Coiling up here it seems - where's the next move?
More above 0 WTI gets, the lower OVX will go probably.
Can it close above $2?
Finally filed for bankruptcy
Approaching do or die
Drop & pop. Back to the old range before the melt-up.
What took 7 months to do in 2008-2009, the VIX to fall below 30% from its peak, could take less than 7 weeks this time around. Remarkable.
Ironically oil & gas exploration and production stocks have rocketed higher in a period of oil commodity turmoil.
Could oil for the summer be finding a base?
Prompt-month RBOB futures have been very quiet relative to the antics in oil. 75 cents appears to be very important.
$2.00 remains resistance. Will it break higher as the forward curve shows contango?
Bull market in winter 2021 NG
Natural gas prices finished higher today after Monday’s huge intraday surge. The expiring May contract saw very light trading action, but peaked at $1.92 during the morning. Midday selling pressure as traders finalized positions brought the prompt month to near $1.80 by the afternoon settle. The much more heavily-traded June contract crossed the $2.00 level early...