PVM Midday Report 13 June 2016
Headlines
OPEC hints at tighter oil balance in 2H 2016; output down 100,000 bpd in May
Chinese implied oil demand falls by 380,000 bpd in May y/y to 10.24 mbpd
Iran’s biggest oil…
December 31st, 2014
The market closed higher yesterday but this strength was not fierce enough to change the underlying technical picture. On the other hand, the contracts did not quite get down to…
December 30th, 2014
Apart from a mini and very short-lived rally in the early part of yesterday bears firmly remained behind the steering wheel. Not only are they in full control of the…
December 29th, 2014
The Christmas period did nothing to encourage bulls although it has to be said that the extent of the price fall has slowed somewhat but this might have been due…
December 23rd, 2014
The contracts failed to stay over the 8 day MAs yesterday and, as a result, moved lower, slingshot (s/s) fashion, to the 5 day MAs. These were also breached and…
December 22nd, 2014