Tags » Crude Oil Futures

Crude Oil Price Update – Major Pivot Price on Weekly Chart is $50.59

NASDAQ

By James Hyerczyk, FX Empire

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U.S. West Texas Intermediate crude oil traded in a narrow range most of the week as traded shrugged off the weekly inventories data while waiting for a key OPEC and non-OPEC members meeting that would determine whether the current program to trim production would be extended or deepened. 484 more words

Oil rises after Iraq signals possible OPEC cut extension

CNBC

  • Oil prices rose on Wednesday
  • OPEC was considering extending or deepening supply cuts, Iraq’s oil minister said
  • U.S. crude stocks rose last week, API said Tuesday…
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US oil prices hit $50 on rising refinery demand, falling rig count

CNBC

  • U.S. Gulf refineries restarting after Hurricane Harvey
  • U.S. rig count falls to lowest since June
  • But analysts warn of distortions following hurricane damage

Andrew Cullen | Reuters… 408 more words

Crude Oil Forecast September 18, 2017, Technical Analysis

Nasdaq

September 16, 2017, 12:32:53 AM EDT By Christopher Lewis, FX Empire

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WTI Crude Oil

The WTI Crude Oil market was very volatile during the Friday trading session, but continues to struggle near the $50 handle. 144 more words

Aramco says IPO on track after report it is preparing for possible delay

CNBC

  • Bloomberg previously reported Saudi Aramco was preparing contingency plans for a possible delay to its planned initial public offering
  • The oil company said Thursday that its planned IPO is still set to go ahead…
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Selling Crude Oil December Futures

Sold 60c@$250 and closed on the same day for $200. Nothing much to see here..

Basis:

  • With a longer term trade with around 45 days to go, getting 20% of premium value within a day enticed me to close early and free up margin for more trades.
/CL

Selling Crude Oil November Futures

Sold 52C@$310 and closed the next day at $270. Sold 52C@$210 and closed the next day at $170. Strangled at 55c@$70/42p@$50.

Basis:

  • I cant remember why i closed those 52c trades so fast, but it could be due to a lack of confidence during that period of time.
  • 8 more words
/CL