Commodity Trade Mantra

Posts Tagged ‘Oil Inventories’

This Is What Will Help Oil Prices To Stabilize

Oil Inventories will remain high in some parts of the world and will be drawn down in others. But overall, rising global oil demand and shrinking U.S. oil production (and other areas as well) will begin to eat away at inventory. It just requires some patience. There will be some foreshadowing in oil prices here.

Did The Fed Intentionally Spark A Commodity Sell-off?

A theory: The Fed realized that QE wasn’t working, and never worked, thus another path was needed. But what alternative did they have, since rates were already ZERO? So maybe they changed course and took a strong dollar policy vs. a weak one to intentionally weaken the commodity sector and thus boost consumer spending.

Despite Oversupply, Oil Rallies on Currency Moves

Domestic oil inventories still stand at near-record levels for this time of year in at least 80 years. Because oil remains in oversupply, the recent rally owes a lot to currency moves. We might be seeing a dollar reset, which should finally give oil, gold, copper & other important commodities – the much-needed breathing room.

Oil Price Recovery May Be Too Much Too Soon

The rise in oil prices over the last few weeks has been so rapid that few predicted it. Speculators have raised their bullish bets to the highest level in years. The optimism may not be justified. In the past, bets to such a degree have often been followed by a fallback in prices. Oil inventories are still at 80 year highs.

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