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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 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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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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