Tag: WTI

WTI is trading in the low-to-mid $90s this week and is more likely to test $93–$98 than to sustain a move above $100 unless there is a sharp new disruption.

Clark Savage144

Physical tightness, high product cracks, and China’s selective rebound in buying are supporting prices, but inventories, China’s still-subdued import volumes, and the existing backwardation already price in a good deal of risk. What the OilPrice article and related reporting show The Sept. 7 OilPrice piece (and the overlapping Bloomberg coverage it draws on) reports that […]

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Jeff Currie Dropping the Truth on CNBC

Clark Savage465

Jeff Currie, founder and CEO of Real Macro and a veteran commodities strategist formerly of Goldman Sachs and Carlyle, appeared on CNBC’s Squawk Box on August 26, 2026, and cut through the usual noise. The segment title said it plainly: “The Strait of Hormuz is just one of many choke points being squeezed right now.” […]

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Are we about to see paper catch up to physical delivery on oil?

Clark Savage603

The oil market is sending mixed signals that traders and energy watchers cannot ignore. Futures prices—the “paper” side of the trade—have been surprisingly restrained even as physical barrels face ongoing constraints from the prolonged disruption in the Strait of Hormuz. Diesel cracks are screaming tightness downstream, China has stepped back as the world’s swing buyer, […]

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EIA Sees Massive Build in US Crude Inventories

Clark Savage670

The U.S. Energy Information Administration (EIA) reported a surprise and historically large build in commercial crude oil inventories for the week ending August 7, 2026. Commercial stocks (excluding the Strategic Petroleum Reserve) rose by 17.4 million barrels to 424.4 million barrels—the largest weekly increase since January 2023 and well above analyst expectations of a draw […]

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Oil Supply Crunch Worsens Despite War’s Demand Hit, Says IEA

Clark Savage1052

The International Energy Agency’s latest Oil Market Report underscores a deepening imbalance in global oil markets. Despite a sharper-than-expected contraction in demand driven by elevated prices from the ongoing Iran conflict and related disruptions, supply shortfalls have widened even more, producing the tightest near-term balances in years. At the time this article is written, Brent […]

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