fxs_header_sponsor_anchor

News

Oil: Calm before the storm – Rabobank

Rabobank analyst’s note that the oil complex was mostly quiet last week with both ICE Brent and NYMEX WTI failing to break above or below the prior week’s trading range

Key Quotes

“The IMO 2020 is still more than four months away, however, the initial impacts are already being felt in fuel oil markets.”

“Cushing stocks dropped by a sizable -2.485mb this week which followed last week’s -2.54mb drop - resulting in the biggest two week decline in well over a year.”

“China announced retaliatory tariffs on 75 billion of US goods and have targeted US crude oil imports for the first time.”

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.