ClipperBlog

23 August

Oil heads lower for second day

Oh good. It's only the second day of selling after the recent rampant rally, and yet we are already hearing renewed rhetoric from key producers. Iran is the subject of the latest rumors, said to have agreed to attend next month's producer meeting in Algeria. Nonetheless, prices are ignoring this influence for now, and are easing lower ahead of a potentially bearish inventory report tomorrow....

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Tagged China oil demand, China oil imports, Malaysia Leave a comment
22 August

Oil prices finally retrace

The recent oil rally is finally hitting the brakes, with prices retracing today on supply developments relating to Iraq and Nigeria, while vehement short-covering has brought financial positioning back from the ledge of bearish extremities. Hark, here are five things to consider in oil markets today:

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Tagged Nigeria oil exports, OPEC, Iraq, Malaysia Leave a comment

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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