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WTI Challenges Highs As OPEC Talks 2019 Supply Cut

Market Overview Not long after we said the technicals across the energy complex were setting up for bearish momentum, WTI prices broke above key resistance and quickly climbed toward $66. Several [...]

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Technicals Looking Bearish for Crude and Products, Waiting for Fundamental Catalyst

Market Overview Intermarket relationships are giving mixed signals as crude and product pricing tries to find direction. US Dollar performance and the trend on Eurodollar yields point to [...]

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Technicals and Shaky OPEC Compliance Point to Further Losses

Market Overview A strong close in US equities and moderate weakness in the US Dollar saw WTI futures bounce from $60.00 to $62.30 during late week trading. However, OPEC jitters over the weekend [...]

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Fed Speak and Tariff Threats Spook the Energy Complex

Market Overview US crude oil and products bucked the trend following a week of high volatility containing statements from Chairman of the Fed, Jerome Powell and tariff threats out of the White [...]