i-switch-oil-market-review-2018-september-newsletter

January Newsletter 2019: Oil Market Review

Brent-crude-oil-Jan-2019Crude price dips below $50 at end December 2018, hitting a 16-months low on supply concerns, before rebounding back above $60.00

Happy New Year! Is it just me or does January feel like an excruciatingly slow month? Hours just chipping away as I await the arrival of Chinese New Year and the inevitable demise of my new year’s resolution. I aimed for 10% body weight loss by June and to reward myself for penning this down (more like a mental note), I’ve rewarded myself with a month of buffets and drinks.

Speaking of gains, Brent has finally rebounded back above $60.00 after months of tormenting the oil bulls. I guess $50.00 oil is just too good a value to pass up for the traders out there as everyone just starts asking themselves: “How much lower can it go?”

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i-switch-oil-market-review-2018-september-newsletter

November Newsletter 2018: Oil Market Review

USEP-Price-Nov

After the historic volatility experienced last month, November USEP turned out to be relatively tame averaging at $114.

What a month it has been for USEP in October! Never before seen price volatility in the market brought last month to close at $154.02 average after multiple power generator trips during the first week of October and high prices persisting into the month. Much like the calm after the storm, November is projected to end off mildly in the mid $113s.

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i-switch-oil-market-review-2018-september-newsletter

October Newsletter 2018: Oil Market Review

brent-crude-oil-october-2018

Brent briefly touched $86.74, a level not seen since October 2014, before retreating to August levels.

Winter is coming. No, not a reference to Game of Thrones. No, it’s also not just a literal reference as we march on into November. It’s a metaphorical winter for all the oil bulls out there. Barely a month ago, the market was teeming with oil optimism, with traders banking on ever rising oil prices. Even $100 oil wasn’t out of the question as volume for $100 Brent call options went through the roof. Then the roof collapsed and took the floor along with it. Over the span of 3 weeks, Brent crude drop about $10.00.

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