Sarah McFarlane and Benoit Faucon, Wall Street Journal, suggest that China may buy more oil from Iran, here... ”Lower demand because of sanctions
WTI options update…
Options trading was active on yesterday's sharp down move plus August WTI options expire today... 113,739 calls and 165,215 puts traded... Most of
ND oilfields set 3 new records in May… Bismarck Tribune
And they are: ”As oil production hit 1,244,629 bbl/day in May, natural gas production hit almost 2.32 billion cubic feet per day, with producing
Some charts from OPEC’s monthly Oil Market Report…
The link to OPEC’s monthly report is here.... A large increase in Saudi production was offset some by Libya... Venezuela continues to
Some traders hit hard from volatile spreads… Reuters
Here is a Brent/WTI crude spread chart from Reuters: From Reuters: “However, it is the big, sudden moves that tend to claim trade
WTI options update…
Yesterday, a large number of Sep 55 puts traded, increasing open interest by almost the same amount...