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  • 1d
    The Grinch The Grinch
    Think it may be time to give up expectations of interim downwards pressure. Just too much support to the upside including Saudi-Russian arms deals, geopolitics and now...
    Ole Hansen Ole Hansen
    True, its adding an extra dimension to the whole supply and demand story.
  • Calendar event / Thursday at 16:00 GMT
    High Crude Oil Stocks, Net Chg (Bbl)
    High Gasoline Stocks, Net Chg (Bbl)
    High Distillate Stocks, Net Chg (Bbl)
    Med Crude Oil Stocks (Bbl)
    Med Gasoline Stocks (Bbl)
    Med Distillate Stocks (Bbl)
    Med Total Prod Supplied (Bbl/day)
    Med Total Prod Supplied, Net Chg (Bbl/day)
    Med Refinery Usage
  • Squawk / Thursday at 10:34 GMT
    Head of Commodity Strategy / Saxo Bank
    Renewed crude oil weakness ahead of EIA stock report at 1600 GMT. US crude oil inventories probably rose by 2.9 million barrels last week according a Bloomberg survey (attached). The IEA sees demand growth being covered by non-Opec suppliers over the next two years thereby leaving limited room for the Opec+ group to step away from the deal to curb production. While we believe the ceiling has been found we still need confirmation that a bottom has been established. The key support levels to focus on remain $61/b on Brent and $58/b on WTI.

    More on this and other commodities in our monthly webinar today at 1330 CET. Sign up here:
    Read the Squawk
    Ole Hansen Ole Hansen
    The US is exporting away its rising production. Last week net import slumped below 5m b/d as exports surged past 2m b/d
    Edgaras Edgaras
    Well imports / exports adds quite a bit of a bearish tone?
    matsuri matsuri
    Cushing inventories decrease because the USA is exporting oil and gaining market share that OPEC will be forced to get back later. what is more the USA...