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Archive for April, 2015

April 30th, 2015

PVM Midday Report 30 April 2015

Headlines

Survey puts April OPEC oil output at 31.04 mbpd, highest since 2012
Kurdish crude exports via Turkey set to rise to 625,000 bpd in June
Iranian oil exports to India surge 17%…


April 30th, 2015

Possible trend reversal on NYMEX – Nothing to do on ICE

Both of the contracts settled higher yesterday. The strength was much more impressive on NYMEX than on ICE as the former closed above all of its daily short-term M/As giving…


April 30th, 2015

US growth hits the brakes

Global equity markets took a tumble yesterday with the curse of weak 1Q US growth striking again as figures revealed that the world’s biggest economy expanded by a measly 0.2%…


April 30th, 2015

Classic up-trend action, but be careful up here. Watch RBOB’s 5 day MA.

The market action yesterday was text book up-trend – a slingshot (s/s) dip below the 5 to the 8 day MAs, which held, then the contracts ran up again and…


April 29th, 2015

PVM Midday Report 29 April 2015

Headlines

June loadings of North Sea Oseberg crude set at 120,000 bpd, unchanged from May
Eurozone private sector lending rises 0.1% y/y in March, first increase in three years
Euro-area economic sentiment dips…