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  • 1y
    Jadira F. Norton Jadira F. Norton
    Amazing:: Thank you::
  • Article / 10 November 2017 at 13:58 GMT

    WCU: Commodities gains led by strong energy sector

    Head of Commodity Strategy / Saxo Bank
    Denmark
    WCU: Commodities gains led by strong energy sector
    The Bloomberg Energy Index reached a 10-month high as the sector continues to attract attention and demand. The approach of winter saw natural gas break out of its months-long range, while crude oil rose for a fifth consecutive week with heightened geopolitical risks being the main driver of the latest gains.
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    2y
    Ole Hansen Ole Hansen
    Gold remains stuck and the lack of upside momentum carried the risk of long liquidation below $1280/oz. Without much news to support the move this was what...
    2y
    carlosdemarch carlosdemarch
    great report Ole! keep it up
  • 2y
    Ole Hansen Ole Hansen
    Funds increased bullish bets on Brent crude to a fresh record in week to Sep. 26. Looking stretched with length also added again to products
    2y
    torres089 torres089
    The largest traders are longs in CL
  • 2y
    FXKhaos FXKhaos
    Need adult supervision on the playing field. Russia and China could have done more in hindsight to prevent the current situation. They appear as two vultures perched...
  • Squawk / 25 September 2017 at 11:44 GMT
    Head of Commodity Strategy / Saxo Bank
    Denmark
    Iraq's Kurdish provinces are voting today in a referendum on independence and it is feared that it could become a catalyst for even greater instability in the region.
    Iraq's Kurdish enclave controlled by the KRG holds more crude oil reserves than Nigeria and daily transports more than 500,000 barrels through pipelines via Turkey to the Mediterranean port of Ceyhan.
    The below headlines have triggered the latest run up in Brent crude oil. It is trading at an 8-month high while the premium to WTI has expanded to $6.7/b.

    Headlines from Bloomberg:
    *Erdogan: When Turkey closes the oil valve, this would be over
    *Erdogan: Tap of Iraq Kurdish oil is in our hands
    *Erdogan: Let's see how Iraqi Kurd admin sells its oil

    Furthermore:
    Iraq parliament votes to close border crossings with Kurdistan
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    2y
    Market Predator Market Predator
    @Ole: very good point!
    2y
    ambro ambro
    Ole, do you think WTI at 52 will consolidate/correct from here? Or does it have momentum to keep rising?
    2y
    Ole Hansen Ole Hansen
    Hi Ambro. Basically what we are seeing is the widening Brent backwardation attracting investors looking to capture the rising roll yield. WTI meanwhile attracts buyers looking to...
  • Article / 09 August 2017 at 11:00 GMT

    Oil torn between rising output and falling inventories — #SaxoStrats

    Head of Commodity Strategy / Saxo Bank
    Denmark
    Oil torn between rising output and falling inventories — #SaxoStrats
    Crude oil has settled into a relatively tight range after the July surge that was driven by short-covering as the Saudis cut exports and US inventories showed further declines. The upside remains capped as rising production in the US and Libya are likely to offset inventory declines. Fresh US oil inventory figures are awaited later today from the US Energy Information Administration.
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    2y
    Ole Hansen Ole Hansen
    EIA result and reaction: A 6.4m bbl reduction in crude oil inventories (on lower imports) being offset by a 3.4m bbl rise in gasoline. Production dropped 7k...
    2y
    Ole Hansen Ole Hansen
    Imports from key Opec members showed a 1m b/d drop to second lowest since Feb 2016
    2y
    Bullionaire Bullionaire
    What about flare up in North Korean tensions?
  • Article / 13 July 2017 at 12:30 GMT

    Oil bias remains negative on falling Opec compliance

    Head of Commodity Strategy / Saxo Bank
    Denmark
    Oil bias remains negative on falling Opec compliance
    Three weeks of improved US oil stocks data have increasingly been offset by price-negative news from Opec. Monthly updates from major energy-sector organisations this week have highlighted the current problem of rising Opec production and falling compliance. US shale oil producers meanwhile are not yet showing signs of being negatively impacted by the price slump.
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  • Article / 17 March 2017 at 14:39 GMT

    WCU: Oil remains fragile, gold survived another rate hike

    Head of Commodity Strategy / Saxo Bank
    Denmark
    WCU: Oil remains fragile, gold survived another rate hike
    Buying of commodities picked up for the first time in five weeks, with gains driven mainly by industrial and precious metals in a week marked by a widely expected US interest-rate rise. Gold and silver spiked higher after the Fed meeting, whereas soothing comments from Saudi Arabia helped halt crude oil's steep price correction.
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