- Analytics
- News and Tools
- Market News
- Oil supply risks push prices higher – TDS
Oil supply risks push prices higher – TDS
Supply risks are back in focus for Crude oil with tensions building in the Middle East between Israel and Lebanon, while further ship attacks in the Red Sea reignite concerns, commodity strategists at TD Securities note.
Crude oil is back on the bid
“This comes at a time when algorithmic inflows had already been supporting the market after the OPEC+ driven selloff, and the firm price action has seen Commodity Trading Advisors (CTAs) back on the bid in WTI crude.”
“A renewed surge in our energy supply risk indicator can further support price action in the near term, however, the bar is growing higher for algorithmic flows to continue.”
“We still argue that the rally could start to fade as CTA buying flows taper off. Indeed, prices below $81.92/bbl would halt the WTI buying, and prices just below $81/bbl would see funds begin to liquidate the length.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
