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OPEC decision


"Cuz Crude, You're a Firework"

By: Peter Haralambakis / Posted on: July 9, 2018

As organized 4th of July celebrations dissipate in the unbearable mid-summer heat, and Katy Perry’s “Firework” lyrics fade into the hot summer nights, “family trucksters” trekking across our great nation are certainly not celebrating gas prices at the pumps.  Fireworks continue to light up the “trading skies” for the bulls as WTI for August delivery is trading near its 4 year high at $73.60 bbl, RBOB is up $0.0339 trading at $2.1424 gal, and HO is up $0.0233 at $2.1917 gal.  Since the middle of June, and after OPEC’s decision to increase production to fill the oil production/export void that will be left by re-imposed sanctions against Iran, WTI has rallied nearly 17% or $10.69 bbl. 

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"All-Important" Meeting Imminent

By: Thomas Roberts / Posted on: June 18, 2018

 

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Who Will Come In First?

By: Pam Corn / Posted on: June 12, 2018

June 22nd marks the next meeting of the OPEC producers to be held in Vienna. Moving into the second half of the year it is highly uncertain if a global glut has ended.

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Retracement?

By: Greg Gill / Posted on: May 29, 2018

On May 22nd WTI Crude nearly reached $73 / barrel and since then prices have dipped almost 10%. 

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The Bulls Take a Pause

By: Mike Dombroski / Posted on: May 18, 2018

Trading is tepid today after bullish geopolitical news sparked weekly gains across the board.  Technically, the market is extremely overbought, but the computers may be apprehensive to sell until any of the following issues are resolved.

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Guttman Energy Daily Market Update Disclaimer – The information contained in this market update is derived from sources believed to be reliable; however this update could include technical inaccuracies or typographical errors and Guttman Energy does not guarantee the accuracy, completeness or reliability of this update. FURTHERMORE, THIS UPDATE IS PROVIDED "AS IS," WHERE IS, WITH ALL FAULTS AND WITHOUT ANY WARRANTY OR CONDITION OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY. GUTTMAN ENERGY ALSO SPECIFICALLY DISCLAIMS ALL EXPRESS AND IMPLIED WARRANTIES. YOU USE THIS UPDATE AT YOUR SOLE RISK. This update and any view or comment expressed herein are provided for informational purposes only and should not be interpreted in any way as recommendation or inducement to buy or sell products, commodity futures or options contracts.

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