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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September Newsletter 2018: Oil Market Review

If someone were to whack me in the head last month (not saying that anyone should) and send me into a time specific 1-month coma, I would pretty much wake up to a similar oil environment. Headline of the day is still Trump versus……everyone, Iran sanctions are still on, Venezuela is still crumbling. The only new thing is the hurricanes.

One of the best headlines I read this month was “Trump in a tug of war with Trump”. It initially sounded ridiculous but made more sense when I stared deeper into the abyss. The bulls are relying on Trump for a tough stance on Iranian sanctions and devoid 2 million bpd of supply while bears are relying on Trump to continue firing shots at China (and the rest of the world) and dampen oil demand.

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August Newsletter 2018: Oil Market Review

Happy Birthday Singapore! For the oil bulls it seems that was the only celebration this month. Trump continues his crusade against China, Iran, Russia, Turkey, Mueller, CNBC, New York Times, my neighbour’s poodle and the list goes on and on. As much as I want to resist it, my monthly newsletters just seem to be becoming a political commentary for Trump. Alas, we do not live in a perfect world and the oil market does not react to the more interesting topics such as how well Singapore is doing for the Asian Games.

Brent Crude Oil Prices: Oil reached 2 months high of $79.70 before retreating to low of 70.30, a level not seen since April.

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