The latest Commitments of Traders data from the CFTC confirms that short covering has been largely responsible for the rally in crude oil during the... Continued
OPEC Fuels Biggest Oil Rally Since 2009
WTI crude oil futures are in the process of posting their largest 3-day rally since early 2009. Crude futures are now up ~22% since early... Continued
Producer Hedging Set to Cap Crude Gains
We are seeing a very interesting dynamic take hold in crude oil futures markets: In recent weeks we have witnessed a confluence of forces; speculators... Continued