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Mike Dombroski

Mike Dombroski


Winter is Coming...No, it's Already Here

By: Mike Dombroski / Posted on: November 12, 2018

Reuters reported Monday that Saudi Energy Minister Khalid al-Falih said OPEC and its allies will need to cut around 1 million barrels per day from October’s production levels beginning next year to overcome the crude oil oversupply situation. This comes a week after the U.S. granted waivers to its allies to purchase Iranian oil which helped perpetuate the incredible sell off we’ve seen in oil prices over the past few months, with WTI down about 20% from its October high, last trading at $61.09/barrel. 

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Trump's Tweet Reverses Early Morning Gains

By: Mike Dombroski / Posted on: October 15, 2018

November WTI traded higher by $1.36/bbl overnight, but a Presidential tweet has reversed the course.

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Demand Destruction

By: Mike Dombroski / Posted on: September 14, 2018

Oil prices are trading lower today primarily because our industry is looking at the weakening Hurricane Florence more so as petroleum demand destruction rather than a supply disruption event.

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Who Let the Bulls Out?

By: Mike Dombroski / Posted on: August 22, 2018

The oil market is rallying today primarily because of a sizable crude oil draw reported by the DOE, a softening dollar, and bullish OPEC comments.

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Buying Opportunity?

By: Mike Dombroski / Posted on: August 16, 2018

Commodity and global equity markets got smoked yesterday due to a surge in the U.S. dollar index which was perpetuated by fears of Turkish contagion and a surprise build in crude oil inventories.

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