‘The Risk Has Risen’: When Will Oil Prices Matter For Junk?
“In our view, the bar remains high for oil prices to become the main directional driver of HY spreads but the risk has risen.”
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Oil Suddenly Dives As Oil Tanker Tracking Company Throws Cold Water On Bulls
“I’m surprised that people didn’t already expect higher OPEC output.”
‘Woohoo!’ Brent Tops $50 For First Time Since June 7 As Oil Bulls Get Reprieve
And so, having been given a (probably temporary reprieve) and a new lease on life, the bulls have managed to drive Brent above $50 for the first time since June 7 on Thursday.
Risk-On Still Intact As Entire World Ignores China Stock Plunge: Full Visual Recap
All told, the mood remains “risk-on.”
You’re Just Going To Let U.S. Oil Producers Drink Themselves To Death Aren’t You?
“We believe this may not send a requisite message to rein in drilling activity for all producers. On the flip side, it sends a theoretical message for producers to issue more debt.”
‘Every Month It’s Something New’: More Bad News For Oil As IEA Report Flags Supply Woes
“Each month something seems to come along to raise doubts about the pace of the rebalancing process.”
Oil Careens Lower In Hilarious Post-Data Nosedive
Algos, crisis of confidence, incessant data parsing for something negative, or folks “questioning their religion”?
‘Questioning Your Religion’: Crude Surges On API Data, Underscoring Manic Market
“If output doesn’t rise as much as previously anticipated, then it’s time for the bears to start questioning their religion again.”
‘Mark It Zero!’: Goldman Says Oil Could Head ‘Below $40’
“Given the recent rebound in net speculative length from its 18-month lows, we believe, however, that a failure for these shifts to materialize soon could push prices below $40/bbl as the market tests OPEC’s and shale’s reaction functions.”
Oil Dives (Again) As Hedge Funds Most Bullish In 3 Weeks
On Sunday evening we wondered if news that Libya and Nigeria may soon be asked to cap output would serve as a catalyst for crude prices to start the week. Boom.. here's your catalyst for oil on Monday: KUWAIT: OPEC, NON-OPEC TO DISCUSS OUTPUT CAPS ON LIBYA, NIGERIA — Walter White (@heisenbergrpt) July 9, 2017…
OPEC May Ask Libya, Nigeria To Cap Output In Effort To Rescue Market
KUWAIT: OPEC, NON-OPEC INVITED LIBYA, NIGERIA TO MEET IN RUSSIA
KUWAIT: OPEC, NON-OPEC TO DISCUSS OUTPUT CAPS ON LIBYA, NIGERIA
KUWAIT: LIBYA, NIGERIA MAY BE ASKED TO CAP OUTPUT SOON
‘A Few Weeks Ago, We Were Whistling Past The Graveyard’: 2 Charts To Watch In Junk
Now “the high-yield bond market is waking up,” he went on to caution.
Anadarko’s Al Walker Says US Shale Is An Alcoholic And Investors Are ‘A Problem’
“It’s kind of like going to AA. You know, we need a partner. We really need the investment community to show discipline.”
‘The Clock May Stop Ticking’: Oil Price Rout Bites As HY Energy Issuance Plunges
Tick, tock.
Tick, tock…
Oil’s Woes Continue As Prices Abruptly Sink (Again)
In what is becoming a daily occurrence, crude took another dive earlier this morning as volume surged. This has been going on all week and has been variously attributed to technical selling around key levels and all sorts of other shit like that, but the bottom line is: there is a crisis of confidence in…
