From This Week in Petroleum, here is a look at crude, gasoline and distillate stock levels: And, here is a look at crack values which look like
Airlines lose billions hedging…
Alex Longley, Bloomberg, writes about hedging gone bad for European airlines, here... “Ten airlines in Europe and the Asia-Pacific -- where
Oil option volume sharply lower in May… CME
Volume in WTI options traded on the CME (LO) trended lower in May... A total average daily of 87,764 traded, compared with 156,587 in April and
Atlanta Fed’s GDPNowcast…
Not looking good for 2Q: And the Atlanta Fed wants you to know this: “GDPNow is not an official forecast of the Atlanta Fed. Rather, it is
Drivers take advantage of low prices… WSJ
Amrith Ramkumar, Wall Street Journal, has a nice piece on the increase of driving in the U.S., here... ”With more states easing lockdown measures
Hedge funds turn bullish on crude… Reuters
John Kemp, Reuters, updates us on hedge fund activity in oil markets... Keep in mind that this data is from the CFTC’s release on Friday with data as