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The CL Crude-analysis Thread
Started:December 17th, 2014 (02:33 PM) by tturner86 Views / Replies:126,041 / 1,755
Last Reply:10 Hours Ago (02:44 PM) Attachments:450

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The CL Crude-analysis Thread

Old January 29th, 2016, 02:16 AM   #1471 (permalink)
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Looking at the daily chart we seem to have a shooting star.

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Old January 31st, 2016, 05:46 PM   #1472 (permalink)
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a look at weekly US Crude oil stocks (blue) and production (green) ...

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Crude oil prices weekly for the same time frame, not adjusted for inflation or anything...

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Old February 3rd, 2016, 12:05 PM   #1473 (permalink)
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Oil inventory up 7.8 Million analyst estimate was 4.8 ..

Interesting quote from the EIA inventory report

".....Reserve) increased by 7.8 million barrels from the previous week. At 502.7 million barrels, U.S. crude oil inventories remain near levels not seen for this time of year in at least the last 80 years"

and oil is UP a few dollars on the news ....not sure what to say about that one.

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Old February 3rd, 2016, 12:09 PM   #1474 (permalink)
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Aufidius View Post
Oil inventory up 7.8 Million analyst estimate was 4.8 ..

Interesting quote from the EIA inventory report

".....Reserve) increased by 7.8 million barrels from the previous week. At 502.7 million barrels, U.S. crude oil inventories remain near levels not seen for this time of year in at least the last 80 years"

and oil is UP a few dollars on the news ....not sure what to say about that one.

Oil up because dollar index down big.

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Old February 3rd, 2016, 12:11 PM   #1475 (permalink)
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Oil up because dollar index down big.

also we did drop like .60 before short covering.

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Old February 3rd, 2016, 12:20 PM   #1476 (permalink)
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Interesting quote from the EIA inventory report

".....Reserve) increased by 7.8 million barrels from the previous week. At 502.7 million barrels, U.S. crude oil inventories remain near levels not seen for this time of year in at least the last 80 years"

For this time of year is significant. Crude stocks normally peak in the spring. Last year crude stocks increased 75 million barrels in the next 3 months, 2 years ago they increased 25 million barrels. In fact in the last 16 years I believe 2003 was the only year stocks didnt increase >20million barrels in the next 3 months.

Brent is now premium again in the front of the curve, with WTI only slightly premium for the second half of the year.

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Old February 3rd, 2016, 02:05 PM   #1477 (permalink)
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Interesting article on /CL, news etc over the past week or so (esp last THU.) Article states that Russia and Saudi Arabia are the two largest exporters.

Also, I think Dudley's comments to MNI helped fan the short covering in /CL today as well as the dump in /ES.

Who knows, folks are walking on pins and needles - waiting for someone/ thing (central bank) to say BOO.

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How Russia?s ?verbal intervention? triggered an oil market rebound - MarketWatch

EDIT

Link to Dudley and MNI comments

http://www.reuters.com/article/us-usa-fed-dudley-idUSKCN0VC1M6


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Old February 4th, 2016, 01:33 AM   #1478 (permalink)
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Is it just me or are the margin requirements the same now as they were when oil was $100?

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Old February 4th, 2016, 08:57 AM   #1479 (permalink)
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Is it just me or are the margin requirements the same now as they were when oil was $100?

oil volatility is the highest its been since 2008-9

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Old February 4th, 2016, 10:11 AM   #1480 (permalink)
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Aufidius View Post
Is it just me or are the margin requirements the same now as they were when oil was $100?

I believed they peaked in Feb'15 at $4900 maintenance but are now down to $4000.

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