Commodity Trade Mantra

Posts Tagged ‘Gasoline Demand’

These Fundamentals Point To Higher Oil Prices

Investors overlooked the bearish news of crude stocks that still remain at all-time highs, because of another more interesting development. Gasoline stocks have declined rather significantly in recent weeks, at a much faster rate than at this point in the 2016 season as demand is rising. That, along with a few more reasons, makes one surely feel optimistic about oil prices.

End of Driving Season Means More Declines In Crude Oil Prices

The driving season ends next month, which is when most refineries shut down for maintenance after operating at near-full capacity during the summer months. This is—historically—when gasoline demand subsides. The end of summer travels is also when gasoline stockpiles in the U.S. could increase, further pushing down crude oil prices.

Has the Oil Price Rally Gone Too Far? Time for a Correction or Yet More to Rise?

As usual, the oil markets are rife with confusion and uncertainty. Speculators could be overextending themselves – Or – realize that the rally has run out of steam & then decide to pocket their profits. The longer-term looks a little clearer on the back of rising demand and shrinking supply. The market will have to balance out; the only debate is over how quickly that happens.

Oil Prices Supported by China's Strategic Reserve Hoarding

Imports into China continue to knock the socks off last year’s levels. Should oil imports keep up their pace for the rest of the month, they will be achieve their highest level since April, and imports overall will be up 14% year-to-date through the first three quarters of the year. Bargain-hunting? You betcha.

Price Manipulation In The Oil Markets?

Whether price manipulation is occurring now in energy prices is debatable but be aware, as where there is smoke, there is fire. The question: When is enough, enough? When does it ultimately damage the faith in “free” trading in all assets among investors? Volumes have been declining reflecting a loss in investor confidence.

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