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  • Squawk / 9 hours ago
    Head of Commodity Strategy / Saxo Bank
    Denmark
    EIA weekly inventory report up next. Crude oil continues to swing wildly with negative fundamentals being met by verbal support from oil producers. The weekly inventory report at 1430 GMT is expected to show declines in both crude oil and gasoline inventories. This is in contrast to the 4.46-million barrels rise in crude inventories reported by the API yesterday. Last week the report proved supportive with declines in oil, gasoline and Cushing inventories all supporting additional short-covering.
    Latest data below with updates being posted here following the release
    Read the Squawk
    8h
    Ole Hansen Ole Hansen
    Gasoline supplied has started to decline in line with seasonal behaviour
    8h
    John Roberti John Roberti
    thanks ole! I was not sure that we could consider gasoline supplied as equivalent to consumption!.
    7h
    AlexF AlexF
    Dear Ole what is your target (short) intraday today and over next week ?
  • 2d
    Ole Hansen Ole Hansen
    US oil producers increased hedging activity last week. The short position among this segment jumped 36,000 lots to 587,000, the highest since 2011. This most likely in...
    2d
    Ole Hansen Ole Hansen
    Brent crude net-long jumped by 63,792 lots or 22% in week to Aug 16. While short-covering were the only driver behind WTI's recent surge speculators cut shorts...
  • Squawk / 17 August 2016 at 13:43 GMT
    Head of Commodity Strategy / Saxo Bank
    Denmark
    The weekly inventory report from the EIA is due at 14:30 GMT. Following a near 12% jump in just four days, crude oil has been trading mostly in the red today.
    The API inventory report yesterday helped at least temporarily to change the focus from a freeze deal to inventories. The precursor for today’s official EIA report showed a surprise rise in gasoline inventories of 2 million barrels while crude oil fell by 1 million barrels. EIA surveys are pointing to a 1m-drop in crude and an even bigger drop in gasoline inventories.
    Result and comments will be posted below once the report has been released
    Read the Squawk
    17 August
    John Roberti John Roberti
    so far we have a first drop of 50 cents. What do you think will be next?
    6d
    asena asena
    Hi,What position could you advise at Ukoil price of 50 $??
    6d
    asena asena
    Is it good to buy Gold now sell it at 1400 $?
  • 15 August
    Ole Hansen Ole Hansen
    Funds increased bullish crude oil bets by the most in 3 months last week. The WTI and Brent combined net-long jumped 48,406 lots to 389,096 lots
    15 August
    Market Predator Market Predator
    Interesting to see Platinum&Palladium COT analysis and confront it with price chart.
    3d
    AndrejLences AndrejLences
    Very interesting article to me, because of the managed money positions charts. I would like to see more like this one. Great job.
  • Article / 12 August 2016 at 12:34 GMT

    WCU: Saudis lifting oil while gold remains rangebound

    Head of Commodity Strategy / Saxo Bank
    Denmark
    WCU: Saudis lifting oil while gold remains rangebound
    A strong first half of 2016 has been replaced by a tougher environment for commodities. But though Saudi Arabia's energy minister talked the price of oil higher, and white metals still look impressive post-Brexit, the week ended unchanged for commodities in general.
    Read the article
    12 August
    Ole Hansen Ole Hansen
    Following the release of the above report we have seen weaker than expected US retail sales and PPI data. The weaker dollar triggered by this and the...
  • Article / 11 August 2016 at 8:42 GMT

    Oil looking for support after inventory selloff

    Head of Commodity Strategy / Saxo Bank
    Denmark
    Oil looking for support after inventory selloff
    Crude oil sold off following the weekly inventory report yesterday. The million-barrel rise in oil stocks was not what the market was looking for at a time when production from Saudi Arabia, Kuwait, the UAE, and Iran continues to rise.
    Read the article
  • 10 August
    Ole Hansen Ole Hansen
    Overview
    10 August
    Cat Cat
    Great article.
    11 August
    Ole Hansen Ole Hansen
    Thank you Cat