3 OPEC members exempted from quotas produced a total of 40.73M bpd...
View ArticleCFTC Commitments of Traders – Energy Prices Remain Strong as Power Shortage...
According to the CFTC Commitments of Traders report for the week ended October 12, NET LENGTH of crude oil futures rose +6 469 contracts to 404 776. Speculative longs jumped +15 440 contracts while...
View ArticleCrude Oil Inventory Surprisingly Dropped, Supporting Price
The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks slumped -9.81 mmb to 1228.91 mmb in the week ended October 15. Crude...
View ArticleCFTC Commitments of Traders – Relentless Rally Sent Crude Oil Price to 7 Year...
According to the CFTC Commitments of Traders report for the week ended October 19, NET LENGTH of crude oil futures jumped +24 818 contracts to 429 594. Speculative longs added +1 719 contracts but...
View ArticleCFTC Commitments of Traders – Bets Reduced on Crude Oil Futures as Price...
According to the CFTC Commitments of Traders report for the week ended October 26, NET LENGTH of crude oil futures dropped -5 876 contracts to 423 718. Speculative longs slumped -15 549 contracts...
View ArticleUS Crude Oil Inventory Gained More Than Expected, Weighing on Prices
The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks added +0.63 mmb to 1233.92 mmb in the week ended October 29. Crude oil...
View ArticleCFTC Commitments of Traders – Profit Taking Continued in Energy Futures
According to the CFTC Commitments of Traders report for the week ended November 2, NET LENGTH of crude oil futures dropped -4 425 contracts to 419 293. Speculative longs dropped -4 425 contracts while...
View ArticleGold Remains Firm in Near-term as Central Banks Downplayed Rate Hike...
Gold price consolidates at the highest level in 2 months. Its recent rally has been driven by major banks’ attempt to tame rate hike expectations. We expect its strength to remain in the near-term....
View ArticleUS Crude Oil Inventory Surprisingly Dropped. Yet, This Fails to Rescue Price...
The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks sank -8.87 mmb to 1223.87 mmb in the week ended November 12. Crude oil...
View ArticleCFTC Commitments of Traders -Bets on Crude Oil Price Declined Sharply on Both...
According to the CFTC Commitments of Traders report for the week ended November 16, NET LENGTH of crude oil futures dropped -5 527 contracts to 415 785. Speculative longs slumped -42 410 contracts...
View ArticleUS Crude Inventory Surprisingly Increased
The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks slumped -5.98 mmb to 1217.89 mmb in the week ended November 19. Crude...
View ArticleCFTC Commitments of Traders – Global Commodity Prices Slumped on Omicron Worries
According to the CFTC Commitments of Traders report for the week ended November 23, NET LENGTH of crude oil futures sank -8 128 contracts to 407 657. Speculative longs added +417 contracts while...
View ArticleUS Crude Oil Inventory Dropped Less than Expected. Price Continued to Fall on...
The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks rose +4.27 mmb to 1222.16 mmb in the week ended November 26. Crude oil...
View ArticleCFTC Commitments of Traders – Traders Remained Bearish over Commodity Prices...
According to the CFTC Commitments of Traders report for the week ended November 30, NET LENGTH of crude oil futures slumped -20 423 contracts to 387 234. Speculative longs added +1 276 contracts while...
View ArticleUS Crude Oil Inventory Dropped, While Petroleum Stockpile Gained Last Week
The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks rose +4.27 mmb to 1222.16 mmb in the week ended December 3. Crude oil...
View ArticleCFTC Commitments of Traders – Traders Trimmed Long Position in Crude Oil....
According to the CFTC Commitments of Traders report for the week ended December 7, NET LENGTH of crude oil futures slumped -20 002 contracts to 367 232. Speculative longs declined -19 277 contracts...
View ArticleUS Crude Oil and Petroleum Inventory Unexpectedly Dropped
The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks slumped -15.87 mmb to 1210.49 mmb in the week ended December 10. Crude...
View ArticleCFTC Commitments of Traders – Rally in Gold Price should Lead to Rebound in...
According to the CFTC Commitments of Traders report for the week ended December 14, NET LENGTH of crude oil futures slumped -20 095 contracts to 347 137. Speculative longs declined -9 352 contracts...
View ArticleCFTC Commitments of Traders – Long Bets of Crude Oil Futures Reduced on...
According to the CFTC Commitments of Traders report for the week ended December 21, NET LENGTH of crude oil futures sank -6 882 contracts to 340 255. Speculative longs dropped -4 957 contracts while...
View ArticleUS Crude Oil and Petroleum Inventory Fell Across the Board
The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks slumped -1891 mmb to 1184.59 mmb in the week ended December 24. Crude...
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