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OPEC Signals Rising Production, Energy Complex Falls

The energy complex has sold off following a surprise announcement by OPEC that they are considering an increase in production as early as next month. The drastic reduction in Venezuelan oil [...]

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Maduro ‘Wins’ Election, Spells Continued Trouble for Venezuelan Crude

Market Overview Maduro has won another term as president amidst accusations of vote rigging. During Maduro’s tenure, Venezuelan oil production fell roughly 40% to recent lows of 1.5 million. The [...]

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Iran Sanctions Push Prices Higher as Tensions Rise in Middle East

Market Overview With Iran sanctions back on the table any dips in the energy complex should be short lived. While OPEC has stated that member nations stand ready to maintain price stability, the [...]

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Iran Speculation Takes Center Stage Ahead of President’s Comments

Market Overview Weekly volatility has picked up as President Trump is scheduled to make an announcement on the Iran nuclear deal today at 2:00 pm EST. Implied volatility for prompt month WTI [...]

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Middle East Tension Boosts Price

Market Overview In a busy start to the week, Middle Eastern tension has ramped up as Israel has provided the US government with roughly 100,000 documents claiming to show that Iran has lied about [...]

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Rising Cost of Capital Threatens Bullish Fundamentals

Market Overview WTI futures had a slight extension over the previous weeks rally with prompt month contracts trading as high as $69.56. The fundamental environment remains supportive of oil [...]

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Sellers Looking for Positions as Global Risk Unwinds

Market Overview Risk premium that was priced into the energy complex because of tensions with Syria is beginning to sell off. While the coordinated strikes on Syrian chemical weapons facilities [...]

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Energy Complex Trends Higher Despite Trade Tensions

Market Overview The potential trade war between the US and China dominated price action last week and remains the focus for the coming sessions. Early trading this week has seen a rally in WTI [...]

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Trade War Fears and Equity Performance Weigh Heavily on Crude

Market Overview Trade war tensions continue to mount as China issues tariffs on US exports worth $3 billion following the issuance of tariffs on Chinese goods in excesses of $50 billion by the [...]

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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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