Silver as an investment

Category Archives: Crude

The Four Charts That Prompted An Oil Analyst To Declare The OPEC Deal A Failure

Two months we first suggested that OPEC may be fabricating data about its production cuts – and certainly overstating the “success” of its Vienna production cut deal – by looking at the rising Chinese oil imports, and by extension, rising oil deliveries by OPEC nations. As JPMorgan wrote back in February, while IEA estimated the […]

One Man’s Reality Check From “A Corner Of Flyover Red America”

Authored by Howard Kunstler via Kunstler.com, While the news waves groan with stories about “America’s Opioid Epidemic” you may discern that there is little effort to actually understand what’s behind it, namely, the fact that life in the United States has become unspeakably depressing, empty, and purposeless for a large class of citizens. I mean […]

Why The Crude Rally Has Fizzled – Part 3 (Of 3)

Authored by James Bambino via Platts blog, This is the third and final segment of a three-part look at why oil prices have failed to rally despite OPEC’s best efforts at managing supply cuts. Not only have prices failed to rally, both NYMEX WTI and ICE Brent have fallen around 9% over the past three […]

Stocks Dazed After Trump NAFTA Flop, Tax Plan Disappointment; ECB Looms

European shares are lower, pressured by disappointing results by Deutsche Bank and ending a six-session gain, as Asian equities and S&P futures were little changed after a record-setting rally in world stocks which pushed the MSCI World index to over $50 trillion yesterday, fizzled after Trump released unconvincing tax cut plans prompting traders to “sell […]

A Rising (Central Bank) Tide Turns Everyone Into A Genius

Authored by Charles Hugh-Smith via OfTwoMinds blog, Until the system implodes–you're a genius. So you've ridden the markets higher–stocks, housing, commercial real estate, bat guano, quatloos, you name it–everything you touch turns to gold. What can we say, bucko, other than you're a genius! It's a market truism that rising tides lift all boats. But […]

WTI/RBOB Tumble After Surprise Crude, Gasoline Builds

After dropping to a $48 handle, WTI bounced off its 200DMA, but remains well down from last week's levels before the DOE-reported surprise gasoline build. The initial kneejerk reaction lower in WTI/RBOB after API reported an unexpected crude build and yuuge gasoline build.   API Crude +897k (-1.75mm exp) Cushing -1.971mm Gasoline +4.445mm (+500k exp) […]

Why The Crude Rally Has Fizzled – Part 2

zerohedge.com / by James Bambino via Platts blog / Apr 24, 2017 9:46 AM This is the second of a three-part look at why oil prices have failed to rally despite OPEC’s best efforts at managing supply cuts. Read part 1 here. So, why is everyone so bullish? Many oil analysts take as a fait accompli that OPEC-led […]

Crude Crashes But Stocks Shrug Off Worst Weekly Plunge In Economic Data Since 2011

zerohedge.com / by Tyler Durden / Apr 21, 2017 5:01 PM Seriously!! Stocks soared on the week… (2nd biggest short-squeze in 4 months) Trannies (orange) best week in 4 months Small Caps (red) best week in 4 months Nasdaq (black) best week in 2 months S&P (green) best week in 2 months Dow (blue) best week in 7 […]

Shorts Smoked – Stocks End ‘High’ As Dollar Dumps’n’Pumps

Despite tumbling soft data and disappointing earnings data… Stocks soared most in 6 weeks…     Another day, another one-way trip in stocks. VIX clubbed to a 13 handle again stocks soar… Trannies and Small Caps once again led the day (short squeeze) and S&P lagged but everything was awesomely green again…   Another big […]

Why The Relationship Between OPEC And Hedge Funds Is On The Verge Of Falling Apart

Following years of acrimony between OPEC and the hedge fund community, which the cartel dismissed simply as “speculators”, things suddenly changed in 2016 when the two groups got so close, there were outright reports of collusion between the two on various occasions. We documented this last month in “Why OPEC Is Colluding With Hedge Funds.” […]