all eyes on eia report tonight:

The American Petroleum Institute (API) reported a crude build of 1.4 million barrels for the week ended Sept. 9, smaller than the 3.8 million-barrel rise expected by analysts. The U.S. government will issue official inventory data on Wednesday.

jitters, jitters...

asian/european traders, as usual, pushed wti from 44.90 to 45.30 in the day.

now dumping... back to 44.85.

10.30pm... if eia reports >3mil buildup, i'll have fun.

if <1mil, i should go to bed immediately.

CRUDE OIL INVENTORIES FELL 559,000 BARRELS, EIA SAYS

Looking to test 45 on the upside.

This post has been edited by zacknistelrooy: Sep 14 2016, 10:32 PM

i think it will retest 44!

Haha, you are right.

Super head fake going on right now.

well, sold DWTI mix... avg 88, good enough.


see if any chance to dive back in at 83-84 later.

Energy going to the lows, XLE 67.85.

NFX, FANG, EOG, NBL, COP, RRC lows

freefall...

let it fall until near 40.

then we can long.

Yes, then they will come up with another headline and we will be back to 45.

i think it will take a breather first - 43.50 has good support.



now that it has fallen quite a lot from 48 to 43.50, it gets hypersensitive.

gotta be very mindful of even little news like some bomb or some fire or storm.

or just a few words from saudiman - any of that can get the bulls back in action again.

wti looking very weak.

looks like going to 43 tonight.

me looking for 42++ to buy few Uwti. maybe much later tonight?

it's trying to crawl back to 44!

well, broader market u, dow +100 too.

then again, we'll see after 2am.

short covering got wti back >44 last night.

now... 43.40.

chance it will go <43 tonight.

Good chance if equity markets remain week but shorts may cover even more going into the weekend.

informative read on USO, UWTI/DWTI.

https://www.bloomberg.com/view/articles/201...oes-a-great-job

Oil markets not open yet and they have started.

http://www.bloomberg.com/news/articles/201...-oil-in-algiers

here we go. opec talking, pushing up oil price, bulls frenzy!

whether it will lead to anything, we wait sep 27.

meanwhile, fed meeting this week.

can expect some volatility.



Oil prices rose in Asian trade on Monday after Venezuela said that OPEC and non-OPEC countries were close to reaching an output stabilizing deal and as clashes in Libya raised concerns that efforts to restart crude exports could be disrupted.

Venezuelan President Nicolas Maduro said on Sunday that a deal between OPEC and non-OPEC countries could be announced this month.

Buy! Buy! Buy!

They need to push this back up!

Yes, this week is going to be interesting.

BOJ, Wednesday morning.

FED, Wednesday night.