Tom Kool

Latest articles from Tom

• Strong Inventory Draws Suggest OPEC Deal Is Working

  Published 22 August 2017 | viewed 15,404 times

  Oil prices are stagnant, however a strong inventory draw suggests that the OPEC cut may be having an impact on oil markets.  (Click to enlarge)…

• Oil Prices Boosted By String Of Bullish News

  Published 18 August 2017 | viewed 36,792 times

  Friday, August 18, 2017 Oil prices rose on Friday afternoon amid a flurry of bullish news. A sign that traders are regaining confidence in the…

• The Oil Price Tug Of War

  Published 15 August 2017 | viewed 9,262 times

  Oil prices remain in a game of tug of war as conflicting news sends both the bears and the bulls to the sidelines. (Click to enlarge)…

• Have Oil Markets Reached A Tipping Point?

  Published 11 August 2017 | viewed 19,981 times

  Despite bullish conditions led by a huge drawdown in U.S. crude, oil prices were down at the end of the week following less than positive…

• Oil Stuck At $50 As OPEC Output Jumps

  Published 08 August 2017 | viewed 12,218 times

  Compliance with the OPEC oil output deal continues to decline as the cartel's production increases for the month of July.  (Click to enlarge) (Click to…

• Oil Price Rally Ends As Banks Slash Forecast

  Published 04 August 2017 | viewed 16,278 times

  After a month-long rally oil prices appear to have stagnated this week, although a falling rig count gave prices a slight boost on Friday.  Friday,…

• Bulls Crushed As Oil Crashes Again

  Published 01 August 2017 | viewed 16,984 times

  Oil markets received a heavy blow on Tuesday morning as oil crashed by 3 percent due to a surge in OPEC's July output. (Click to…

• Is This Oil Price Rally Sustainable?

  Published 28 July 2017 | viewed 17,069 times

  Oil prices have recovered as a result of a flurry of bullish catalysts, and while most oil majors see earnings improve, upstream investments are falling.…

• Saudi Arabia Regains Influence Over Oil Markets

  Published 25 July 2017 | viewed 13,486 times

  Oil prices have spiked at the start of this week, with Brent breaking through the $50 mark in response to Saudi Arabia's promises to cut…

• Oil Prices Slip On Falling OPEC Compliance

  Published 21 July 2017 | viewed 8,857 times

  Oil prices fell on Friday after preliminary reports showed that OPEC’s July output has increased once again while deeper cuts remain unlikely  (Click to enlarge)…

• Oil Up As Saudis Consider Deeper Output Cuts

  Published 18 July 2017 | viewed 10,388 times

  (Click to enlarge) (Click to enlarge)  Chart of the Week:(Click to enlarge) •    The EIA forecasts that retail gasoline prices will average $2.38 per…

• Oil Posts Solid Gains This Week

  Published 14 July 2017 | viewed 9,676 times

  Oil prices posted some solid gains this week, but with the market outlook remaining gloomy, a continuation of this upward trend looks unlikely to last…

• Oil Rises Despite Gloomy Outlook

  Published 11 July 2017 | viewed 12,245 times

  As Goldman Sachs warned of another oil price collapse if bullish catalysts remained absent, oil prices struggled early this week, recovering slightly due to U.S.…

• Oil Price Rally Unwinds As Markets Doubt OPEC’s Intentions

  Published 07 July 2017 | viewed 13,600 times

  This week’s oil price rally started to unwind on Friday as a result of rising OPEC exports, increasing U.S. shale output and a rising rig…

• Markets Overcome The Crash: Oil Rally Continues

  Published 04 July 2017 | viewed 23,683 times

  Fueled by a bout of short covering, oil prices continue to climb towards $50 as some analysts now see more upside than downside. Chart of…

• Oil Price Gains Could Be Here To Stay

  Published 30 June 2017 | viewed 35,176 times

  Oil prices are rallying as speculators close out short bets, but as Libya continues to bring production back online, it is unclear how solid these…

• Oil Rebounds Despite Sour Sentiment

  Published 27 June 2017 | viewed 10,260 times

  Markets remain on edge despite a recent upturn in oil prices. The risk that oil may fall into the mid-$30s is looming and could spell…

• All Eyes On OPEC As Oil Prices Sink

  Published 23 June 2017 | viewed 24,642 times

  Oil prices have been falling throughout the week, hitting a 10-month low on Wednesday, but Friday trading has seen a slight recovery. (Click to enlarge)…

• Is $40 Oil On The Horizon?

  Published 20 June 2017 | viewed 17,264 times

  Despite a busy week in oil news, prices are hovering around the mid-$40s mark as inventories remain high and production from OPEC members Libya and…

• Can Oil Come Back From Its Longest Losing Streak In Years?

  Published 16 June 2017 | viewed 33,695 times

  Oil prices recovered somewhat in Friday’s trading session as markets reacted stoically on another rise in the U.S. rig count. (Click to enlarge) (Click to…