Daily Oil Fundamentals

Products soar, gas prices are bullish company

10 Aug 2023

Products soar, gas prices are bullish company

The reference to the Superman comics when traders utter ‘its ripping its shirt off’ is used too much and becomes watered down, but at present it is fairly apposite for the products market.

Daily Oil Fundamentals

Warning signals ignored

09 Aug 2023

Warning signals ignored

A chart analyst would be quick to point to the 13-day m/a supports that did a marvelous job yesterday to halt the rot and tempt shorts to cover and bottom-pickers to pick bottoms.

Daily Oil Fundamentals

China woes, will oil stocks save rally, will funds?

08 Aug 2023

China woes, will oil stocks save rally, will funds?

It still appears as if we are unable to escape the flux that China’s industrial complex finds itself in. Trade data this morning makes for poor reading and seems as far from a China rebound from when zero-COVID ended.