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  • Squawk / 53 minutes ago
    Technical Analyst in Financial Market / commoditymarket2008 Advisory Services
    India
    WTI Crude Oil Trading View: as per my view, hit 100% target 45.66 & 45.00, all traders book good profit & enjoy...
    Read the Squawk
  • Calendar event / Yesterday at 14:30 GMT
    High Crude Oil Stocks, Net Chg (Bbl)
    +1.2M
    +2.276M
    High Gasoline Stocks, Net Chg (Bbl)
    -1M
    -0.691M
    High Distillate Stocks, Net Chg (Bbl)
    +0.3M
    +1.496M
    Med Crude Oil Stocks (Bbl)
    525.87M
    Med Gasoline Stocks (Bbl)
    232.004M
    Med Distillate Stocks (Bbl)
    154.753M
    Med Refinery Usage
    92.1%
    92.8%
    Med Total Prod Supplied (Bbl/day)
    20.152M
    Med Total Prod Supplied, Net Chg (Bbl/day)
    -0.589M
  • 14h
    goldfinger goldfinger
    Great call Steve, I only just caught it before it started moving lower.
    13h
    AlexF AlexF
    Your first PT on WTI is 41.5 ?
  • Squawk / Yesterday at 13:14 GMT
    Head of Commodity Strategy / Saxo Bank
    Denmark
    WTI crude oil is holding above support at $45.75 ahead of the Weekly Petroleum Status Report from the EIA. The record increase in net-long positions during the past couple of weeks are posing a challenge. Not least considering the fading expectations of Opec being able to come up with an agreement when they meet next month in Algiers. These were some of the considerations behind our trade view earlier in the week to sell CLV6 on a break below $46.50. Link: https://www.tradingfloor.com/posts/saxostrats-more-weakness-ahead-for-wti-8024451
    The inventory report today comes at a critical time with a break below $45.75 signalling further losses while a close back above $46.50 may trigger renewed consolidation.
    A Bloomberg survey point to a 1.3M bbl rise in crude oil and a 1M bbl fall in gasoline inventories. Updates will be posted below once available after 16:30 CET.
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    15h
    Ole Hansen Ole Hansen
    Crude oil inventories rose by 2.3M bbl versus 1M exp. Gasoline declined less than expected while Distillates rose instead of falling. Initial price reaction attached
    14h
    Ole Hansen Ole Hansen
    Chart overview
    14h
    AlexF AlexF
    Hi Ole are you still with a PT on WTI of 44-45 ? Or it could go lower. Based on yoru trade short @ 46.5
  • Squawk / Yesterday at 6:40 GMT
    Technical Analyst in Financial Market / commoditymarket2008 Advisory Services
    India
    WTI Crude Oil Trading View: now having resistance 46.84 & recent high 46.40, above holding means 47.45 & 48.10 easily looking other wise again come down up to 45.66 & 45...
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  • Editor’s Picks / Yesterday at 5:09 GMT

    Mystery of oil held on Chinese islands puzzles crude markets

    Bloomberg
    China’s got the world puzzling over its oil hoard.From underground caverns by the Yellow Sea to a scattering of islands in the Yangtze River delta, the government has been stockpiling crude for emergencies in a network of storage sites dotted around the country. Record purchases this year by the world’s biggest energy consumer have helped oil prices recover from the worst crash in a generation. What the country plans to do next could determine where they go from here.
    Read article on Bloomberg
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