Italy

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5 Followers
Write a Squawk to ozy
  • 3y
    ozy ozy
    Hi Stephen. What about gasoline and distillate built? and this time last year crude drawn more, about -6m.. So, for me the data is bearish, but problem...
    3y
    ozy ozy
    Stephen, what's the last pool survey about brexit in UK? thanks
    3y
    Stephen Pope Stephen Pope
    Re EU Referendum...the lead remain had over leave has narrowed. Opinion polls cast over the last Bank Holiday Weekend were seen as being skewed in favour of...
  • Squawk / 27 April 2016 at 8:08 GMT
    Head of Commodity Strategy / Saxo Bank
    Denmark
    Oil continues to be carried higher by strong investor sentiment and a weaker dollar. In addition it was given an extra boost from a surprise drop in US inventories as reported by the API last night. BP and a couple of US shale oil producers all seeing $50 as the level above which production will increase and cash flow begin to improve.
    Key event today is the official inventory report from the EIA and traders will be looking out for developments in inventories, production and demand.
    The latest rally has attracted lower volumes which could be a worry but for now momentum remains positive. Current ranges: LCOM6: $44.30 to $46.90 and CLM6: $42.50 to $45
    Calendar link: https://www.tradingfloor.com/posts/us-eia-weekly-petroleum-status-report-2799974
    Read the Squawk
  • 3y
    John Roberti John Roberti
    a 29.000 barrels per day decrease a
    3y
    John Roberti John Roberti
    a 29.000 barrels per day decrease in production as indicated by EIA should not generate a 3,50 dollar increase in oil price in a completely glut marketj...
    3y
    Ole Hansen Ole Hansen
    HI John. It does when momentum takes over. The whole commodity complex has seen strong buying from financial traders this week. Fundamentals have moved to the backseat...
  • Squawk / 12 April 2016 at 8:35 GMT
    Head of Commodity Strategy / Saxo Bank
    Denmark
    Oil trading higher for a third day in line with a weaker dollar. The DXY has fallen to the lowest since August.
    Read the Squawk
    3y
    asena asena
    what could be the reason to stop increasing oil price ?
  • Squawk / 18 March 2016 at 3:09 GMT
    Global Investment Analyst / Rivkin
    Australia
    Oil prices closed strongly higher on Thursday, up US$1.74 (+4.52%) at US$40.20 per barrel for the April 2016 contract.

    On the daily chart, price is now moving towards the resistance zone between US$41.93 and US$43.78, marked by previous lows and containing the 61.8% Fibonacci retracement level of the November to February decline. While price may continue higher in the near term, momentum indicators are highly overbought suggests the risk of a pause or pullback is increasing. Below current levels there is noted support zone between US$36.28 and US$34.90, marked by recent highs. Given the impulsiveness of the recent rally, any declines towards this region are likely to be corrective.

    While the outlook continues to significantly improve, we await a pullback from current levels before updating our outlook to bullish.
    Read the Squawk
    3y
    ozy ozy
    I expect a pulldown starts from today..profit takes and a correction down.. today's rig count data may tirgger down side move, I expect some rig count rise...
  • Article / 14 March 2016 at 9:30 GMT

    From the Floor: Crude bubbling over?

    Head of Editorial Content / Saxo Bank
    Denmark
    From the Floor: Crude bubbling over?
    Crude prices have surged dramatically from their late-January lows with the net-long position in Brent crude having reached a record high. Given the state of certain fundamental drivers, however, Saxo commodities head Ole Hansen says a downside move looks likely.
    Read the article
    3y
    Michael S. McKenna Michael S. McKenna
    Sorry, I don't know the exact hour.
    3y
    ozy ozy
    it's not released yet, that's strange
    3y
    ozy ozy
    ok..now In see it their page
  • 3y
    Jeff Carnes Jeff Carnes
    Thanks for your highly informative insights Nadia. What are your thoughts on any possible output deals between Russia and Saudi Arabia? So far, all I've heard have...
    3y
    Nadia Kazakova Nadia Kazakova
    Hi Jeff, strictly speaking, there is already an agreement between Russia and Saudi Arabia to freeze output at January levels. It is subject to other major oil...
  • Squawk / 02 March 2016 at 19:24 GMT
    -
    Italy
    Hi Mr. Ole.. I would like to ask a question. In EIA's petrol staus report we've seen a 10,3m crude inventory built on today's report. So, it mostly comes from 0,502m net import rise and adjustment point column (13) on the report, adjustment under "crude oil supply", that +352k this time... Could you explain please what's that adjustment numbers? do they calculate something wrong in previus week then they correct it or something else? thank you
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  • Article / 01 March 2016 at 18:15 GMT

    Oil price recovery looks doomed to fail

    Managing Partner / Spotlight Group
    United Kingdom
    Oil price recovery looks doomed to fail
    The current oil price recovery is likely to be short-lived as many factors are working against it, including the shakiness of any international deal to curb production and the fact that shuttered production can be reopened.
    Read the article
    3y
    ozy ozy
    Hi Stephen, what do you think about this? : in these days contango between next contracts is around $2.. it was usually around $1 or $1,5.. but...
    3y
    Stephen Pope Stephen Pope
    That is a strategy that is worth following Ozy.
    3y
    TradingTom TradingTom
    Beautiful analysis. I am staying put for a long time now and seeing everyone getting fried in oil.
  • Squawk / 01 March 2016 at 14:39 GMT
    CEO / Rhodium Master India
    India
    WTI after hitting 34.50 $.....( sell zone) now towards next destination given 30.50 $....
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    3y
    ozy ozy
    This week I expect to see over $36
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