Commodity Trade Mantra

Posts Tagged ‘Crude Oil Stocks’

Morgan Stanley Expects Oil Prices To Hit $35 In A Few Weeks

Morgan Stanley’s Adam Longson has been one of the most bearish sellside analysts on oil, and overnight he confirmed he isn’t going to change his opinion any time soon. Greater headwinds lay ahead, especially for crude oil. US crude oil stats are likely to trend bearish over the coming months. Putting a number to his call: oil prices will slide to $35 in the next 1-3 months.

Here Is Why Crude Oil Prices May Not Move Higher

The investigation I have presented here about the possible similarities between the present increase in oil prices and the false price rally of March-June 2015 reinforces my sense that a return to higher oil prices is not at all straight-forward. Oil markets are a leading indicator for the broader economy because the economy runs mostly on energy and not so much on money.

Oil Fundamentals Could Cause Oil Prices To Fall, Fast

I hope that oil prices increase but cannot find any substantive reason why they should do anything but fall. As market balance reality re-emerges in investor consciousness and the false euphoria of a production freeze recedes, prices should correct to around $30. A little bad economic or political news could send oil prices much lower.

US May Run Out Of Oil Storage Space As Soon As June

Crude oil inventory data shows that total utilization of crude oil storage capacity in the US stands at approximately 60%, compared with 48% at the same time last year. Oil prices would need to fall even farther for the the floating storage play to be economically viable as the cost of remaining storage goes through the roof.

follow us

markets snapshot

Market Quotes are powered by India

live commodity prices

Commodities are powered by India

our latest tweets

follow us on facebook