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  • Article / 13 hours ago

    WTI plunges on surprise inventory gain

    Head of Commodity Strategy / Saxo Bank
    WTI plunges on surprise inventory gain
    The biggest provider of support for crude oil during the past quarter was abruptly removed yesterday when the US' stockpile of crude rose by 2.39 million barrels against expectations of a ninth consecutive drop.
    Read the article
  • Saxo TV / 16 hours ago

    Bumpy ride - 2015. Q3 Essential Commodity Trades

    Ole Hansen
    Oil prices and gold have settled into a range of late. But oil bears are hoping that rising Opec output and rising US inventories after the peak demand season will allow prices to move lower, while a rate hike in the US could be a buying opportunity for gold.
    watch video
  • Squawk / Yesterday at 14:32 GMT
    Head of Commodity Strategy / Saxo Bank
    Crude oil inventories ROSE by 2.4 million barrels last week (in line with API). Gasoline stocks went the other way falling by 1.8 million while production remained unchanged. Limited reaction with gasoline draw offsetting crude build.
    Read the Squawk
    Ole Hansen Ole Hansen
    Updated charts
    Ole Hansen Ole Hansen
    WTI crude oil turning lower again, currently testing support at $58
    bgold bgold
    Early July, RBOB tends to be seasonally strong, any scope for a bullish bets here?
  • Calendar event / Yesterday at 14:30 GMT
    High Crude Oil Stocks (Net Change)
    High Gasoline Stocks (Net Change)
    High Distillate Stocks (Net Change)
    Med Crude Oil Stocks
    Med Gasoline Stocks
    Med Distillate Stocks
    Med Refinery Usage
    Med Total Products Supplied
    Med Total Products Supplied (Net Change)
  • Article / Yesterday at 13:19 GMT

    Crude oil: Weaker ahead of the weekly inventory report

    Head of Commodity Strategy / Saxo Bank
    Crude oil has been trading in the red all day following news yesterday about rising production in Opec and U.S. Adding to the nervous sentiment has been the ongoing nuclear talks where the deadline has been extended by one week and finally a report from the American Petroleum Institute which saw a surprise rise in US inventories last week.
    Read the article
    ozy ozy
    Extended deadline for iran talks looks they can arrive an aggrement, I think.. I'm still short on WTI.