By EconMatters
A strong API Report reporting over a 4 million barrel drawdown in Oil inventories, and a report out of Kuwait saying that an output freeze deal by major oil producers would proceed without Iran will be bullish for the oil market. We expect the short covering to begin tonight, tomorrow and for the next 8 days before the Doha Meeting.
https://www.youtube.com/watch?v=mOcBqMlIy-s
By EconMatters
Barclays, BNP Paribas and a bunch of shorts are going to have to cover before the Doha Meeting. Expect the short squeeze to begin sometime this week.
https://www.youtube.com/watch?v=0l3TeQTrU5U
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By EconMatters
Winter is blasting the Northeast in April. Three snowstorms back to back to hit the Northeast, it appears winter is lasting longer than usual for this part of the country. Natural gas futures have spiked, HO Futures haven`t moved much yet.
https://www.youtube.com/watch?v=TM6LnQRzOJI
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By EconMatters
We discuss some of the current fallacies in the Oil Market in this video. From Russia Oil Production, Inventory Builds, Saudi Arabia`s Strategy, and Market Sentiment regarding the rally off the bottom.
https://www.youtube.com/watch?v=5SFBI4wm8L8
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By EconMatters
With the amazing drop in Oil Rigs just over the last two months, the pain for U.S. Oil Producers is just getting started, expect U.S. Oil Production to start dropping off a cliff. We delve into the Oil Data metrics as to why April, May and June are strong months to be invested from the long side in the Oil Market - the seasonally strong part of the market from a demand perspective.