OPEC’s Catch-22

OPEC’s Catch-22 Explained, ISM Manufacturing PMI Analysis, futures are modestly lower as the Trump-Xi “trade truce” continues to be digested this morning while the yield curve flattened further overnight, underscoring growth concerns, the major underlying story this morning is the yield curve as the 2’s-10s spread compressed to new lows overnight (13bp) and the 2’s-5’s actually inverted. and more.

OPEC

OPEC (and NOPEC) Meeting Takeaways, May 26, 2017

Help your clients outperform markets with The Sevens Report. Get a free two-week trial—start today. Oil trade over the last week was a classic case of “buy the rumor, sell the news,” as the speculative rally that carried WTI up to the $52 mark came completely unwound yesterday after OPEC announced that they would extend[…]

Oil Rig - Oil Report was Bearish

Oil Outlook: Getting More Bearish, March 15, 2017

Why the Monthly OPEC Report Was Bearish Oil An excerpt from today’s Sevens Report—get a free 2-week trial of the report with no commitments. Oil remains the big story, as its early morning sell-off to multi-month lows prompted a pullback in stock futures, and ultimately the major US equity indices opened lower. WTI futures finished[…]