Archives for May 2020

David Hodari, Wall Street Journal, explains the oil rally, here... ““We didn’t see tank tops at Cushing. Instead we’ve seen phenomenal levels of

For perspective, here is my long term chart of implied volatility for WTI options (based on at the money, second nearby options)…  No new normal, no

The EIA in Today in Energy focuses on US oil and gas rig counts, here... ”Changes in the number of oil rigs have historically followed changes in

What a difference a month makes... Here is a chart from Barchart.com showing the June/July WTI spread:

Calculated Risk has a nice post showing some economic indicators, here...

This chart is from the EIA’s Short Term Energy report...

Here are some highlights from the IEA’s Monthly Oil Report for May, released this morning (my bold): Better than expected mobility in OECD

This month’s  Short Term Energy Outlook includes a chart showing the skew in WTI options... using a Black-Scholes model!  Once prices traded negative,