Energies / Bio-Diesel Prices Break

[Sodbuster]

I don’t think you’re wrong yet Landdownunder you just need a little bit time. With Putin and company threatening Europe there will be a oil premium until Russia’s threats are put to rest. I’m still heavily invested in oil and gas stocks, my hedge against petroleum products. Not planning on trimming my oil stocks until this conflict is over.

[errolanderson]

OPEC-led Saudi Arabia can’t be pleased with their lack-of-ability to manipulate global oil prices with production cuts. Let the cartel infighting begin . . . .

[TASFarms]

Won’t oil be on the higher side until the US get their oil reserves replenished?

[errolanderson]

Won’t oil be on the higher side until the US get their oil reserves replenished?

U.S. inventories appear recovering on falling oil demand as recession deepens. If $75 WTI oil breaks, next stop could be mid $60 per barrel range (IMO). And if OPEC starts infighting on production quotes, oil prices could go a whole lot lower yet. Resistance @ $85 per barrel on bounce?

U.S. bank analyst estimates, pretty much garbage (in my view) . . . .

[wheatking16]

U.S. inventories appear recovering on falling oil demand as recession deepens. If $75 WTI oil breaks, next stop could be mid $60 per barrel range (IMO). And if OPEC starts infighting on production quotes, oil prices could go a whole lot lower yet. Resistance @ $85 per barrel on bounce?

U.S. bank analyst estimates, pretty much garbage (in my view) . . . .

My target has been 72-74 since the end of September.

Will reassess if that level is reached.

[errolanderson]

China’s COVID mess is not good for commodities.

[furrowtickler]

China’s COVID mess is not good for commodities.

Protests are erupting all over China , they have had enough

[AlbertaFarmer5]

China’s COVID mess is not good for commodities.

Short-term. But what if they succeed? What does that do for demand long-term? There are a lot of rumors floating around that part of the reason for the lockdowns in China is that the cupboards are bare, so this is a way to stifle demand. What if that turns out to be true and gets revealed throughout this process?

[errolanderson]

China / Hong Kong stock markets plunging. Japan / Korea markets under heavy selling. WTI oil breaks $75 per barrel . . . China protests.

[errolanderson]

Crude oil appears rolling over. Gasoline and diesel under pressure. Europe in recession, demand dropping.

Energy bulls holding on by-a-thread . . . .

[rumrocks]

Why the rebound in lumber futures, new builds and renovations stalled you would think.

[TASFarms]

OPEC is 1 million barrels a day lower on production then they are allowed. That’s got to be keeping oil prices up

[wheatking16]

Why the rebound in lumber futures, new builds and renovations stalled you would think.

A confluence of technical indicators brought in buyers.

[TASFarms]

Why the rebound in lumber futures, new builds and renovations stalled you would think.

A lot mills shelved production. A lot of production

[AlbertaFarmer5]

Why the rebound in lumber futures, new builds and renovations stalled you would think.

They say that the lumber market is typically one year forward looking. The market is expecting housing starts and the economy to be on the way up within a year.
Apparently has a good track record.