As the Yuletide season approaches, it appears that Frosty the Snowman might be opting for remote work engagements, given the latest weather runs in Europe to be at or just above seasonal normal temperatures until early January. Notably, temperatures across
The past week has been a tale of two halves, with initial strength at the beginning of the week taking futures out of oversold sight, all for the EIA to come back with a vengeance (prime Batman style) and announce
Despite the heavy weakness recorded in crude last week, both Brent and WTI flat prices strengthened with Brent back into $80/bbl-category. With our latest CFTC report, we analyse latest CFTC and ICE COT data on Brent, WTI, Gasoil and RBOB to highlight the hedgers and speculators behind these price movements.
Declining oil prices saw both Brent and WTI decrease for the third consecutive week, dragging both prompt futures price actions below $80/bbl to 3-month lows of $79.54/bbl and $75.33/bbl on Nov 8 for Brent and WTI, respectively. The bearish addiction
The market is in flux, with Brent and RBOB channeling their inner Vincent Vega and Mia Wallace. Brent has got its bearish groove on, while RBOB’s cautiously strutting a bullish outlook, likely fueled by some refinery drama.
