Discover and read the best of Twitter Threads about #WTI

Most recents (24)

For the next three months, I plan to post a slide-a-day from the @MSFTResearch #NewFutureofWork report, calling out interesting tidbits and providing links to learn more. Find the complete report at: Image
An amazing amount of work went into producing the #NewFutureofWork report. I created a list so that you can follow all of the report authors on Twitter:… Image
#Slide17: Priorities have shifted towards tighter integration of work and personal needs. E.g., the #WTI (…) shows that many are more like to put family, personal life over work than before the pandemic. #Flexibility #NewFutureofWork Image
Read 24 tweets
Crude sitting on Daily PT2

#CL_F #Crude #OOTT #WTI
Volatility on first leg down 31;
Volatility on retest 27
Tail 1
Read 7 tweets
WTI still went from 0-100 faster than Nikola’s electric truck..

Trevor Milton charged with securities fraud. $NKLA

via: @ABC
$NKLA @nikolamotor 📉 Image
Read 5 tweets
WTI is down ~30% the past week, but the supply / demand thesis remains intact:

- Drawing from inventories every week
- OPEC continues to miss output targets
- Global demand rising
- Rig count lagging
- Multiple risks to supply still on the table

#OOTT #COM #EFT #CrudeOil #WTI
Global supply is still suppressed from 2019’s numbers. Image
Global demand has rebounded and isn’t going anywhere but higher. Image
Read 3 tweets
A brief history of the US #Oil Export Ban and subsequent lifting in '15

With gas prices recently breaking ATHs, ‘the ban’ will likely be a heated topic going forward… likely once the energy secretary figures out just how much oil the country she represents consumes 👀
From ‘50 to ‘57, US production of crude increased by 33% while imports doubled as new cheap oil from the ME reached the market. Concerned about the nation’s growing dependence on imports, Congress authorized the Mandatory Oil Import Quota Program in '59, restricting imports. 2/21
From '59 until '70, domestic crude oil production increased by 2.6 mbpd, and net imports of oil increased by 0.4 million barrels per day. In '70, annual oil production peaked at 9.6mbpd. The program ended in '73. 3/21
Read 21 tweets
7 Mart 2022. WTI $130 ve Brent $137'ı gördü... #oott Image
Piyasalar Rus petrolüne ambargo uygulanma ihtimalini yukarı yönlü fiyatladı. İnanılmaz rakamlar.
Read 4 tweets
Precision in market timing & proper position sizing is a 90% determinant for the success of my leveraged trades!

There’s simply no other ways around this 🚀

#SnP500 #VIX
#NQ1 A highly probable roadmap for the coming weeks; but if this looks too obvious to you, my word of caution is that it'll be 20x the opposite in real-time especially when dealing with your open leveraged positions in the lower time-frames...

#PositionSizing Image
#NQ1 roadmap updated; #NotThereYet
#Nasdaq100 #QQQ Image
Read 44 tweets
Alright, this one’s for all of the price chasers out there that are wondering what’s been happening with the Energy industry.

Here’s the story.

Let’s start in 2014.

After rising over 10% in the first half of the year, oversupply caused petroleum prices to slip in July. With growing production from both the Permian and abroad, the crude index continued to fall, down 51% by January 2015.…
In the years that followed, many people’s attention turned to climate change. The idea of peak oil consumption & society becoming carbon neutral caught on fast.

While spot prices went sideways, the rotation out of energy companies continued.
Read 14 tweets
Outra forma de entender o movimento dos mercados diante dos dados de inflação americana é olhar o #JPY 🇯🇵 q caiu 4% nas últimas 3 semanas, sendo a pior moeda de país desenvolvido. Isso pq a inflação nos EUA leva a um ajuste no tapering e não nos juros. Ainda. Pq na prática (+)
a menor demanda por títulos do tesouro pelo fed e a normalização da emissão de papéis após o cumprimento do teto da dívida (já expandido pelo Congresso em 480 bi usd) pressionarão pra cima os rendimentos e a curva antecipará a alta. De olho no ganho de juros as posições correm +
pra títulos americanos. A moeda fortalece e como o iene vinha sendo uma proteção contra o dólar nada mais coerente q haver desmonte de posições em iene. Mas não é só isso. A alta do #WTI de 30% em 2 meses deteriorou a conta corrente japonesa, fato agravado pela crise de energia +
Read 4 tweets
1/n This thread will address some of the most frequent fallacies that are encountered in #energy investing.

While timing any commodity market is notoriously challenging, it is important to have guidelines & a basic framework of understanding.

#OOTT #EFT #Oil #shale
/2 Myth: The transition away from #fossilfuels means that #Oil prices are permanently capped. Reality: oil is a depleting physical asset, with high capital intensity. When prices are high, producers expend significant time & capital exploring for oil & gas. When prices are low,
/3 exploration is reduced. This ebb & flow means that oil remains a boom & bust commodity, despite the best efforts of companies, countries, & cartels to dampen the amplitudes. No one country, or bloc, sets the price. Not ‘Big Oil,’ not #Saudi, not ‘speculators.’ Oil Demand is a
Read 13 tweets
So biggest casualty of #Fed warning on #US #economy y'day, was #Gold,which dropped 3% to $1951.90 an ounce,within minutes of #FedMinutes

Silver too fell below $28

Rout was not limited to precious metals--#Nasdaq sold off despite #Apple hitting $2 trillion market cap

#CrudeOil whipsawed in tight range with #WTI at $42.83

#Fed's take on economic downturn was nothing new&yet markets collapsed

Only asset which saw aggressive buying was US #Tbills,with 10 yr #bond #yield@ 0.665% Vs previous close of 0.685%

#Dollar had its best day in 2 months
So what does y'day's frenzied buying in #bonds indicate?Is the #RiskOn trade over?

Well,not quite--With $9 trillion of excess global #liquidity sloshing around due to coordinated Central Bank rate cuts,since #Covid_19, equities will move up,albeit with severe bouts of volatility
Read 7 tweets
Bizde piyasalar Çarşamba gününe kadar tatil. Bayram sonrası küresel görünümüne ilişkin “food for thought”.
#SPX #Brent ve #WTI 100 günlük (siyah) ve 50 günlük (yeşil) hareketli ortalamaları.
Gün sonu kapanışları hâlâ bu arada. ImageImageImage
Özellikle #SPX endeksinin dakikalık veride 100 (yeşil çizgi) ve 200 günlük (siyah çizgi) hareketli ortalamaların üzerine çıkmış olsa da gün sonu kapanışlarının bu seviyelerden aşağı dönmüş olması önemli. Image
ABD endeksleri (kırmızı çizgi) ile Fed bilançosu (mavi çizgi) arasındaki uzun dönemde ve yakın zamandaki korelasyona dayanarak Corona salgınının hafiflediği ve ekonomiler açılmaya başladığı için bahar havası estirildi. Oysa riskli varlıklarda uzun pozisyon almak için henüz erken. ImageImage
Read 4 tweets
Para entender la caída en el precio del #WTI:

1. Los futuros de crudo son contratos donde se acuerda intercambiar una cantidad fija de crudo a un precio fijo en una fecha determinada.

Así, los inversores especulan sobre el crudo sin tener que comprar o vender físicamente.
2. Un contrato de futuros WTI:

- Equivale a 1,000 barriles,
- Cotiza en dólares,
- Es Mensual, vence 3 días hábiles antes del 25 de cada mes; y
- Se liquida con entrega física, es decir, si lo vendes en su vencimiento debes entregar petróleo y no “papel”.
3. Una gran cantidad de operadores inexpertos mantuvo su posición hasta el final.

Cuando quisieron deshacerse de sus contratos, no encontraron quien les recibiera (comprara) barriles de petróleo ya que la capacidad de almacenamiento está al límite.
Read 6 tweets
✍️Hilo | Me gustaría aclarar lo que pasado en el #petroleo dado que mucha gente lee las noticias y estas informan muy mal de la situación.

El petroleo ha estado negativo es el #WTI (West Texas Intermediate) es producida en USA y no se transporta apenas por mar.
El #CL (Futuro WTI) es más operado debido es negociado por el #CME. Cuando compras un contrato puedes técnicamente recoger los barriles en Oklahoma pero nadie lo hace apenas, solo se utiliza para cubrir la materia prima o especular.
⛔Cuando el vencimiento del contrato se acaba (fecha se cierra, estos productos caducan), si estas largo (comprado) debes cerrar tu contrato, básicamente vender. Si haces "rollover" automáticamente vendes y también compras el siguiente. Diríamos es "renovar" tu posición.
Read 7 tweets
Lets talk about #Oil and why the price of the #US benchmark #WTI West Texas Intermediate has turned negative FOR THE FIRST TIME EVER...
Some of you are waking up to what might read or sound like another disaster. Just when you were learning how to deal with #COVID19, you hear about a so called plunge in the #Price of #Oil. But what does it mean to have oil in negative territory & why is that the case? Lets see...
In the main we will talk a bit about simple matters of #supply & #demand while touching on the #future as far as #consumer outlooks & #perception / #confidence are concerned. I would like us to start in 2016, a quick recap...what happened to #Oil?
Read 20 tweets
Oil #Brent #crudeoil WTI vs Brent. Image
1. Most popular grades of oil quality are West Texas Intermediary (WTI) & Brent North Sea Crude (Brent) (sourced from US from Permian basin)
It’s a benchmark for North America
2. Brent is a blend from of 15 oil fields n other in the North Sea. It's 2/3rds of world production. Benchmark for Africa, Europe + Middle East
Read 21 tweets
#20Abr Última actualización de @ ubica el precio del West Texas Intermediate (WTI) a las 4:46 p.m. en -$16.00. Caída histórica de una de los índices de crudo más importantes.

Seis cosas a tener en consideración y su previsible impacto sobre #Venezuela + reflexiones🧵
1-El #WTI es la principal referencia de crudo norteamericano. Recordemos que los Estados Unidos en los últimos años maximizó su producción interna, gracias también a la explotación de petróleo de esquisto (shale oil) logrando suplir su demanda interna, entre las 5 más relevantes.
2- La caída es motivada sin duda al exceso de oferta en el mercado petrolero y la caída de la demanda en al menos 33,33% (Financial Times) de las principales economías del mundo producto a la cuarentena y las medidas para contener al #coronavirus.
Read 13 tweets
[thread] Oggi il barile di #petrolio #Wti è stato scambiato, per la prima volta nella storia, a un prezzo negativo. Cosa significa? Succede anche per altre commodity? 1/n #covid19 #coronavirus #restoacasa
Intanto, una premessa: il crollo di oggi (che ha interessato il #Wti ma non il #Brent) ha ragioni molto particolari, forse irripetibili, che dipendono anche (non solo) dagli effetti sull’economia dell’epidemia di #Covid19. Le spiega qui @SissiBellomo: 2/n
Che i prezzi di un bene scendano sotto lo zero è un fenomeno apparentemente controintuitivo. In realtà, sebbene accada poco frequentemente, è meno raro di quanto si possa credere 3/n
Read 13 tweets
Actualizo #Gasolinas
La tendencia del precio del Gasoline RBOB sigue en el margen de ~70uscents/Gal.
No han habido cambios sustantivos, a pesar de ver ahorita al #WTI metido en -40 USD/Ba.
Sin embargo, habrá que considerar que los factores más importantes en la crisis petrolera actual son:
1. Insuficiencia de los recortes acordados en la #OPEC
2. De forma indirecta, @GobiernoMX y @rocionahle causaron los descuentos brutales en el Arab Light hacia América.
3. Básicamente esto trajo como consecuencia también una crisis de almacenamiento, es decir, parte de la solución a esta crisis no solo estriba en los recortes de producción, sino en la capacidad de almacenamiento que tengan los países productores.…
Read 7 tweets
#Petrol fiyatları için tarihi bir gün yaşamaktayız. Bir çok şey yazıldığından ve konuya hakim olanlar da kısaca yazdığı için bazı yanlış anlaşılmalar oluyor.

Bu yüzden, pek başvurduğum bir yöntem olmasa da, kısa bir akış ile bir iki noktaya açıklık getirmek istedim.
1) Öncelikle emtia işlemlerini spot ve vadeli piyasalar olarak iki bölümde incelemek gerekir. Vadeli piyasadaki fiyat, normalde spot fiyatı baz aldığı gibi spot piyasadaki fiyat da vadeli piyasadan etkilenmektedir.

Sıra dışı durumlarda ise bu bir fasit daire oluşturabilir.
2) Petrol fiyatı, yeterince açık bir ifade değildir. 150’nin üzerinde türü olsa da en çok işlem görenler #WTI #Brent ve Umman’dır.

3) Fiyatın belirleyicisi arz ve taleptir. Mevcut koşullarda hem arz fazlalığı hem de talep eksikliği olması fiyatı tarihi düşük seviyelere çekmiştir
Read 7 tweets
#WTI petrolün Mayıs vadeli kontratı (-)23$'a kadar düştü.Tabii böyle çarpıcı bir fiyat olunca konuyla alakası olan olmayan herkes ayaklandı.

Petrol stoklarını saklamak için yer kalmadığından kimse fiziki teslimat istemiyor, yarın da kontratın son günü. O nedenle herkes shortladı
Bloomberg Int. haberine göre Teksaslı üreticiler alıcılara ödeme yapmaya bile hazır.

İleriki vadelere bakacak olursak normal fiyatlamalar var fakat tabii ki Mayıs vadeli kontratta çok kişi batmıştır.

#Brent petrol ise %6.5 ekside; 25.5$
1 varil yaklaşık 159 litredir. Haziran vade 22$'dan hesap edersek; 159 litre 152 TL yani petrolün litresi 1 lira bile değil.

Çoğu markette 500 ml su 1.5 liraya satılıyor.

Peki fiyat niye bu kadar ucuz kaldı ve ne zaman düzelecek?

En önemli neden tabii ki talep eksikliği.
Read 8 tweets
Oubliez ça. Maintenant, c'est 2000 barils de WTI américain pour le prix d'un baril de Brent européen.

Le baril de #pétrole US vaut 0.01$, moins que l’allumette nécessaire pour s'en débarrasser.
Une demi-heure plus tard : si vous achetez un baril de #WTI, pour la peine on vous paye de quoi acheter 2 barils de Brent. #LOLILOL
C'est une tragédie :
1. Pour les pauvres types qui ont du pétrole à vendre en mai, physique ou future (donc probablement quelques banques, fonds...).
2. Pour la planète : attendez-vous à ce que dès demain des américains soient payés pour laisser le moteur de leur voiture tourner.
Read 3 tweets
#WTI #CrudeOil futures for May,expiring tomorrow,tanked 57%,to $7.98 per barrel

June contract,expiring on 19thMay, traded@ $26.62/barrel

July futures,traded@ $28/barrel

And all this,despite #OPEC's decision to cut supply by 9.7 million barrels a day,wef 1st May2020

Normally,spread between #Spot &one month forward contract,is 40-50 cents

This time,spread is $10-12,implying weakness in #crudeoil,will continue

Global demand for #Oil in April 2020,was lower by 29 million barrels per day,Vs April 2019

#COVIDー19&global #lockdown, playing out
Indian #Crude basket is a derived basket of #crudeoil comprising #sourcrude(Dubai&Oman)&sweet crude(Brent)

Indian basket,aligned to #Brent crude,has fallen too,but not as much as #WTI crude

April 2020 #Brent@$20.92 per barrel March $32.01
Feb $55.70
Jan 2020@ $63.83

Read 16 tweets
Yaşanan krizin akut dönemi geride kalacağı, sağlıkla ilgili endişelerin azalacağı günlere 6-8 hafta içinde ulaşacağımız tahmin ediliyor. İşte o zaman krizin geride bıraktığı ekonomik enkaz ve kalıcı hasarla yüzleşeceğiz.
Bugün itibarıyla küresel ekonomide oluşan kayıp $5 trilyon olarak hesaplanıyor. Yani dünya, Japonya ekonomisi kadar kayba uğramış durumda. Bu gerçekle yüzleşmek zorunda kaldığımızda yeni durumun finansal piyasalarda ve varlık fiyatlarında kesinlikle yansımaları olacaktır.
Haydi piyasaların anlayacağı dilden ifade edelim:
~2.800 #SPX500 ve ~24.000 #DJIA bu gerçekle uyumlu değil.
Tıpkı petrol talebinin yıllık bazda en az %20 azalacağı ve Q2’de 1,3 milyar varil arz fazlasının olacağı bir yılda #WTI fiyatı gibi...
Temkinli olmakta yarar var.
Read 3 tweets

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