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Trump To Show Iran The Good Oil?

October 13, 2017 Jeffrey Halley 0

President Trump’s update on its Iran relations today has the oil market nervous, overshadowing this evening’s U.S. CPI.  Brent and WTI limped quietly into the week’s end overnight with the price action with the price action neutral as the dust settles. WTI outperformed as the DOE Crude Inventories showed a higher than expected 2.7 million […]

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OPEC Comments Uncap Oil’s Wellhead

October 11, 2017 Jeffrey Halley 0

OPEC comments unleash pent-up demand in oil overnight with WTI the main beneficiary. Crude oil prices shot higher overnight with WTI gaining a spectacular 2.80% and Brent a more modest but still respectable 1.55%. The gains left WTI comfortably above $50.00 a barrel closing at 50.80 in New York while Brent regained the 56.00 level to […]

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Oil Seeps as Gold Rallies

October 10, 2017 Jeffrey Halley 0

Crude oil traded sideways overnight while gold’s rally continued, with volatility dampened by a U.S. and Japan holiday. Oil Crude prices finished broadly unchanged overnight with a U.S. holiday meaning New York trading was subdued. Both Brent and WTI took some solace by comments from the OPEC Secretary-General that they were working to create an […]

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