Our Oil Call (USO)
TweetShareThese are the original, full posts from our member’s site,Wolf on Wall StreetFirst our USO set-up for a long entry… Next, you’ll find our call for a pullback just as everyone else is calling...
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Cushing and Gulf Coast Storage Filling Up Fast
By EconMatters Cushing, OklahomaThe weekly EIA Inventory report came out today regarding the state of the oil market from the supply side, and the numbers continue to paint a bearish picture of the oil...
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Thoughts on The Current Oil Market
WTI 6-month Chart Source: nasdaq.com, as of 3/23/2015 am By EconMatters Crude oil has slid into a definitive bear market starting 2H14. Since most of the oil companies (majors as well as E&Ps)...
View ArticleUSO / Oil Trade Set-Up
TweetShareAt Wolf on Wall Street we set-up trade probabilities in advance. We let the trade come to our members rather than chasing price around with no idea why and/or no edge or one we don’t...
View ArticleMore Thoughts on the Current Oil Market
By EconMatters WTI surged to close at $56.01 a barrel on Wednesday, while Brent closed at $62.86 after the US crude oil inventories showed a ‘less-than-expected increase’. The latest weekly inventory...
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Slight Production Declines Hide Bigger Oil Storage Issues
By EconMattersStorage BuildsEveryone this week focused on the slight production declines that this was a sign to go long oil, but what seemed to go under the radar was another build in both Cushing and...
View ArticleAPI Data Show More Inventory Build In U.S. Crude, Gasoline And Distillate
By EconMatters This evening, MarketWatch gave an update that the American Petroleum Institute (API) data released late Tuesday (for the week ended April 17) showed U.S. crude supplies climbed 5.5...
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U.S. Oil Glut: How High Can It Go?
By EconMatters Oil Glut Build in PAD3 Gulf CoastUsed oil barrels at a storage in Seattle PHOTO: REUTERS As expected, EIA on Wednesday reported for week ending April 17, U.S. crude-oil inventories...
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API Crude Oil Build Triples Forecast
By EconMatters Market Watch reported the American Petroleum Institute (API) late Tuesday reported that crude supplies rose 4.2 million barrels for the week ended April 24. That was three times more...
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Oil Market Shell Games
By EconMattersMagical Sleight of HandThe old shell game of three shells and a pee where the viewer tries to guess under which shell the pee resides is often used to manipulate participants in order to...
View ArticleOil Price Hit 2015 High
By EconMatters Oil hit 2015 high with WTI at $60.40 and Bent at $68.40 end of trading on Tuesday. Crude prices have now risen 50% in just over three months. The overall oil market sentiment is very...
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U.S. Oil Production Sets New Modern Record
By EconMattersEIA ReportI looked over the weekly Petroleum Inventory Report put out by the EIA today, and the biggest takeaway by far was that U.S. oil production set a new modern era high at 9.566...
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ISIS: Oil as a Strategic Weapon
By EconMatters I have to admit that I am a news junkie. So my TV was glued to CNN on the day of the Paris terrorist attack. During its coverage, one of the CNN commentators mentioned that ISIS makes...
View ArticleWolf on Wall Street’s Daily Wrap
From our members’ site, Amazingly the overnight market started one way (very bullish) as overseas markets took their cue from the US reaction to the F_E_D’s rate hike which as explained before is a...
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That`s the Bottom in the Oil Market
By EconMatters Clear Out Weak Hands in the MarketOn Wednesday the oil market sold off to $33.77 on large product`s builds, China`s devaluation of its currency, and a substantial selloff in equities....
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Natural Gas Prices Signaling Oil Bottom for Investors
By EconMattersNatural Gas Prices BottomedEveryone is trying to figure when the oil markets will bottom. Well lost in all the crazy action in markets globally is the nice resurgence off the bottom for...
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How Oil Futures Curve Have Little Predictive Value
By EconMattersPeak Bull CrapThe oil market is the hot market right now from a news generation standpoint. But there are a lot of people writing and even trading in the oil market that frankly don`t...
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The Big Short of ‘Mother Frackers’
By EconMattersJan. 24, 2016 Energy Bankruptcy Boom 2015 Dozens of oil and gas companies went into bankruptcy last year. While energy E&P companies were dropping like flies in 2015, credit rating...
View ArticleCorporate Gravy Train: Dudley Still Gets 20% Raise After BP Shareholders...
By EconMatters We reported last week that BP is facing a revolt from its shareholders over the salary of its CEO Bob Dudley. What happened was BP’s Board approved an executive compensation package...
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