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  • 3y
    Ole Hansen Ole Hansen
    OPEC SecGen Barkindo friday: SaudiArabia did not threaten to raise oil output last week in Vienna
    3y
    AlexF AlexF
    : )
  • 3y
    Ole Hansen Ole Hansen
    Hi ajith. Your trade parameters are very tight considering the current oil volatility. WTI resistance zone is likely to be between 49.80 and 50. US inventory report...
    3y
    Ole Hansen Ole Hansen
    UKOILDEC16 positions need to be rolled before expiry Thursday afternoon CET while LCOZ6 will cash settle on Monday at close. The spread to Jan has increased in...
    3y
    Ole Hansen Ole Hansen
    The November Brent crude expires on Monday. We maintain our short view and raise the stop and limits by the roll spread, currently at $1.08.
  • Editor’s Picks / 16 May 2016 at 5:55 GMT

    Oil prices jump as Goldman Sachs says market flips into deficit

    Reuters
    Oil prices jumped over 1% on Monday after long-time bear Goldman Sachs said the market had ended almost two years of oversupply following global oil disruptions and flipped to a deficit. International Brent crude futures were trading at $48.50/barrel at 0255 GMT, up 67 cents, or 1.4%, from their last settlement. US West Texas Intermediate crude futures were up 68 cents, or 1.5% at $46.89/b. Supply disruptions from Nigeria, Venezuela, the United States and China triggered a U-turn in the oil outlook of Goldman Sachs, which long warned of overflowing storage and another looming crash in prices."The oil market has gone from nearing storage saturation to being in deficit much earlier than we expected," Goldman said, adding that the market "likely shifted into deficit in May ... driven by both sustained strong demand as well as sharply declining production." In Nigeria, oil major Exxon Mobil suspended exports from the country's biggest crude stream, Qua Iboe.
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    3y
    fxtime fxtime
    I can't help but be suspicious of GS reporting on oil....my gripe perhaps is the potential of bias ! This is a company that sells physical stock....
  • Video / 09 May 2016 at 8:56 GMT

    Canadian wildfire heating up WTI crude: Hansen

    Ole Hansen
    Ole Hansen, Saxo Bank's head of commodity strategy, outlines the main developments in oil production and how he believes oil could be traded. Saudi Arabia has appointed a new oil minister but Hansen believes that will not create any changes in the near term. Also, the wildfire in Canada is reducing oil production, but this could prove beneficial as it creates a slowdown in inventories.
    watch video
  • Editor’s Picks / 16 March 2016 at 10:47 GMT

    London exchange, Deutsche Boerse agree to merge

    MarketWatch
    This morning saw London Stock Exchange Group PLC and Deutsche Boerse agree to a $30 billion, all-shares merger that will create the largest securities-markets operator in Europe. The firms said the deal represents just under $500 million/year in saved costs and is likely to boost revenues as well. According to MarketWatch, the combined company will be worth about $30.5 billion based on Tuesday’s closing share prices. The merger may also prompt further consolidation among exchanges, with New York Stock Exchange operator International Exchange reported to be considering a counter-proposal for LSE. The deal will not be made final until it completes a number of processes, notably regulatory approval by the European Union.
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  • Editor’s Picks / 01 March 2016 at 8:45 GMT

    NYSE owner plans counter bid for LSE

    Bloomberg
    Exchange and clearing house operator Intercontinental Exchange is planning a counter bid for the London stock exchange in an attempt to scuttle a merger with Deutsche Boerse, Bloomberg reports. ICE, which owns the New York Stock Exchange, is working with Morgan Stanley on a possible higher offer for LSE than the all-share merger between LSE and Deutsche Boerse proposed last month.
    Read article on Bloomberg
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  • Editor’s Picks / 07 January 2016 at 5:55 GMT

    Global oil prices hit 11-year low on China market turmoil

    Reuters
    Brent crude futures fell to a fresh 11-year low on Thursday as a sliding yuan and an emergency halt in China's stock trading left Asian markets in a turmoil, while a huge supply overhang and near-record output levels also continued to drag on oil prices. China accelerated the devaluation of the yuan on Thursday, sending currencies across the region reeling and domestic stock markets tumbling, as investors feared the Asian giant was kicking off a virtual trade war against its competitors. Trading on its stock markets was suspended for the rest of the day, the second time this week, and China's securities regulator intervened heavily by issuing rules to restrict share sales by listed companies' major shareholders. Tracking the weakness across financial markets, the global benchmark Brent LCOc1 fell to $33.09/barrel, the weakest since 2004 and below the previous 11-year low from Wednesday. Prices, however, edged back to $33.42 by 0440 GMT.
    Read article on Reuters
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