Market Thinking

making sense of the narrative


Category: Oil

Sell Mortimer! Sell!

Some extreme fun and games in the Oil markets overnight as CL1, the generic first contract for WTI crude went below zero, hitting minus $42 at one point as the May contract expired. By contrast, as the chart shows, the Read more…

Suicide Drones

The attack on Saudi oil facilities by ‘suicide drones’ at the weekend is having the predictable effect on oil prices and President Trump has authorised some release from the Strategic Oil Reserves, an important but not unprecedented move. (See here Read more…