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  • Squawk / Thursday at 12:56 GMT
    Head of Commodity Strategy / Saxo Bank
    Denmark
    Crude oil remains under pressure the day after another US inventory report highlighted the slow progress in terms of getting stock levels down. Crude oil initially jumped Wednesday on a bigger-than-expected crude draw and slowing production growth only to drop on the realisation that the oil surplus is being moved to gasoline and diesel through surging refinery demand and overseas through a jump in exports. The focus now is on gasoline which tends to rally in during April but so far has lost 11% during the last ten sessions.
    Brent and WTI have both broken below their 200-day moving averages and for WTI crude it risks opening up for an extension towards $45.80/b via the March low at $47.05/b.
    Read the Squawk
    2d
    Ole Hansen Ole Hansen
    Apparently the El Feel oilfield, with a capacity of about 90,000 bpd, has also restarted
    2d
    Ole Hansen Ole Hansen
    Same price with one month in between. In March rallying on Libyan Sharara supply disruption, today going down as production resumes
    2d
    Klauss Klauss
    Tkhs
  • Calendar event / Wednesday at 14:30 GMT
    High Crude Oil Stocks, Net Chg (Bbl)
    -0.6M
    -3.641M
    High Gasoline Stocks, Net Chg (Bbl)
    -0.9M
    +3.369M
    High Distillate Stocks, Net Chg (Bbl)
    -1.3M
    +2.651M
    Med Crude Oil Stocks (Bbl)
    528.702M
    Med Gasoline Stocks (Bbl)
    241.041M
    Med Distillate Stocks (Bbl)
    150.917M
    Med Refinery Usage
    92.6%
    94.1%
    Med Total Prod Supplied (Bbl/day)
    19.11M
    Med Total Prod Supplied, Net Chg (Bbl/day)
    -0.33M
  • 3d
    Ole Hansen Ole Hansen
    Crude oil inventories fell while gasoline and distillate inventories rose, all by more than expected and driven by another rise in refinery demand to 17.3M b/d. Both...
    3d
    Ole Hansen Ole Hansen
    The US is moving its oil surplus to gasoline through surging refinery activity and overseas through jump in exports.
    2d
    matsuri matsuri
    Dear Ole, I have 2 questions: why level $45,8 per barrel as support? and do you still think that oil will reach $60 this year and why?...
  • Calendar event / Tuesday at 20:30 GMT

    US API Weekly Statistical Bulletin

    forecast
    actual
    Med Crude Stocks, Net Chg (Bbls)
    +0.9M
    Med Gasoline Stocks, Net Chg (Bbls)
    +4.4M
    Med Distillate Stocks, Net Chg (Bbls)
    -0.04M
  • Article / 21 April 2017 at 13:15 GMT

    WCU: Gold on French election alert, oil remains fragile

    Head of Commodity Strategy / Saxo Bank
    Denmark
    WCU: Gold on French election alert, oil remains fragile
    Big swings have been seen in commodity prices this past month. The agricultural sector remains under pressure from excessive supply and heavy speculative selling. It took just one bearish data point to send oil lower after a three-week surge. Gold, supported by lower yields and the US dollar combined with safe-haven demand, is back testing key resistance
    Read the article
    21 April
    Market Predator Market Predator
    Very nice summary of interesting Wk16.
    21 April
    Rainbow Rainbow
    Allways a good outlook. This time as well. Last part though i bet you meen Silver, not Gold about the ½150s ;o)
    21 April
    Rainbow Rainbow
    Sorry. You mean gold, not silver ;)
  • Calendar event / 19 April 2017 at 14:30 GMT
    High Crude Oil Stocks, Net Chg (Bbl)
    -0.8M
    -1.034M
    High Gasoline Stocks, Net Chg (Bbl)
    -2M
    +1.542M
    High Distillate Stocks, Net Chg (Bbl)
    -1.1M
    -1.955M
    Med Crude Oil Stocks (Bbl)
    532.343M
    Med Gasoline Stocks (Bbl)
    237.672M
    Med Distillate Stocks (Bbl)
    148.266M
    Med Refinery Usage
    91.2%
    92.9%
    Med Total Prod Supplied (Bbl/day)
    19.44M
    Med Total Prod Supplied, Net Chg (Bbl/day)
    -0.439M
  • 18 April
    romeoicq romeoicq
    This comment has been redacted
  • Squawk / 12 April 2017 at 16:38 GMT
    Technical Analyst in Financial Market / commoditymarket2008 Advisory Services
    India
    WTI Crude Oil Trading View: after my view made new high 53.71, now hit 1st target 52.94, safe traders book profit & rest wait for 52.27...
    Read the Squawk