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  • Calendar event / 5 hours ago
    High Crude Oil Stocks, Net Chg (Bbl)
    -3.1M
    -3.327M
    High Gasoline Stocks, Net Chg (Bbl)
    -0.5M
    -1.223M
    High Distillate Stocks, Net Chg (Bbl)
    +0.3M
    +0.028M
    Med Crude Oil Stocks (Bbl)
    463.165M
    Med Gasoline Stocks (Bbl)
    229.902M
    Med Distillate Stocks (Bbl)
    148.415M
    Med Total Prod Supplied (Bbl/day)
    20.678M
    Med Total Prod Supplied, Net Chg (Bbl/day)
    -0.281M
    Med Refinery Usage
    95.7%
    95.4%
  • Trade view / 5 hours ago
    Medium term
    /
    Sell

    Copper looks ripe for a correction — #SaxoStrats

    Head of Commodity Strategy / Saxo Bank
    Denmark
    Industrial metals have surged higher during the past month with speculation as the key driver. Renewed attempts by Chinese exchanges to curb speculation may help reverse some of the gains and the combination of record bullish bets and negative divergence puts HG copper at risk of a correction.
    Read the Trade View
    5h
    ozgur hatipoglu ozgur hatipoglu
    Hi Ole, any ideas on zinc price?
    1h
    rananb rananb
    Hi Mr Hansen, any updates on Silver?Thank you
  • Squawk / 6 hours ago
    Head of Commodity Strategy / Saxo Bank
    Denmark
    Crude oil trading weaker but still within the range that has been established during the past week. Following the Libya production on and then off news yesterday the market awaits the 'Weekly Petroleum Status Report' from the EIA at 1430 GMT. Another reduction in crude oil stocks has been off-set by expectations of rising fuel stocks.
    Other numbers to look out for are exports which has the potential of rising given WTI's current elevated discount to Brent. Imports from major Opec producers could also attract some attention, especially if a slowdown is being reported.
    Production estimates will also receive some attention after last weeks strong 79,000 b/d rise helped off-set what otherwise was a bullish report.
    Following the release i will post comments and charts below.
    Read the Squawk
    5h
    Ole Hansen Ole Hansen
    agree MP and it speaks volumes about the current lack of direction
    5h
    Ole Hansen Ole Hansen
    Both crude and gasoline stocks dropped in line with surveys. Refinery demand slowed while gasoline demand remained strong. Production rose 26k b/d. Gasoline initially trades higher in...
    5h
    Ole Hansen Ole Hansen
    Charts
  • Trade view / Yesterday at 12:04 GMT
    Medium term
    /
    Buy

    Trading a wheat bounce through spread to corn — #SaxoStrats

    Head of Commodity Strategy / Saxo Bank
    Denmark
    Record Russian wheat production and dwindling time left to upset the crop prospects in the US have seen December CBOT wheat drop 25% since July. Funds have chased the market lower, while potential buyers have stood aside, waiting for the washout to run its course. Wheat is oversold, and we look for a rebound through a spread to December corn.
    Read the Trade View
    1d
    Georgio Stoev Georgio Stoev
    sorry for the inconvenience everyone. it appears we have a technical issue we are looking to resolve asap. You can call into Saxo and place it through...
    11h
    Georgio Stoev Georgio Stoev
    We have now fixed the issue and the ticket takes the order. Apologies again.
    4h
    ChristianK ChristianK
    How do you enter the stop and limit levels? In the platform the position shows up with short corn and long wheat positions?
  • 2d
    Ole Hansen Ole Hansen
    Funds continued to buy Brent crude oil last week while WTI was sold. Bullish bets increased by 4.6% or 18k lots to 419k lots as the North...
  • Article / Friday at 13:37 GMT

    WCU: Gold shines, oil finding support

    Head of Commodity Strategy / Saxo Bank
    Denmark
    WCU: Gold shines, oil finding support
    The gains in equities from the easing of tensions over North Korea proved short-lived as political instability surrounding the Trump White House saw investors switch back to risk-off mode. In particular, gold benefited from this mood. Crude oil was lower on the week, but found support from a continued drop in US and global inventories.
    Read the article
    5d
    carlosdemarch carlosdemarch
    super great report Ole!