WTI West Texas Intermediate Crude Oil Loading... : Bullish and Bearish Analyst Opinions
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12:18
Jul 19
Jul 19
The tweet reports that escalating US-Iran hostilities have doubled the odds of a US invasion and increased the risk of an oil price spike pushing recession odds higher.
11:30
Jul 19
Jul 19
Global oil markets have avoided an extreme squeeze so far but renewed fighting in Iran increases the risk of a price spike as supply buffers are worn thin.
10:46
Jul 19
Jul 19
Iran's Islamic Revolutionary Guard Corps reports that four violating ships have been halted in the Strait of Hormuz according to Fars news agency
10:03
Jul 19
Jul 19
Iranian Revolutionary Guard states that no oil, gas, or chemical fertilizer will pass through the Strait of Hormuz without their authorization.
10:03
Jul 19
Jul 19
Iranian Revolutionary Guard claims complete control over the Strait of Hormuz, threatening a key global oil shipping chokepoint.
09:48
Jul 19
Jul 19
Iran's Revolutionary Guards report that two vessels had an accident on the southern route of the Strait of Hormuz and two others halted transit, raising supply disruption concerns.
09:41
Jul 19
Jul 19
Iranian Revolutionary Guard reports an incident involving two ships in the Strait of Hormuz with warnings issued to two others.
09:38
Jul 19
Jul 19
Iran's Revolutionary Guards report two vessels had an accident on the southern route of the Strait of Hormuz and two others halted transit.
08:36
Jul 19
Jul 19
Oil set to rally as speculators rebuild.
Large speculators have been washed out of crude oil longs, positioning is back to pre-Strait of Hormuz crisis levels, and the SPR emptying represents a future re-stocking demand. Crack spreads are blowing out, and the market underestimates the upside risk. A move back to $90–100/barrel is a base case, and the tail risk is even higher given the lack of a long cushion.
HIGH
08:21
Jul 19
Jul 19
Oil loading at the Caspian Pipeline Consortium's terminal on Russia's Black Sea coast has halted after a drone strike.
08:15
Jul 19
Jul 19
Oil loading at the Caspian Pipeline Consortium's terminal on Russia's Black Sea coast has halted after a drone strike.
02:46
Jul 19
Jul 19
The U.S. Strategic Petroleum Reserve has fallen to its lowest level since 1983, potentially amplifying oil price spikes amid geopolitical tensions.
02:33
Jul 19
Jul 19
U.S. oil exports decline after reaching a record high, indicating a slowdown in overseas shipments.
02:22
Jul 19
Jul 19
Oil market vulnerable after buffer depletion
The global oil system absorbed the largest supply disruption in history via redundant infrastructure, strategic reserves, and China curbing demand, but those buffers have been whittled down. The oil market is now more vulnerable, and complacency about its resilience risks a sharp price spike if another prolonged disruption occurs.
MED
02:06
Jul 19
Jul 19
Russia warns that escalating Middle East tensions could trigger the largest energy crisis in history, threatening global oil supplies.
22:05
Jul 18
Jul 18
Oil traders warn that the market is running on fumes after burning through all available buffers according to a report.
19:47
Jul 18
Jul 18
EU and Gulf states urge Iran to keep the Strait of Hormuz open permanently without conditions or fees, as reported by Saudi state TV.
17:23
Jul 18
Jul 18
Oil market far more vulnerable now.
While the global oil system proved more resilient than expected during the initial Strait of Hormuz disruption, the buffers that helped absorb the shock (redundant infrastructure, strategic reserves, and Chinese demand management) have been significantly eroded. As a result, the market is now much more vulnerable, and a similarly prolonged disruption would likely cause a more severe oil price spike than the one seen earlier this year.
HIGH
17:15
Jul 18
Jul 18
Weekend markets update shows slight declines in major global indices while gold and silver are flat and US oil rises over one percent.
15:52
Jul 18
Jul 18
US strikes hit Iran's Sirik on the Persian Gulf coast, raising concerns about potential oil supply disruptions in the region.
15:15
Jul 18
Jul 18
Iran's southern province of Hormozgan was hit by three U.S. airstrikes on Saturday according to Mehr News, raising geopolitical tensions in a key oil-producing region.
15:07
Jul 18
Jul 18
War and low SPR push oil up.
The renewed US-Iran conflict, with a potential ground invasion, is pushing spot oil prices higher. The US Strategic Petroleum Reserve is near critically low levels, with refinery problems in Eastern Europe, creating risks of shortages in refined products like diesel, jet fuel, and gasoline, adding upward pressure on oil.
MED
14:36
Jul 18
Jul 18
Buy USO as retail diesel and gasoline prices are expected to rise further based on international energy context, implying upward pressure on crude and refined products.
MED
13:38
Jul 18
Jul 18
Oil buffers diminished, upside price risk.
The oil market proved resilient to a historically large supply disruption thanks to three buffers: redundant export infrastructure, coordinated strategic reserve releases, and a significant drop in Chinese globally-traded oil demand. However, those buffers have been whittled down since February, leaving the market in a more vulnerable position today. A similarly-sized prolonged disruption now would likely cause a larger price spike, implying upside risk for crude oil.
MED
12:45
Jul 18
Jul 18
Kuwait's oil and desalination plants come under attack from an Iranian barrage, escalating regional tensions and threatening energy infrastructure.
11:12
Jul 18
Jul 18
Kuwait Petroleum reports that an Iranian attack on a vital oil facility caused heavy damages, according to state news agency KUNA.
10:45
Jul 18
Jul 18
Kuwait airport suspended flights after Iran launched a heavy attack in retaliation for US strikes, pushing oil prices sharply higher amid re-escalation concerns.
10:09
Jul 18
Jul 18
Kuwait Petroleum Corporation reports injuries and material losses in the oil sector due to repeated Iranian aggression on vital sites.
09:39
Jul 18
Jul 18
Kuwaiti Fire Department reports dealing with a fire at an oil site following Iranian attacks.
08:05
Jul 18
Jul 18
Major global equity indices and commodities posted slight declines in weekend market updates, with USOIL showing a modest gain.
About WTI Analyst Coverage
Buzzberg tracks WTI (West Texas Intermediate Crude Oil) across 162 sources. 1271 bullish vs 308 bearish calls from 848 analysts. Sentiment: predominantly bullish (14%). 6918 total trade ideas tracked. Past 7 days: 44 bullish, 7 bearish, 416 watch. Latest voices: zerohedge, Bloomberg, FirstSquawk.