Trump wants more oil… WSJ – Commodity Research Group

July 2, 2018 by Jim Colburn Leave a Comment

Georgi Kantchev and Benoit Faucon, Wall Street Journal, summarize what is going on in oil markets, here…

”Supply disruptions in major producers like Canada and Venezuela, coupled with strong crude demand from robust global growth, have tightened the oil market faster than many analysts expected. Early Monday, Libya’s state-run oil company said it couldn’t honor contracts to deliver oil at two ports, widening outages there, after rebels blocked exports. Prices have shot up in recent sessions in response. On Friday, U.S. crude ended just over $74 a barrel, its highest since November 2014. Brent, the global price yardstick, is close to $80 a barrel.”

Here is a look at WTI from Barchart.com:

Commodity Research Group (CRG), founded by veteran analyst Edward Meir, is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct commodity hedging strategies.

Our associates bring decades of experience to the table, as they seek to help our clients understand the markets. CRG will distill the myriad of pricing variables mentioned above into coherent research that is to-the-point and tailored to a clients hedging or pricing needs. In addition, CRG is available for consulting assignments and speaking engagements. CRG does not manage money or trade for itself.

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