A general summary of options trading over the past few days as prices have rallied could be this: call profit taking, with some rolling into higher
Cushing inventories are sharply lower than last year… EIA
Cushing inventories declined sharply from last year... Here is the EIA’s “This Week In Petroleum”: ”Crude oil inventories held at Cushing,
Global Supply Tightens… WSJ
Christopher Alessi, WSJ, quotes Commerzbank analysts, here... ””News that China is now also reducing its oil purchases from Iran presumably gave
Hedge funds add to length in energy markets… Kemp
John Kemp’s weekly summary of the CFTC Committment of Traders report, here, shows hedge funds adding length... The “as of” date is the 25th, so the
US natural gas exports double… EIA
From the EIA’s “Today in Energy”: “U.S. natural gas exports have increased primarily with the addition of new liquefied natural gas (LNG) export
Talk of $100 oil… WSJ
Amrith Ramkumar, WSJ, discusses the possibility of oil going to $100, here... The best comment of the piece: ”“I don’t think anybody can