Oil Comparative Inventory

Oil Comparative Inventory

Comparative Inventory Tells Recent Oil Price Story

By Art Berman | January 11, 2024

Analysts propose all kinds of explanations for why oil prices have fallen since late September. They are all somewhat true but the real reason is that comparative inventory (C.I.) has…

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Oil Comparative Inventory

Comparative Inventory & Oil Storage Report: April 26, 2023 (2023-17 FINAL)

By Art Berman | April 27, 2023

WTI price has fallen from the 20-day average to the lower limit of the Bollinger bands since last week.

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Oil Comparative Inventory

Comparative Inventory & Oil Storage Report: April 19, 2023 (2023-16)

By Art Berman | April 20, 2023

WTI Price has fallen from the upper limit of the Bollinger bands to the 20-day average since last week.

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Oil Comparative Inventory

Comparative Inventory & Oil Storage Report: April 12, 2023 (2023-15)

By Art Berman | April 13, 2023

WTI price has moved above the upper limit of the Bollinger bands so a correction is more likely than not.

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Oil Comparative Inventory

Comparative Inventory & Oil Storage Report: April 5, 2023 (2023-14)

By Art Berman | April 6, 2023

Oil price increase has stalled at the upper limit of the Bollinger bands and was unaffected by the bullish storage report this week.

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Oil Comparative Inventory

Comparative Inventory & Oil Storage Report: March 29, 2023 (2023-13)

By Art Berman | March 30, 2023

Market fundamentals were mixed but sentiment seems to have repressed the banking crisis for now and has moved backs back to the China demand meme.

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Oil Comparative Inventory

Comparative Inventory & Oil Storage Report: March 22, 2023 (2023-12)

By Art Berman | March 24, 2023

The range-bound price situation that dominated oil markets since late 2022 appears to have ended with much higher price volatility.

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Oil Comparative Inventory

Comparative Inventory & Oil Storage Report: March 15, 2023 (2023-11)

By Art Berman | March 17, 2023

Traders & journalists will find reasons to paper over the seriousness of the banking crisis but the truth is that WTI prices should be $60 based on inventory levels.

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Oil Comparative Inventory

Comparative Inventory & Oil Storage Report: March 8, 2023 (2023-10)

By Art Berman | March 10, 2023

Market fundamentals remain bearish as the range of WTI over-pricing moved up from $12.50-$17.50 last week to $15.50 to $20.50 this week.

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Oil Comparative Inventory

Comparative Inventory & Oil Storage Report: March 1, 2023 (2023-9)

By Art Berman | March 2, 2023

The range of WTI over-pricing moved down from $16.50-$20.50 last week to $12.50-$17.50 this week.

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Oil Comparative Inventory

Comparative Inventory & Oil Storage Report: February 23, 2023 (2023-8)

By Art Berman | February 24, 2023

Everything about fundamentals indicates that WTI is $16.00-$20.00 over-priced.

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Oil Comparative Inventory

Comparative Inventory & Oil Storage Report: February 15, 2023 (2023-76)

By Art Berman | February 16, 2023

Comparative inventory increased the most since early April 2020 and is now more than the 5-year average.

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