Crude Oil

[bone]

Crude firmer as a consequence of Saudi/UAE commercial vessel sabotage attacks - and in the face of another massive equities sell-off. Impressive. And bullish.

 

[Stockolio]

Crude firmer as a consequence of Saudi/UAE commercial vessel sabotage attacks - and in the face of another massive equities sell-off. Impressive. And bullish.

Talk about the short squeeze...

 

[bone]

Ultimately could not hold a bid...

Even with Gold up the equity market turmoil proved too much.

 

[VolSkewTrader]

How big is the rally when the market starts to ignore and shake off this trade war noise? Are we one higher than expected draw and one optimistic Trump trade talk tweet from seeing $66/barrel again?

 

[themickey]

Oil prices rose sharply Tuesday morning on reports of a drone attack at oil pumping stations in Saudi Arabia.

The incident is an “act of terrorism,” Saudi Energy Minister Khalid al-Falih said according to the state new agency SPA, describing attacks on two oil pumping stations for the country’s East-West pipeline carried out with bomb-laden drones.

U.S. West Texas Intermediate (WTI) crude futures were at $61.54 per barrel at midday London time, up 0.8% for the session. Brent crude futures were at $71.07 a barrel, up 1.2%.

The fire has since been contained, according to the Saudi Press Agency (SPA). Al Falih asserted that oil production was not interrupted.

“This act of terrorism and sabotage in addition to recent acts in the Arabian Gulf do not only target the Kingdom but also the security of world oil supplies and the global economy,” the SPA described Al Falih as saying.

 

[themickey]

Personally think oil spiking because of above report to be a load of bollocks.
May as well have said, "oil spiked because, ahhhhh - let me think of an excuse....."

 

[themickey]

The media really really want mugs to believe news moves the markets.
If they didn't have that con job going, prolly they would go broke.

 

[themickey]

Ultimately could not hold a bid...
Even with Gold up the equity market turmoil proved too much.

A small abberation, now back on the road again toward where we left off.
Gotta shake the market every now and again to reset things.

 

[rollexus]

Hello everyone, what is the best way to trade Shanghai Futures Exchange (SHFE) commodities? I am using IB however, do not see exchange listed since China announced opening the market. Or did they?

 

[bone]

Hello everyone, what is the best way to trade Shanghai Futures Exchange (SHFE) commodities? I am using IB however, do not see exchange listed since China announced opening the market. Or did they?

Work backwards - go to the SHFE website and see if they have Member FCM’s listed that you can use. Try to avoid a broker with a clearing “give-up” agreement.