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The CL Crude-analysis Thread
Created: by tturner86 Views / Replies:145,104 / 1,911
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The CL Crude-analysis Thread

  #1021 (permalink)
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Okay, got it on FT. Thanks.

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  #1022 (permalink)
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trendisyourfriend View Post
There were two opportunities to the upside. One at 6:00am EST and another at 8:00am EST after a bounce from the value area low (weekly) and a higher high price did pullback to a micro level of support twice.


What MT4 indicator are you using to show volume like that?

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  #1023 (permalink)
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This headline hit at 6:00 AM Eastern
UPDATE: Saudi Arabia Pumped 659k Barrels/Day More Crude in March - OPEC (USO) (OIL)

And officially at 6:15

Quoting 
* OPEC's Crude Production Rises by 810,000 B/D in March on Saudi, Iraq, Libya
* Saudi March Oil Output Rises by 346,800 B/D to 10.01 M B/D - OPEC

Not that much as expected, however it is a growth in supply.

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  #1024 (permalink)
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Quoting 
the report also confirmed industry estimates of a surge in OPEC production in March, which jumped by 810,000 bpd led by higher output in Saudi Arabia and Iraq and a partial recovery in Libyan production.

.

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  #1025 (permalink)
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Alphachase View Post
This headline hit at 6:00 AM Eastern
UPDATE: Saudi Arabia Pumped 659k Barrels/Day More Crude in March - OPEC (USO) (OIL)

And officially at 6:15


Not that much as expected, however it is a growth in supply.

Apparently it's due to a rise in domestic demand, so it won't increase exports.

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  #1026 (permalink)
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CobblersAwls View Post
Apparently it's due to a rise in domestic demand, so it won't increase exports.

Where can we see OPEC's domestic demand #?

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  #1027 (permalink)
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Alphachase View Post
Where can we see OPEC's domestic demand #?

You mentioned Saudi increasing production in March. I never stated OPEC anywhere.

Anyway if you need a source on my comment read this article: Saudi Arabia Adds Half a Bakken to Oil Market in a Month - Bloomberg Business

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  #1028 (permalink)
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CobblersAwls View Post
You mentioned Saudi increasing production in March. I never stated OPEC anywhere.

Anyway if you need a source on my comment read this article: Saudi Arabia Adds Half a Bakken to Oil Market in a Month - Bloomberg Business

No offence at all. Was just a question. I'm out of office today, so trying to find anything in open sources.


Last edited by Alphachase; April 16th, 2015 at 01:29 PM.
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  #1029 (permalink)
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Alphachase View Post
No offence at all. Was just a question. I'm out of office today, so trying to find anything in open sources.

Appologies...tough day.

I'll usually get data off BBG or the FT but if you want to actively look then this is a good monthly report:

OPEC : Monthly Oil Market Report

I also keep tabs on Platts and a few of the others.

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  #1030 (permalink)
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Quoting 
Baker Hughes Rig Count: U.S. -34 to 954 rigs

U.S. Rig Count is down 34 rigs from last week to 954, with oil rigs down 26 to 734, gas rigs down 8 to 217, and miscellaneous rigs unchanged at 3.

U.S. Rig Count is down 877 rigs from last year at 1831, with oil rigs down 776, gas rigs down 99, and miscellaneous rigs down 2.

The U.S. Offshore rig count is 33, unchanged from last week, and down 19 rigs year over year.

Also available on their website

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