The price of crude oil has now given up all of the gains made after the OPEC agreement of November 2016. How long will this weakness last and how far will crude decline? Intermarket Analysis In a research piece dated March 8, 2017, published on the CME website and titled “Is Crude Oil Taking Cue from Vegetable […]
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Oil Price Forecast
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Natural Gas Inventories
Natural gas inventories have fallen below the 5yr median level. John Kemp
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The Oil Story in Charts
Right now the market only cares about OPEC ignoring… : Confluence Investment Management and EIA Yet year to date Bespoke Think Big Blog and since Aug 2015 Bespoke Think Big Blog and 2011 Bespoke Think Big Blog but all the media discusses is they looking in the ?
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Oil Inventories
The below chart from the May 19, 2016 Daily Report from Confluence Investment Management shows that when normalized, oil inventories are building at a lower rate than they normally do at this point of the year. This suggests the 86 year cycle suggested by Martin Armstrong may be playing out, as coincidentally inventories are at an 86 year […]
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Oil Inventory Seasonality
Confluence Investment Management Currently the inventory build is following regular seasonal patterns (at higher levels of course) and if this is the case late March to early April we should start to see a decline.
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