Discover and read the best of Twitter Threads about #wti

Most recents (23)

✍️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
Bueno, ya me he animado. Vamos allá: ¿Qué ha pasado hoy en el petróleo?

👇👇HILO👇👇

#WTI #Petróleo #Futuros #Cushing

Hoy casi todas las referencias (benchmarks) de petróleo han corregido notablemente a la baja, pero una en concreto es la que ha llamado más la atención y rellenado más noticias y titulares: el WTI.

En concreto el contrato de futuros de mayo de WTI, que ha cotizado en negativo.
En negativo, sí. Te pagaban por comprarlo.

Pero antes de explicar por qué, expliquemos un poco qué es el WTI.
Read 26 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
[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.
energy.gov/articles/doe-a…
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
Absurdes aus der Welt des Kapitalismus: der #Ölpreis schmiert ab. In #Texas (#USA) $2/barrel, in #NewYork $5.48/barrel (WTI) bzw. $26.44 (Brent).
Ursache: der Nachfrageeinbruch durch #Coronavirus #covid19 und Preiskrieg #Russland/#SaudiArabien. /MS bloomberg.com/news/articles/…
Nachdem langsam aber sicher auch die Speicherkapazitäten knapp werden, dürften die ersten Inhaber von Öl-Futures sogar in negative Preise akzeptieren - also bezahlen, damit jemand ihnen das Öl abnimmt. Der #Umweltschutz lässt grüßen... /MS
... wtf. Keine Minute später kracht der #Ölpreis auf unter $1/barrel ein (WTI). Der Preis lag mal bei jenseits $140/barrel vor der Wirtschaftskrise 2008ff... /MS
Read 13 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

#OilCrash
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

#OilCrash
Read 16 tweets
I prepared a few notes for the guys @SquawkBoxEurope

Happy to share them here with you:-

1/x
Even before #coronvairus struck, there were signs taht the bloom was off the rose:-
2/x
Exposures were high going in and - in some cases - have only gone up amid the turmoil:-
3/x
Read 10 tweets
THREAD: Since March 9, when oil prices started plunging, my team and I have been compiling data on the budget cuts announced by N.American E&Ps.
They have cut more than 28% of their 2020 capex. See below for list:
Compiled by @arooneyma @shanti_2594 and @Arundhati_05
These include only the ones that have given hard numbers. Some others have said they will cut, but did not provide specific details.
Oil major @exxonmobil $XOM on Monday said it will make "significant" cuts to spending, but did not provide details. Rival @Chevron $CVX said it was looking at ways to trim spending that could lead to lower near-term oil production
Read 10 tweets
1/ Thanks for voting.

First 5 minute of the new hour candle seem to have higher volatility according to initial research.

So I went down a level and checked 1min candles.

This is the aggregated result for 9 FX pairs+ #WTI + #XAUUSD for last 18 months.

#umrstats
2/ Despite ignoring outliers, you can see that in aggregate, first minute seems to have higher volatility than the rest.

Another interesting observation is that second highest volatile 1min candle is 16th min and third most volatile candle is 31st min.
3/ This was a bit surprising.

I mean... for markets as mature as #FX it is a big thing to have such a repetitive profile ... only thing which came to my mind was that despite trying to ignore extreme outliers, these minutes are still picking up effects of smaller risk events.
Read 7 tweets
My updated view on #SP500. Is Fed about to disappoint sending #equities much lover towards ~2000 for SP500? Then stepping back in FOR REAL ~Q2 2020 to avoid #DEFLATIONARY Melt-down - which will create bounce in market and later new major decline during #STAGFLATION #HZupdates
One more push lower on #VIX before major bottom - and strong reversal? #HZupdates
#Oil #WTI could be about to embark on final decline towards ~20 USD #HZupdates
Read 5 tweets
1/11 on DUCs:

Common view suggests that, even without higher rig counts, lower 48 production of 8.5 mb/d can grow this year by running down drilled but uncompleted wells - or DUCs - inventories of more than 8,000 wells.
#oott
2/11 What are DUCs?

DUCs are the result of modern division of labour. A baseload inventory of DUCs therefore will always be present due to the scheduling of proppants, water, frac crews and other requirements.
3/11 More DUCs?

Recently, the ratio of DUC wells to completions has been rising. Producers build DUC inventories in low price environments—such as the weak Midland price environment of H2 18 related to pipeline constraints—and complete them at more attractive prices later. #oott
Read 12 tweets
1/13 On oil & oil equity prices:

So why does oil and oil equities underperform the S&P and NASDAQ in 2019 by a wide margin? #OOTT #brent #WTI #oilprice
2/13 As shown by Crescat Capital, this is a growth/ETF/momentum market which left commodities at 50 year relative historical lows! @crescatkevin @TaviCosta
3/13 So how do oil prices format?

Short term, spot prices #trade around inventory levels.

However, it is hard for #Brent and oil equities to go up on declining inventories while demand/macro weakens (macro outlook uncertain). #OOTT #WTI @HFI_Research
Read 13 tweets
Dear all 🙂Hope you enjoy the weekend! We are still in the Twilight Zone. Despite continued deteriorating economic fundamentals across the globe, US stock market continues to rally. But for how long...? Stay tuned for some #HZupdates
Indicators and signals across the globe continue to suggest economic slowdown - which slowly but surely spreads to all geographical regions and industries. It is my firm belief, that US will not decouple and US #equities will realize this at some point #HZupdates
#WTI sends clear signal from major Ending Diagonal. We may rally further in wave (B) - but soon we will see a reversal, which will send #Oil towards its LT-target of <20USD #HZupdates
Read 19 tweets
Starting a #thread on #AssamFloods #Kaziranga with this first rescue of a hog deer @action4ifaw @vivek4wild
Follow this thread for more updates on #wildliferescue over the coming days. +
As floodwaters enter fringe villages of #Kaziranga and people move out, #wildlife needs higher ground to be safe. This is where we come in to rescue animals displaced or injured by #AssamFloods with #AssamForestDepartment and @action4ifaw
@vivek4wild @AzzedineTDownes +
Fleeing deer caught on camera by Rabin Sharma depict the state of #wildlife in most parts of #Kaziranga that is expected to go under water by tomorrow #AssamFloods
@action4ifaw @vivek4wild @AzzedineTDownes
Read 17 tweets
#WTI price action towards $58,25 following #OPEC+ meeting #OOTT
#OPEC #OOTT #WTI price went up 5 minutes after scheduled meeting at 13:00 before moving towards $58,25 with a 5 moves down.
If we consider #OPEC posture, $58,75 should have provided support imho. But it didn't. The fall retraced 0.618 Fibo
Read 19 tweets
Last week in markets was truly exciting! Some important signals were provided - which sets us up for some truly great trades 😀Before all leaves FinTwit to relax and enjoy during Christmas - I will provide you with some #HZupdates. Stay tuned! 👍
#EURUSD has been showing a lot of weakness. The LT-perspective is same as it has been for a very long time. Target of ~0.91 to be reached some time during 2019. Coming decline will bring about massive capitulation #HZupdates
#EURUSD - I have had 2 scenarios for how price will develop coming days/weeks. This scenario seems to hold most credibility. We could see small bounce next week - but soon EURUSD will crash in a strong wave lower. Great opportunity to go short is closing in #HZupdates
Read 16 tweets
Hi all 😀Ready for some #HZupdates? I have had some busy weeks - however, I expect to post more regularly soon again. I'm also spending more time on my Whatsapp list for subscribers. Some great trades ahead. Stay tuned! 👍
#EURUSD No changes to LT-view. We are on the path towards 0.91. I do expect a bounce in EURUSD, before a crash will set in #HZupdates
#EURUSD Following the bounce, the decline will be forceful - comparable to the decline in 2014-15 in steepness. One small bounce on the way towards 0.91 will be wave 4 #HZupdates
Read 15 tweets
#EURUSD rally is coming! I have been calling for this for few weeks, and we are getting closer. I expected it to begin >1.130. After breaker this level, I however think, we will see another low in EUR before the pair takes off. Hence, weakness (initially) before rally #HZupdates
Callings of crash in #EURUSD now. I have been of opinion, that we will see significant rally first taking us much higher than most traders anticipate. The rally is the last wave in wave 2. The last chance to get out before the EUR begins crash towards LT-target of 0.91 #HZupdates
Like EUR, #Gold #XAUUSD will also crash. However, we are about to set out for significant rally, which will bring Bulls back out with claims of USD 1500+. This will not be the case and when Gold tops, the decline will be strong. I have updated my LT-target to 750 USD #HZupdates
Read 11 tweets
THREAD: 1/ Alberta's Economy - How we got to now. #ableg #abgov #Alberta
2/ Forget your idealizations about Peter Lougheed. He was a great man. This story begins in the late 1990's with the Federal Liberals under Jean Chretien and his Minister of Natural Resources, Anne Mclennan. en.wikipedia.org/wiki/Anne_McLe…
3/ Anne Mclellan (@DalChancellor) likely had a greater impact on the trajectory of Alberta's Economic prosperity than any other politician in history. OK, maybe we'll place her next to Saint Ralph Klein, God Rest His Soul.
Read 41 tweets

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