Implied vol for WTI crude options settled down to 46.1 on Friday, a more normal number whatever that means... Average volume for June was only 97,333
Historic drop in US crude output… WSJ
Amrith Ramkumar, Wall Street Journal, discusses the decline in US oil output here... ”U.S. crude supply is falling at its quickest pace ever,
A commodity super cycle?… WSJ
From Stifel via The Daily Shot, here...
Supply/Demand balances… WSJ
This is from Longview Economics via The Daily Shot, here... The EIA, IEA release their monthly oil reports this week, OPEC next week... All should
The virus is the boss… NYTimes
In one of our podcasts a few months back, we suggested comments from Fauci would have more influence over oil markets than anyone... Here is Austan
Trading vol… WSJ
Gunjan Banerji, Wall Street Journal, does an excellent job describing the growth in vol trading, here... Do read the whole thing...
More charts from The Daily Shot… WSJ
I have become a big fan of the Wall Street Journal’s The Daily Shot... The chart book is an excellent way to stay on top of market events in pictures
U.S. commercial oil inventories at all-time highs… EIA
From the EIA’s Today in Energy, here...
Hedge Funds Are Covering Shorts… Bloomberg
Here are some nice charts from Bloomberg showing hedge fund activity... Keep in mind the CFTC report is released on Fridays with data as of end of