Strong bounce yesterday looks to have run out of momentum as the dollar turns up this morning and equities slip back. WTI’s off over a dollar from earlier $97.76 highs with Brent almost $2 down from $114.33 highs in early … Continue reading
Move accelerated through the $1500 level to a high of $1511 helped by crude prices, as WTI extends gains to $96.40 from early lows around $94.65.
WTI and Ice Brent working higher this morning as S&P eclipses Friday’s highs. WTI’s up just over a dollar towards $95.50 with Brent up similar at $122.28
August Nymex crude down through yesterday’s low of $93.88 to $93.50 with nearby support now around $93.25. Gold also extending losses on the day to $1482.20, S&P steady around 1319
“Buy the rumour sell the fact” , worked a treat on the August WTI contract following the Greek vote. Nymex crude heading back towards the day’s lows, trading around $93.05 after highs of around $94.20
Both up again following the last announcement with WTI up to $94.27 and Brent to $110.85.
August WTI is up $1 from earlier Asian lows around $92.65 with Brent up around $109.70 from $108.50. S&P leading the way with futures up strongly around 1303.80
Hearing talk of stops now at 0.9840 as USD/CAD hits a day’s low of 0.9847. The move looks to be driven by the recent surge in oil prices and a rebounding EUR/USD.
WTI and ICE Brent heading higher on recent comments from Russsian Deputy PM Igor Sechin. Sechin commented that the recent IEA intervention /stock release from strategic reserves which caused a sharp drop last Thursday was a short term trend and … Continue reading
Hopes IEA stocks release is stopped immediately If IEA starts using strategic stocks for commercial reasons, it will be problem for everybody Oil price may come down following IEA release, still sees tight market in Q3, Q4