wti futures curve

7 min read 2021-04-06 23:15:53

Maybe The Biggest Challenge Is Not To Get Carried Away

Like a child fixated on a shiny new toy, I was enthralled by trading in WTI futures on Monday. There are times when end-of-day closing prices just

6 min read 2021-03-24 04:27:45

Is it a building case of/for selling the news? Another substantial down day in the oil market brings the total slide to just more than 13% (since

6 min read 2021-03-19 06:51:01

Well, that will get everyone’s attention, at least for now. Should something happen to the crude oil rocketship, there goes inflation. A day after

5 min read 2021-03-05 07:45:37

There is precedence for this, though not to this extent; it has reached a record. And when it happened before, oil prices were right in the middle of

4 min read 2021-02-25 07:24:35

For a couple of weeks, the $600 payments from Uncle Sam seemed to have found their way into the tanks of Americans driving their automobiles a little

6 min read 2021-01-28 05:37:46

The post-Pfizer vaccine rush pushed most of the contango out of the WTI futures curve. The aftermath of the Georgia Senate vote, and with it dreams

8 min read 2020-12-10 05:08:16

Sticking with our recent theme, a big part of what Inflation Hysteria #1 (2017-18) also had going for it was loosened restrictions for US oil

3 min read 2020-12-03 07:15:41

In a sense, it’s being priced like a game of chicken. On the one side, there’s been vaccine-aphoria now combined with this week’s subsidy-mania

7 min read 2020-11-26 06:25:43

The oil market has caught a mild case of the raging disease. Not COVID, rather the purported cure for it. Vaccine-phoria has visited the energy

7 min read 2020-11-18 04:15:23

A big splurge in September, and then not much more in October. While it would be consistent for many to focus on the former, instead there is much

5 min read 2020-10-29 06:06:31

This isn’t about COVID. It’s been building since the end of August, a shift in mood, perception, and reality that began turning things several

6 min read 2020-10-22 03:41:50

They should be drooling over the prospects of a clearing path toward normality. The pain and disaster of 2020’s economic hole receding into a more

4 min read 2020-09-12 06:16:28

There is no oil in the CPI’s consumer basket, yet oil prices largely determine the rate by which overall consumer prices are increasing (or not).

6 min read 2020-09-10 04:26:39

Confident consumers are risk takers. Not only do they spend freely, they freely borrow in order to spend. Jay Powell has done his absolute best (I

3 min read 2020-09-09 06:32:41

Japan’s yen is backward, at least so far as its trading direction may be concerned. This is all the more confusing especially over the past few