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  • Squawk / 02 May 2018 at 11:59 GMT
    Head of Commodity Strategy / Saxo Bank
    Denmark
    Crude oil is trading steady with WTI currently being stuck in a $66.60 to $70/b range. The Natanyahu surge on Monday proved temporary as the market concluded that he did not provide any information that wasn’t already known and which provided the basis for the 2015 nuclear deal. Instead the presentation was seen as a counter to European leaders who led by France's Emmanuel Macron and Germany's Angela Merkel have stepped up their attempts to persuade Trump to agree to an amendment instead of abandoning the nuclear deal on May 12. His decision remains a major binary event but today the focus has – at least temporary – moved back to hard data with the weekly EIA Petroleum Status Report due at 14:30 GMT.
    Last night the API reported a bigger-than-expected crude build which was off-set by another slump in distillates.
    As usual the report comprises multiple components with production, export/imports as well as Cushing stocks being potential market movers.
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    02 May
    matsuri matsuri
    it will be very interesting to see what will Trump do with the Iran deal, considering the fact that he made a clear statement that oil is...
    02 May
    Ole Hansen Ole Hansen
    Crude oil trades softer after the EIA reported a 6.2m barrel stock increase. Gasoline stocks rose by 1.2m barrels while distillates dropped 3.9m barrels. Production rose 33k...
    02 May
    Ole Hansen Ole Hansen
    EIA charts
  • Squawk / 25 April 2018 at 15:00 GMT
    Head of Commodity Strategy / Saxo Bank
    Denmark
    Crude oil: Robust reaction to an on paper bearish weekly inventory report from the US EIA. Crude oil and gasoline stocks rose while distillate stocks continued to drop. The crude oil build was driven by a continued rise (+46k b/d) in production and a drop in refinery demand. US role as a significant exporter of both crude oil and products were highlighted with the record 8.3 million b/d export of oil and products on par with what Saudi Arabia exported during January.
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  • 25 April
    Ole Hansen Ole Hansen
    Hi MP. Pure and simple due to the current lower prices on many commodities compared to the previous peak. Not least oil which traded quite a bit...
    25 April
    Market Predator Market Predator
    Hello Ole. My thoughts were about standardised price of Contract(s) projected into OI. But of course Value must reflect actual commodities prices. Thanks.
    26 April
    Aloush Aloush
    Hi Mr Ole,
    what do you think about Sugar 11 and white sugar 5 ?
    regards