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Sevens Report Co-editor Tyler Richey Quoted in MarketWatch on June 30, 2020

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“The second quarter will not soon be forgotten by energy traders given that WTI crude oil futures plunged into negative territory for the first time in history, and decidedly so, in the month of April…” said Tyler Richey, co-editor at Sevens Report Research. That was “due to logistics issues in the physical supply chain, most notably a critical lack of available storage for freshly lifted crude barrels in the U.S.” On April 20, WTI oil futures fell 306% to settle at negative $37.63. Click here to read the full article.

Sevens Report Co-Editor Tyler Richey Quoted in MarketWatch on June 15, 2020

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“Looking ahead, we expect some consolidation in oil prices here as economic data has been largely better than feared, while the future remains very uncertain regarding the prospects of a ‘second wave’ that could cripple the energy supply…” said Tyler Richey, co-editor at Sevens Report Research.

Oil Pipe line

Sevens Report Co-Editor Tyler Richey Quoted in Seeking Alpha on May 19, 2020

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Futures prices traded in contango last month, when the May contract settled negative ahead of its expiration, but the move into backwardation “shows that there is both strong demand for physical crude…” says Tyler Richey, co-editor at Sevens Report Research. Click here to read the full article.

Oil rig

Sevens Report Co-editor Tyler Richey Quoted in MarketWatch on May 19, 2020

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Futures prices traded in contango last month, when the May contract settled at a negative price on April 20, a day ahead of its expiration. “There was limited refinery demand and clearly…” said Tyler Richey, co-editor at Sevens Report Research. Click here to read the full article.

Sevens Report Co-Editor Tyler Richey Quoted in MarketWatch on April 30, 2020

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Traders moved to “square their books into the end of the month,” said Tyler Richey, co-editor at Sevens Report Research.

Gold “bulls will want to see stable interest rates and renewed recovery in inflation expectations” in order for a rally in gold to continue…” and gave some traders an excuse to book profits into month end. Click here to read the full article.

Sevens Report Co-Editor Tyler Richey Quoted in Kitco on April 29, 2020

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According to Tyler Richie, co-editor at Sevens Report Research, “The report is weighing on optimism that the global economy would swiftly recover after being effectively closed for…” Click here to read the full article.

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Sevens Report Co-editor Tyler Richey Quoted in Hellenic Shipping News on April 27, 2020

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Despite the drop in active rigs, the EIA on Wednesday showed domestic oil production “perfectly unchanged” at 12.2 million barrels per day, “relative to the corresponding…” said Tyler Richey, co-editor at Sevens Report Research. Click here to read the full article.

Tyler Richey

Sevens Report Co-editor Tyler Richey Quoted in MarketWatch on April 28, 2020

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“The report is weighing on optimism that the global economy would swiftly recover after being effectively closed for weeks due to…” said Tyler Richey, co-editor at Sevens Report Research, adding that the news helped gold bounce off its earlier lows. Click here to read the full article.

Gold

Sevens Report Co-editor Tyler Richey Quoted in MarketWatch on April 23, 2020

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Despite the drop in active rigs, the EIA on Wednesday showed domestic oil production “perfectly unchanged” at 12.2 million barrels per day, “relative to the corresponding week in 2019…” said Tyler Richey, co-editor at Sevens Report Research. Click here to read the full article.

Oil Rig

Sevens Report Co-Editor Tyler Richey quoted in The Market Herald on April 16, 2020

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“Despite the efforts by global oil producers to curb production in order to balance the market over the last week, the world is still facing a massive demand issue,” Tyler Richey at Sevens Report Research told MarketWatch. “Until we see consumption of refined products…” Click here to read the full article.

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