Oil Comparative Inventory
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COMPARATIVE INVENTORY & OIL STORAGE REPORT MARCH 22, 2023 (2023-12)
- March 24, 2023
- Posted by: Art Berman
- Category: Oil Comparative Inventory
No CommentsThe range-bound price situation that dominated oil markets since late 2022 appears to have ended with much higher price volatility.
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COMPARATIVE INVENTORY & OIL STORAGE REPORT MARCH 15, 2023 (2023-11)
- March 17, 2023
- Posted by: Art Berman
- Category: Oil Comparative Inventory
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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COMPARATIVE INVENTORY & OIL STORAGE REPORT MARCH 8, 2023 (2023-10)
- March 10, 2023
- Posted by: Art Berman
- Category: Oil Comparative Inventory
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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COMPARATIVE INVENTORY & OIL STORAGE REPORT MARCH 1, 2023 (2023-9)
- March 2, 2023
- Posted by: Art Berman
- Category: Oil Comparative Inventory
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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COMPARATIVE INVENTORY & OIL STORAGE REPORT FEBRUARY 23, 2023 (2023-8)
- February 24, 2023
- Posted by: Art Berman
- Category: Oil Comparative Inventory
Everything about fundamentals indicates that WTI is $16.00-$20.00 over-priced.
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COMPARATIVE INVENTORY & GAS STORAGE REPORT FEBRUARY 16, 2023 (2023-7)
- February 17, 2023
- Posted by: Art Berman
- Category: Oil Comparative Inventory
I expect another week of warmer-than-normal weather and weak natural gas storage withdrawals.
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COMPARATIVE INVENTORY & OIL STORAGE REPORT FEBRUARY 15, 2023 (2023-76)
- February 16, 2023
- Posted by: Art Berman
- Category: Oil Comparative Inventory
Comparative inventory increased the most since early April 2020 and is now more than the 5-year average.
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COMPARATIVE INVENTORY & OIL STORAGE REPORT FEBRUARY 9, 2023 (2023-6)
- February 9, 2023
- Posted by: Art Berman
- Category: Oil Comparative Inventory
There is an aggressive ~$11.00 premium included in WTI pricing despite generally bearish fundamentals.
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COMPARATIVE INVENTORY & OIL STORAGE REPORT FEBRUARY 1, 2023 (2023-5)
- February 2, 2023
- Posted by: Art Berman
- Category: Oil Comparative Inventory
There are no bullish fundamentals for oil. WTI is in contango. Inventories are approaching the 5-yr avg. Futures are below the 100- & the 50-day avgs. C.I. indicates WTI is at least $7.50 over-priced.
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COMPARATIVE INVENTORY & OIL STORAGE REPORT JANUARY 25, 2023 (2023-4)
- January 26, 2023
- Posted by: Art Berman
- Category: Oil Comparative Inventory
Oil-price discovery excursions often last for weeks or even months before exuberant expectations of counter-parties intersect with market fundamentals.
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