Markets are worried that a Greek debt default could hit European economic growth and thus fuel demand, capital controls are not bullish for the economy, and not bullish for oil. How much can you spend on gasoline if you can't withdraw more than 60 euros a day?

Tamas Varga

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Categorized in : Energy
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Today's weakness is just part of the general belief that the mark... by Tamas Varga

Today's weakness is just part of the general belief that the market is oversupplied.

Tamas Varga
energy
Global oil stocks refuse to come lower. by Tamas Varga

Global oil stocks refuse to come lower.

Tamas Varga
energy
The Kuwaiti strike is supporting prices. by Tamas Varga

The Kuwaiti strike is supporting prices.

Tamas Varga
top-news

Oil is down because Iran said they would only join the output freeze group once they reached production of 4 million barrels a day (bpd).

Tamas Varga
most-read-articles
It seems to be a healthy upside correction in an otherwise downtr... by Tamas Varga

It seems to be a healthy upside correction in an otherwise downtrending market.

Tamas Varga
company-news

It's technical buying. It's pretty obvious shorts started to take profit when Brent prices dropped down to the 2008 low.

Tamas Varga
top-news

Oil is still bearish, logically speaking any price recovery, if there is any, will be more likely in the second half of the year.

Tamas Varga
energy

Chinese GDP data and the rise in the Saudi stockpile due to falling crude oil exports are weighing on prices.

Tamas Varga
energy

Investors holding short positions have already started to take profit ahead of the weekend after four days of decline.

Tamas Varga
most-read-articles

Bullish rhetoric from OPEC is helping drive prices higher, rig count data is also supporting sentiment.

Tamas Varga
energy

Geopolitical tension created by Russia's involvement in Syria makes cooperation with OPEC highly unlikely, but talk of such collaboration is supporting prices short-term.

Tamas Varga
business
The fall in rig counts (is) supporting an otherwise bearish marke... by Tamas Varga

The fall in rig counts (is) supporting an otherwise bearish market.

Tamas Varga
business

Today hopefully will (tell us) if the relatively stable performance of the last two days is a correction, or the market actually is about to bottom out. From the technical perspective it is probably the former.

Tamas Varga
energy
The U.S. crude oil stocks build reported by the API last night is... by Tamas Varga

The U.S. crude oil stocks build reported by the API last night is weighing on prices.

Tamas Varga
most-read-articles

Markets are worried that a Greek debt default could hit European economic growth and thus fuel demand.

Tamas Varga
company-news
It would be madness to try and talk bearish. by Tamas Varga

It would be madness to try and talk bearish.

Tamas Varga
business

The oil market is generally oversupplied with high Saudi exports and OPEC is unlikely to cut production, the dollar is also weighing on the market.

Tamas Varga
most-read-articles
The Libyan and Iraqi oilfield skirmishes are worrying, there are... by Tamas Varga

The Libyan and Iraqi oilfield skirmishes are worrying, there are serious supply issues there.

Tamas Varga
energy
We have some technical buying and pre-weekend short-covering. by Tamas Varga

We have some technical buying and pre-weekend short-covering.

Tamas Varga
most-read-articles

The market may just have moved down too far too quickly today, it was a bit overdone and people may be 'bottom-picking'.

Tamas Varga
most-read-articles