Commodity Trade Mantra

Posts Tagged ‘Oil Price Volatility’

Is This Oil Price Rally for Real or Just a Dead Cat Bounce?

What a difference a week makes. Oil prices are more than 9% above last Friday’s capitulation low. The bounce has legs in the short-term but it doesn’t alter the long-term bearish story. U.S. oil inventories just had their largest drop of 2017 & a fifth consecutive weekly decline. OPEC is expected to extend production cuts on May 25. Goldman reiterated its bullish call for an imminent supply deficit.

Oil Price Volatility Off The Charts - What Explains The Incredible Volatility?

Oil prices are at their lowest levels in more than a decade, but the daily up & down moves are leaving investors with whip lash. What explains the volatility? What is new is the instability in the financial markets. China’s slowing growth; Emerging market currencies crashed; Fed rate hikes may or may not be forthcoming, etc. This all adds up to a period of incredible volatility.

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