Tuesday, December 18, 2018
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Brent Trades Near 11-Week High on China Factory Data

Brent crude traded near an 11-week high after a Chinese manufacturing gauge rose, signaling the economy of the world's second-biggest oil consumer is stabilizing. West Texas Intermediate was near a four-week high after stockpiles fell.

WTI Trades Near Four-Week High on Cushing Supplies

West Texas Intermediate traded near a four-week high amid speculation that crude supplies will shrink further at Cushing, the biggest U.S. oil-storage hub. Brent was steady in London after Libya's government offered concessions to defuse renewed tensions.

Speculators Boost Bullish Oil Wagers on OPEC Output Drop

A drop in OPEC production came just as refineries began looking for supply, helping boost bullish speculative bets on crude last week by the most since July.

Brent Rebounds From Biggest Loss in 3 Weeks

West Texas Intermediate crude rebounded from the lowest close in almost three weeks as the U.S. said it will toughen sanctions on Russia, the biggest energy exporter, over the Ukraine crisis. Brent was steady as Libya lifted force majeure at one of its ports.

WTI Crude Trades Near One-Month High on Gasoline Demand

West Texas Intermediate crude traded near a one-month high as a government report showed rising consumption of gasoline reduced inventories of the fuel. Brent rose on concern that Libyan exports' return may be delayed.

WTI Falls From Seven-Week High

West Texas Intermediate crude declined from its highest closing level in seven weeks on estimates that U.S. supplies rose last week. Brent slipped as U.S. Vice President Joe Biden met with Ukrainian leaders.

WTI Crude Falls for Fourth Day on Jobless Claims

West Texas Intermediate crude fell for a fourth day as U.S. jobless claims rose more than forecast last week. Brent gained after Libyan rebels denied a report that they are handing over an oil port to the government.

WTI Crude Above $104 With Jobless Claims Under Forecast

West Texas Intermediate crude rose to trade above $104 for a fifth day as a report showed fewer Americans than forecast filed applications for unemployment benefits last week.

WTI Crude Drops a Second Day on U.S. Inventories; Brent Declines

West Texas Intermediate fell on speculation that U.S. inventories increased for an 11th week, and as a gauge of U.S. manufacturing rose less than expected. Brent slipped.


  • Department of Energy Weekly Report (Wednesdays 10:30am est)
  • American Petroleum Institute Weekly Report (Wednesdays 10:30am Est)
  • Natural Gas Inventories Weekly Report (Thursdays 10:30am est)
  • OPEC Production Quotas
  • OPEC Monthly Oil Market Report
  • Non-OPEC Oil Production
  • Mideast Stability
  • Weather- Related demand
  • CFTC Commitment of Traders Report
  • Energy Information Administration Report (Tuesday afternoons)
  • International Energy Agency Policy
  • Chinese (Asian) demand
  • Iraqi production and export levels
  • Russian shale production
  • Alternation Energy production and technological breakthroughs
  • Inflation
  • Dollar weakness and purchasing power
  • Refining Capacity
  • Weather related refining production limitations (eg hurricanes in the gulf)
  • Venezuelan Production
  • Venezuelan Foreign Policy in relation with US
  • Iran Nuclear dispute status
  • US Strategic Petroleum Reserves
  • US New Drilling and Exploratory Initiatives
  • Oil Spills
  • International Energy Agency Reserves
  • General Accountability Office Study on Geopolitical Disruptions
  • International and Domestic Tax rates relating to oil and gasoline
  • New Geopolitical order after Arab Spring

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