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Oil Prices


Update: Corn vs Oil

By: Sam Stires / Posted on: October 3, 2019

Big Corn and Big Oil have been dueling over the future of the Renewable Fuels Standard, which requires oil refiners to mix biofuels like corn-heavy ethanol into their fuel. The Renewable Fuel Standard requires refineries to blend increasing volumes of biofuels into their fuel each year. The proposed plan would include an increase to biofuels requirements for 2020 of 1 billion gallons (3.8 billion liters) and the agricultural industry wants the administration to force larger refineries to make up for the exempted gallons through reallocation. The proposed plan, discusses 500 million gallons for conventional biofuels and 500 million gallons for advanced biofuels (like biodiesel).

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Trade War Takes a Back Seat to Oil Fundamentals

By: George Butler / Posted on: September 20, 2019

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Technical Tuesday in August

By: Peter Haralambakis / Posted on: August 13, 2019

As we trudge through the era of micro-blogging and social networking intertwined with current global market volatility, we must rely on technical analysis now more than ever.  Below is a sneak peek into a 1 year continuation chart of WTI crude oil with support and resistance levels that are at the fore in regard to potential near term price direction.

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China Crude Crunch

By: Ryan Wolfe / Posted on: August 5, 2019

President Trump recently threatened to tax, nearly $300 billion dollars of Chinese products, by 10%. The already volatile oil market, seems to have room for some extra volatility. The volatility would largely cycle around China’s response to the U.S. tariffs. If China responds by purchasing oil from Iran, analysts speculate crude could rapidly approach $30 per barrel. Trump could impose the sanctions on the Chinese imports as soon as September 1st. Trump also threatened that he could raise the tariff, if no progress has been made towards a trade deal.

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Middle East Market Momentum?

By: Pam Corn / Posted on: July 19, 2019

The latest episode from Iran revolves around an Iranian drone that was destroyed by a U.S. Navy ship in the Strait of Hormuz.  According to the U.S. Navy, the drone had flown within 1,000 yards of the USS Boxer and had ignored “multiple calls to stand down.”  The end result, the drone was immediately obliterated.  Iranian officials claim they have no record of losing a drone.  This episode follows another report earlier in the week when Iran said it seized a foreign tanker in the Gulf. 

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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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