Quotes from the news wire:
The extra barrels hitting international markets have served as a headwind for Brent, with the US Oil Fund (exchange traded fund) reporting inflows of $104 million on Monday, the largest inflow since August, serving as a tailwind for WTI.
Found on Reuters 2 years ago
Given India’s position as a major crude oil importer... new restrictions would be very bad for the energy complex.
Found on Reuters 3 years ago
Strong economic data, spurred by the Biden $1,400 stimulus check, is a huge positive development for the energy patch.
Found on Reuters 3 years ago
No matter how you cut it, turnaround season is simply a matter of time.
Found on Reuters 3 years ago
While refiners may be getting paid the same amount for gasoline as last year, it’s on much lower production.
Found on Reuters 3 years ago
As we approach the close, the speculator community is reluctant to go home with a net long position.
Found on Reuters 3 years ago
We’re higher, despite super bearish events - it’s all about stimulus, you can’t go home short this weekend because they could sign a deal this weekend.
Found on Reuters 3 years ago
That snapped a 10-week streak of builds, and the market needed that.
Found on Reuters 3 years ago
Demand growth in China is good for the energy market right now, it is pretty much the only game in town even a verbal scrap with President Trump is not good for China demand growth, considering the fragile circumstances the market is currently operating under.
Found on Reuters 3 years ago
Demand is a disaster, that's the whole problem here. It's horrible.
Found on Reuters 4 years ago
We ran out of ammunition to support the market, the government used up all their bullets this week - next week the market is on its own.
Found on Reuters 4 years ago
It's still all about the virus here, it's going to be hard for risk assets to gather momentum.
Found on Reuters 4 years ago
Demand concerns are wiping out all of the gains we have made over the last few weeks, this is not a situation that is going to suddenly get better.
Found on Reuters 4 years ago
Exports are a big area for where the number came from. That's largely related to the sanctions on COSCO, which came home to roost.
Found on Reuters 4 years ago
There's nothing but bearishness in the EIA report, exports are a big area for where the number came from. That's largely related to the sanctions on COSCO, which came home to roost.
Found on Reuters 4 years ago
At some point in time, the fact you have a heavy load of barrels come online that wasn't there a few weeks ago, that's going to kill the golden goose.
Found on Reuters 4 years ago
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