Declining inventories in the aftermath of the previous week’s deep freeze, now referred to as winter storm Uri, as well as continued reductions in global stocks and a measurable decline nationally… more
Crude Oil
In August 2020, the US Federal Reserve made a not-so-subtle change to its inflation policy. The world’s leading central bank shifted from a 2% target to an average of a 2% target for the economic… more
April 2020 will go down in history as the month that the price of crude oil fell to a low that most market participants did not believe possible. West Texas Intermediate crude oil began trading on… more
Crude oil is the energy commodity that powers the world. Over the past six months, the international oil market provided a rollercoaster of volatility for market participants. A ride to the… more
Crude oil is the most watched commodity that trades on futures exchanges. The Brent crude oil futures contract, a pricing benchmark for two-thirds of the world’s petroleum trades on the… more
This Microsoft Excel® spreadsheet pulls in market data for NFX WTI Crude Oil Penultimate Financial (symbol: NTQ) and NFX Brent Crude (symbol: BFQ), both traded on the NASDAQ OMX Futures Exchange (… more
It is always hard to buy a market at or close to its highs, but when it comes to crude oil these days, there are lots of signs that the rally that commenced in February 2016 at $26.05 per barrel… more
Crude oil is the energy commodity that continues to power the world. While many new and exciting energy products will likely take away some of oil’s market share in the years to come, the fact is… more
These two Microsoft Excel® spreadsheets present Globex crude oil market data and forward curves, both current and historical. Two dashboards are available: The first the data includes outrights… more
In the world of commodities futures, crude oil is the most closely watched and heavily traded market. We are all oil consumers in some form as we drive cars, heat our homes during the cold season… more