-
In economics, things take longer to happen than you think they will, and then they happen faster than you thought they could.
-
Join 3,498 other subscribers
Contribute To GMM
Categories
- 3D Printing
- Agriculture
- AI
- Algos
- Apple
- Automation
- Banking
- BFTP
- Bitcoin
- Black Swan Watch
- Bonds
- Brazil
- Brexit
- BRICs
- Budget Deficit
- Capital Flows
- Cartoon of the Day
- Cashless Society
- Chart of the Day
- Charts
- China
- Clean Tech
- Climate Change
- Coach C
- Commodities
- Coronavirus
- COVID
- Credit
- Crude Oil
- Currency
- Cyprus
- Daily Risk Monitor
- Day In History
- Debt
- Demographics
- Disinflaton
- Dollar
- Earnings
- ECB
- Economics
- Economist
- Egypt
- Electric Vehicles
- Emerging Markets
- Employment
- Energy
- Environment
- Equities
- Equity
- Euro
- Eurozone Sovereign Spreads
- Exchange Rates
- Fed
- Finance and the Good Society
- FinTech
- Fiscal Cliff Monitor
- Fiscal Policy
- Food Prices
- France
- Futurist
- Game Theory
- General Interest
- Geopolitical
- Geopolitics
- German Bund
- Germany
- Global Macro Watch
- Global Reset
- Global Risk Monitor
- Global Stock Performance
- Global Trend Indicators
- Gold
- Greece
- Healthcare
- Heat Map
- Hedge Funds
- Housing
- Human Interest
- Immigration
- Impeachment
- India
- Inequality
- Inflation/Deflation
- Infographics
- Innovation
- Institutional Investors
- Interest Rate Monitor
- Interest Rates
- Interviews
- Italian Yields
- Italy
- Japan
- Jobs
- Lectures
- Macro Notes from Conference Calls
- Manufacturing
- Masters
- Mexico
- Monetary Policy
- Movies
- Muni Bonds
- Muni Market
- Natural Gas
- News
- Nonlinear Thinking
- North Korea
- Overbought Markets
- Picture of the Day
- PIIGS
- PMIs
- Policy
- Politics
- Population
- Populism
- Portolio
- Poverty
- President Trump
- Qunat Strategies
- Quote of the Day
- Quotes
- Rare Earth Elements
- Readership
- Reads
- Real Estate
- Relative Strength Index
- Robert Shiller
- RSIs
- S&P500
- Sector ETF Peformance
- Semiconductor prices
- Semiconductors
- Social Media
- Socialism
- Song for the Week
- Sovereign Debt
- Sovereign Risk
- Spain
- Sports
- State and Local Government
- Tail Risk
- Technical Analysis
- Technology
- The Big Reset
- The Weekend Read
- This Day In Financial History
- Trade War
- Trades
- Tweet of the Day
- Ugly Chart Contest
- Uncategorized
- US Releases
- Video
- Volatility
- Wages
- Week Ahead
- Week in Review
- Weekend Reads
- Weekly Eurozone Watch
- Whales
-
Recent Posts
Meta
Tag Archives: Crude Oil
“I Have Never Seen Such A Strong Market”
For oil storage. Watch the CEO of Nordic American Tankers (NAT) quote Cramer $70k per day to lease an oil tanker. Buy spot/sell forward and that arb should drive the forward/futures premium relatively close to the cost of carry. Traded … Continue reading
Deflationistas About To Go Apeshit Over The Collapse Of Oil Prices
The Saudi-Russian Oil War is going to set the deflationistas hair on fire. What is wrong with the relative price of oil collapsing? A big flop in the price of a headline commodity almost always brings out a deflation panic. … Continue reading
Perspective In The Permian
For a bit of perspective, the entire state of California, which recently beat out the United Kingdom as the fifth biggest economy in the world, has around 10 active drilling rigs. The Permian Basin alone has nearly 500. Exxon Mobil … Continue reading
Why is Canadian oil so cheap? – Financial Post
$10 Handle On WCS Wow! Canadian crude traded with a $10 handle! That is frickin’ stunning. Production is stranded and nowhere to go. Can’t use oil tankers for storage as they can’t get it to port. Here’s to wishing we … Continue reading
Posted in Crude Oil, Uncategorized
Tagged Canada, Crude Oil, Financial Post, The Globe And Mail, Western Canadian Select
Leave a comment
Ten Good Weekend Reads
Here comes a $40 handle on crude! Why good forecasters become better people – FT To make predictions, keep an open mind and understand what you don’t know Trump, Xi Signal Readiness for Trade Talks Ahead of G-20 Meeting – … Continue reading
The Rack Trade Cometh & Killeth
The following trade is causing some mega pain and panic unwind within the energy trading community: Long Crude Oil futures/Short Natural Gas Futures It’s painful enough to be squeezed, but to be taking it at both ends is unbearable and … Continue reading
Crude Testing Critical Support…Will Stocks Follow?
The near WTI futures price is down 21 percent since peaking on October 3rd as traders front ran the Iranian oil sanctions, which went in to place this week. Fearing spiking oil prices, the U.S. granted waivers to eight of … Continue reading
Crude Reality For Emerging Markets
This chart comes to us via the “Polish Swish,” known for his nuttin’ but net baseline jumper. It illustrates the local pain of rising oil prices in a few selected emerging markets. Crude oil is priced in dollars, and countries … Continue reading
Posted in Crude Oil, Currency, Emerging Markets, Uncategorized
Tagged Crude Oil, Currencies, Emerging Markets
6 Comments
Week In Review – June 29
Summary Global equities finished the first half relatively weak. The S&P500 moved back and tested the bottom of the old trading range of 2700-2742. We seriously doubt this range holds and expect lower prices unless POTUS gets religion on free … Continue reading
Posted in Uncategorized, Week in Review
Tagged bonds, Copperr, Crude Oil, Stocks, Week in Review
Leave a comment