ENTITY

Crude Oil (CL1 COM COMDTY)

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Analysis
EnergyUnited States
Crude oil is a naturally occurring, unrefined petroleum product composed of hydrocarbon deposits and other organic materials. Crude oil can be refined to produce usable products such as gasoline, diesel and various forms of petrochemicals. It is a nonrenewable resource, also known as a fossil fuel, which means that it can't be replaced naturally at the rate we consume it and is therefore a limited resource.
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bullishCrude Oil
13 Mar 2024 13:36

Slow Crude Inventory Build Keeps Oil Prices Well Supported

​US crude oil inventory build-up slows as refined products' withdrawal accelerates, OPEC+ extends supply cut, US refinery utilization rates on the...

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bullishCrude Oil
05 Mar 2024 06:33Syndicated

Commodity Hedge Fund Positioning & Red Sea Update

CTA Positioning Update According to UBS’ biweekly CTA momentum study, CTAs bought oil and sold precious metals in size in February.

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bullishCrude Oil
01 Mar 2024 20:43

Unexpected Surge in US Crude Oil Stockpile Highlights Inventory Discrepancies

​US crude oil inventories are rising faster than gasoline and distillate withdrawals, with refinery utilization rates increasing for the first time...

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bullishCrude Oil
23 Feb 2024 22:39

Buildup in US Crude Inventory Slows Amid Expectations of a Pick up in Refinery Utilisation Levels

​US crude inventory growth slows, oil rig count to stay flat in 2024, production to rise slightly, demand to increase with warmer weather forecast...

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bearishCrude Oil
17 Feb 2024 22:08

Strong Buildup of US Crude Inventory Plays Spoilsport to a Solid Oil Rally

​OPEC optimistic on oil demand growth, while IEA lowers forecast. US crude inventories rise as refinery utilization drops. OPEC predicts stronger...

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