Theoretical Positions: 2024 needs might’ve been covered based on the change in long-term trend at the end of June 2023 (see Monthly Analysis). The spot-month contract was priced near $2.41. [...]

Theoretical Positions: Traders are likely on the sidelines given the market’s contra-seasonal downtrend and continued backwardation of its forward curve (see below). Seasonal Analysis: WTI Crude Oil remains in a [...]

Theoretical Positions: 2024 needs might’ve been covered based on the change in long-term trend at the end of June 2023 (see Monthly Analysis). The spot-month contract was priced near $2.41. [...]

Theoretical Positions: Traders are likely on the sidelines given the market’s contra-seasonal downtrend and continued backwardation of its forward curve (see below). Seasonal Analysis: WTI Crude Oil remains in a [...]

Theoretical Positions: 2024 needs might’ve been covered based on the change in long-term trend at the end of June 2023 (see Monthly Analysis). The spot-month contract was priced near $2.41. [...]

Theoretical Positions: Traders are likely on the sidelines given the market's contra-seasonal downtrend and continued backwardation of its forward curve (see below). Seasonal Analysis: WTI Crude Oil remains in a [...]

Theoretical Positions: 2024 needs might’ve been covered based on the change in long-term trend at the end of June 2023 (see Monthly Analysis). The spot-month contract was priced near $2.41. [...]

Theoretical Positions: Recently established long futures positions have likely been stopped out putting traders on the sidelines for now. Seasonal Analysis: WTI Crude Oil remains in a solid contra-seasonal downtrend. [...]

Theoretical Positions: 2024 needs might’ve been covered based on the change in long-term trend at the end of June 2023 (see Monthly Analysis). The spot-month contract was priced near $2.41. [...]

Theoretical Positions: Recently established long futures positions have likely been stopped out putting traders on the sidelines for now. Seasonal Analysis: The WTI crude oil market tends to trend up [...]

Theoretical Positions: 2024 needs might’ve been covered based on the change in long-term trend at the end of June 2023 (see Monthly Analysis). The spot-month contract was priced near $2.41. [...]

Theoretical Positions: Traders could’ve bought back previous short future positions and establish long futures positions near the weekly close of $68.65 (week of September 9). New longs would’ve been added [...]

Theoretical Positions: 2024 needs might’ve been covered based on the change in long-term trend at the end of June 2023 (see Monthly Analysis). The spot-month contract was priced near $2.41. [...]

Theoretical Positions: Traders could’ve bought back previous short future positions and establish long futures positions near the weekly close of $68.65 (week of September 9). New longs would’ve been added [...]

Theoretical Positions: 2024 needs might’ve been covered based on the change in long-term trend at the end of June 2023 (see Monthly Analysis). The spot-month contract was priced near $2.41. [...]

Theoretical Positions: Traders could’ve bought back previous short future positions and establish long futures positions near the weekly close of $68.65 (week of September 9). New longs would’ve been added [...]

Theoretical Positions: 2024 needs might’ve been covered based on the change in long-term trend at the end of June 2023 (see Monthly Analysis). The spot-month contract was priced near $2.41. [...]

Theoretical Positions: Traders could’ve bought back previous short future positions and establish long futures positions near the weekly close of $68.65 (week of September 9). New longs would’ve been added [...]

Theoretical Positions: 2024 needs might’ve been covered based on the change in long-term trend at the end of June 2023 (see Monthly Analysis). The spot-month contract was priced near $2.41. [...]

Theoretical Positions: Traders could’ve bought back previous short future positions and establish long futures positions near the weekly close of $68.65 (week of September 9). New longs would’ve been added [...]

Theoretical Positions: 2024 needs might’ve been covered based on the change in long-term trend at the end of June 2023 (see Monthly Analysis). The spot-month contract was priced near $2.41. [...]

Theoretical Positions: Traders could’ve bought back previous short future positions and establish long futures positions near the weekly close of $68.65 (week of September 9). New longs would’ve been added [...]

Theoretical Positions: 2024 needs might’ve been covered based on the change in long-term trend at the end of June 2023 (see Monthly Analysis). The spot-month contract was priced near $2.41. [...]

Theoretical Positions: Traders could’ve bought back previous short future positions and establish long futures positions near the weekly close of $68.65 (week of September 9). New longs would’ve been added [...]

Theoretical Positions: 2024 needs might’ve been covered based on the change in long-term trend at the end of June 2023 (see Monthly Analysis). The spot-month contract was priced near $2.41. [...]