Weekly Crude oil chart
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Started by tallpine - April 28, 2019, 9:21 p.m.

By MarkB - April 29, 2019, 1:15 a.m.
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Things are so volitile now with crude. Waiting to see how things work out in Venezuela. I'm sure others are too.

Nonetheless, I agree. According to the charts, crude is overbought. Might cause a sudden turn down, if it crosses the trendline.

By metmike - April 30, 2019, 12:25 p.m.
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Tuesday morning news:

Oil prices rise on Venezuela turmoil, Saudi support for OPEC cuts


Key Points

  • Saudi Arabia says a deal between producers to withhold output could be extended beyond June to cover all of 2019.
  • Venezuela’s opposition leader called on the military to back him to end Nicolas Maduro’s rule.
  • BNP Paribas says it expected oil prices  “to rise in the near-term” as crude producers were “over-tightening the market.”

News from Monday:

Key Points


  • Oil prices steady after a sharp pullback on Friday triggered by comments from President Donald Trump. 
  • Trump on Friday said he called OPEC and told the producer group to pump more oil to offset U.S. sanctions on Iran.
  • Oil markets are already tight as OPEC and allies cut supplies and U.S. sanctions curb Iranian and Venezuelan exports.
By metmike - April 30, 2019, 12:30 p.m.
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US Crude oil inventories:



Release DateTimeActualForecastPrevious
May 01, 2019 10:30 2.093M5.479M
Apr 24, 2019 10:305.479M1.255M-1.396M
Apr 17, 2019 10:30-1.396M-1.200M7.029M
Apr 10, 2019 10:307.029M2.294M7.238M
Apr 03, 2019 10:307.238M-0.425M2.800M
Mar 27, 2019 10:302.800M-1.100M-9.589M
By metmike - April 30, 2019, 12:30 p.m.
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Weekly US ending stocks of crude oil. 




Weekly ending stocks for unleaded gasoline. 





Weekly US ending stocks for distillate fuel oil(heating oil-especially used in the Northeast). 


By metmike - April 30, 2019, 12:31 p.m.
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All the energies have historically been very strong at this time of year!


Crude Oil

Rohöl saisonal

By metmike - April 30, 2019, 12:31 p.m.
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