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  • 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?
  • 2y
    seas seas
    Could be a safe-haven week.
    2y
    seas seas
    Hate to say it, so I wont.
    2y
    Michael O'Neill Michael O'Neill
    :) nice call
  • Article / 14 July 2017 at 13:31 GMT

    WCU: Oil and gold higher as shorts take cover

    Head of Commodity Strategy / Saxo Bank
    Denmark
    WCU: Oil and gold higher as shorts take cover
    The commodity sector got a lift as the US dollar weakened further. Short-covering in energy and precious metals helped offset a sharp reversal in grains as recent weather concerns eased. Oil and gold recovered despite multiple headwinds, with the behaviour at key resistance above likely to determine the short-term direction of both commodities.
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    2y
    axelbp2 axelbp2
    Spain and I always try to invest in opciones binarias https://www.opcionesbinarias.site/ (from here to find regulated brokers),
  • 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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  • 2y
    Market Predator Market Predator
    @Peter: great call regarding yield spread. Pic below from webinar organised by Michael Boye.
  • 2y
    Market Predator Market Predator
    MP is glad you're back in Denmark, Sir. Congrats to your APAC mission.
    2y
    Ole Hansen Ole Hansen
    Thank you very much MP. Good to be back
  • Article / 09 June 2017 at 10:25 GMT

    WCU: Gold retraces ahead of FOMC, oil torn between supply and tensions

    Head of Commodity Strategy / Saxo Bank
    Denmark
    WCU: Gold retraces ahead of FOMC, oil torn between supply and tensions
    A rally in US crop futures help offset another week of steep losses across the energy space. Crude oil suffered a third consecutive week of losses with Middle East tensions failing to support a market focusing on supply. Precious metals reversed some of their recent strong gains as profit-taking has emerged ahead of the June 14 FOMC meeting.
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  • Article / 07 June 2017 at 11:20 GMT

    Oil pressured by rising supply with limited impact of Qatar spat

    Head of Commodity Strategy / Saxo Bank
    Denmark
    Oil pressured by rising supply with limited impact of Qatar spat
    A flare-up in Middle East tensions has so far failed to add a risk premium to the price of oil. Instead the focus has been on the potentially negative impact of the current deal to curb production falling apart. Add to this an expectation of record US production in 2018 and a potential 10% jump in output from Nigeria after the lifting of export restrictions, and oil is clearly under pressure.
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    2y
    Ole Hansen Ole Hansen
    Oil continues to loose ground, currently down 3.4%. The inventory jump in crude was got triggered by a 356k b/d rise in imports and a 746k b/d...
    2y
    matsuri matsuri
    but it seems that production in the USA decreased
    2y
    Vladimir M Vladimir M
    as if there were a secret agreement on the price of oil, for which high prices in the winter traded at lower prices in the summer
  • 2y
    John Roberti John Roberti
    Dear Ole, Thank you very much for your article as well as the two articles recommended: they give a very well informed picture of the risks currently...
    2y
    Morris Morris
    The shorts are at the all time low and the longs are at all time high on oil!!! Kennedy @ Elliott's wave talks about triagles and the...
  • 2y
    matsuri matsuri
    today, no news and oil up. why? only due to longs increase?