Here is the weekly look at crude oil, gasoline and distillate stocks compared to 5 year highs and lows:
Brent/WTI spread explained by the EIA…
Here is recent history from the EIA’s This Week in Petroleum: “The WTI price spread with Brent reflects the transportation costs associated
Venezuela’s rig count… Bloomberg
Lucia Kassai, Bloomberg, reminds us that Venezuela’s oil industry is in decline: “The number of active oil rigs in Venezuela is heading for a
Crude oil options update…
Implied volatility for December WTI crude oil options (currently the front month) jumped from 21% on Friday to 27.9% on Monday.... The most active
Consensus estimates of world GDP catching up to nowcasts…
The article from FT Alphaville is about China’s growth relative to world growth, but here is one takeaway: ” And we do see world petroleum
Hedge Funds go all-in on oil: Kemp/Reuters
The excellent John Kemp summarizes hedge funds’ positions in energy markets here: ”Hedge funds and other money managers had amassed a net bullish
Geopolitical tensions in the Middle East… WSJ
The Saudi-Iran Cold War intensifies... Here is the Wall Street Journal: ”The latest salvo in the Iran-Saudi struggle came Saturday, when Lebanese
Investors not happy with this bull market… NY Times
From Landon Thomas, Jr. of The New York Times: ”Rarely has a bull market been so unloved. Since March 2009, the Standard & Poor’s 500 stock
Cleveland Fed’s Nowcast for inflation…
Note the “Core PCE” measure, which is the “data dependent” Fed’s go to number is expected to be well under target for the current quarter: Here