Daily Oil Fundamentals

The US may be closed, but it is still the driver

04 Sep 2023

The US may be closed, but it is still the driver

The closing prices of August 25 to September 1 reveal a somewhat disjointed market that is made more confusing by the ensuing price gaps left as the US products underwent an expiry in the front months of Heating Oil and RBOB.

Daily Oil Fundamentals

Interest rates a threat to personal spending demand

31 Aug 2023

Interest rates a threat to personal spending demand

Crude oil prices enter the day still very much enjoying the rallying effect provided by the inventory draw first indicated in the API report and then confirmed within the EIAs.

Daily Oil Fundamentals

On Hurricane Watch

30 Aug 2023

On Hurricane Watch

With the wisdom of hindsight, yesterday’s sharp intraday sell-off that took place after New York opened was never going to last.