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ClipperBlog

07 June

Oil's tail up, dollar heads down

Five hundred and twenty-two years after the Treaty of Tordesillas was signed, dividing Spain and Portugal, and crude is also in new territory today. As the gruesome twosome of supply concerns and a weaker dollar persist, both Brent and WTI are marching on in fifty-dollardom. Hark, here are five things to consider in oil markets today:

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Tagged ClipperBlog, Qingdao floating storage, Saudi foreign reserves Leave a comment
06 June

Outages buoy oil to start the week

One hundred and thirty-four years after H.W. Seely patented he first electric iron, and the crude complex is unable to get rid of the wrinkles from supply concerns. As broader markets try to recover from Friday's ugly jobs report, the oil market is introspective, focusing on its own fundamentals once more. Hark, here are five things to consider in oil markets today: 

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Tagged ClipperBlog, Saudi oil exports, crude-by-rail, Iran oil exports Leave a comment
03 June

Oil unable to rally despite sliding dollar

Seventy-four years after the birth of Curtis Mayfield, and oil prices are struggling to move on up, despite a wilting dollar due to a shocker of a U.S. jobs report. The combo of yesterday's bearish-tilted OPEC meeting and today's weak nonfarm payrolls is ushering black gold, Texas tea away from fifty-dollardom once more. Hark, here are five things to consider in oil markets today: 

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Tagged ClipperBlog, Saudi crude exports, electric cars, Iran exports Leave a comment
02 June

Oil rallies on EIA draw, ignores OPEC inaction

Sixty-three years to the day after the coronation of Elizabeth as Queen of England at Westminster Abbey, OPEC once again tries to prove itself as kingpin of the oil market. With an acronymtastic day today, courtesy of the ECB, ADP - and OPEC too - here are five things to consider in oil markets:

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Tagged ClipperBlog, OPEC, Saudi, Gabon oil exports Leave a comment
01 June

Oil is trounced, while OPEC loadings rip higher

Sixty-two years after Linus' security blanket made its debut in the Peanuts comic strip, and the oil market is looking to tomorrow's OPEC meeting to provide some comfort and price support (it is absent thus far). A new month means a renewed onslaught of economic data ahead of  the double whammy of OPEC and Nonfarm Friday.  Hark, here are five things to consider in oil markets today.

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31 May

Oil higher ahead of OPEC meeting, new onslaught of data

One hundred and fifty-seven years after Big Ben was started, and the oil market is counting down the clock to an onslaught of economic data from the ringing in of a new month, as well as the OPEC meeting on Thursday. With a feast of fun crammed into a shortened week, here are five things to consider in oil markets today:

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Tagged ClipperBlog, Qingdao oil imports, gasoline demand Leave a comment
27 May

Oil sees profit-taking into long weekend

Forty-one years to the day after the birth of chef Jamie Oliver, and the recent rally in oil is looking a wee bit overcooked, after having a nibble at the $50 mark. Dollar strength returns to pressure prices lower, while a bout of profit-taking after hitting the psychological level of $50 is spurring on selling into the holiday weekend. Hark, here are five things to consider in oil markets...

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26 May

Crude has a shot at fifty dollardom

One-hundred and nine years after the birth of John Wayne, and oil is shootin' from the hip today, with both Brent and WTI taking a shot at fifty dollardom. As the dollar softens, and as another act of sabotage in Nigeria looks to further stymie production, crude is close to price territory not traversed since last year. Hark, here are five things to consider in oil markets today. 

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Tagged ClipperBlog, Nigeria oil exports, WAF flow, West African Flows Leave a comment
25 May

Crude swept up in risk-on rally

One hundred and seventy-two years after Stuart Perry patented the gasoline engine, and oil is chugging higher once more. As a decent crude draw is expected from the weekly EIA inventory report, and as equity markets wistfully rally, crude is hot to trot higher. (although gasoline braces itself for a firm build). Hark, here are five things to consider in oil markets today.

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24 May

Oil reverses losses ahead of inventories

One hundred and thirty-three years after the Brooklyn Bridge was opened to traffic, and crude is trying to navigate troubled water once again. Choppiness today comes courtesy of a stronger US dollar and ongoing oversupply fears, while the prospect of a crude inventory draw from tomorrow's EIA report looms. Hark, here are five things to consider in oil markets today:

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About the Author

Matt Smith deciphers and distills what is most relevant across the energy complex into cohesive and pithy knowledge you can use. The belly laugh is a bonus.

Matt Smith

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