WTI spike to $90 after the headline.
Tag Archives: Oil
Energy Sector is The Only Green in YTD Return of S&P 500.
Opec January Oil Output Rise Led By Saudi Arabia; Output Falls In Libya And Iraq –Reuters Survey Opec States’ Compliance With Opec+ Output Cut Pledges Rises To 132% In January From 127% In December -Reuters Survey
Oil vs Inverse of OECD (End-of-period Commercial Crude Oil and Other Liquids) Inventories. Oil price looks lagging and will try to catch up. Both is almost on perfect positive correlation since 2014. Attachments oil vs ivers inventories (37 kB)
DJ – OPEC KEEPS 2022 WORLD OIL DEMAND GROWTH FORECAST STEADY AT 4.2 MILLION B/D; SEES TOTAL CONSUMPTION AT 100.8 MILLION B/D
DEMAND FOR OIL WAS STRONGER THAN EXPECTED IN THE FINAL THREE MONTHS OF 2021, OPEC SAYS – WSJ
XBRUSD Chart by TradingView
WTI crude futures steadied around $76 a barrel. Traders now await the next OPEC+ meeting on January 4th, as the group is set to decide whether to go ahead with a planned 400,000 barrels per day production increase in February. On the other hand, investors grew confident there will be no need to impose more restrictions on movements amid more …