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Trump to tap into SPR?

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

Among the many geopolitical issues going on in the world effecting the oil market, there have been reports this week that President Trump is considering tapping into the Strategic Petroleum Reserve (SPR) in an effort to lower gasoline prices. According to Bloomberg, “options are under consideration ranging from a 5 million barrel test sale to a more sizeable release of 30 million barrels and a third option of a larger release that would be coordinated with other nations.” Utilizing any of these options would create a shift in global crude oil prices.

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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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Just Keep on Truckin’

By: Greg Gill / Posted on: May 1, 2018

The US economy is growing and so is the population, both of which are leading freight companies of all types to see increased growth in the number and weight of goods shipped around the country. Truck load (TL) freight volumes increased 2.8% in 2017 over 2016 which is far higher in comparison to 2016 versus 2015. Fourth quarter of 2017 for TL alone was at 7% growth year over year.  

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Where are US Crude Exports Going?     

By: Greg Gill / Posted on: April 2, 2018

China has responded to the Trump administration’s recently implemented tariffs on steel and aluminum with tariffs on imports of 128 American made products that range from 15% to 25%. The list of products are wine, frozen pork, nuts, fruits and aluminum scrap.   Not on the list, U.S. crude.  

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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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