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Oil Context Weekly

Oil Context Weekly (W8)
Crude prices rallied on the mounting prospect of US military engagement with Iran, but the near-dated timespreads are showing weakness, likely as Iran…
 • Rory Johnston
Oil Context Weekly (W7)
Crude prices rise on Hormuz advisory before falling back on the prospect of longer US-Iran talks, with headlines dotted with a flurry of US sanctions…
 • Rory Johnston
Oil Context Weekly (W6)
Crude prices fell back sharply from last week’s Iran-related rally before recovering roughly half those losses; meanwhile, pressure continues to mount…
 • Rory Johnston
Oil Context Weekly (W5)
Crude prices rocket to their highest level since last July on the combination of still-heightened Iran risk and the background energy of frothy…
 • Rory Johnston
Oil Context Weekly (W4)
Crude prices rallied on a cornucopia of both realized and feared hits to global supplies: from further losses of already-wounded Kazakh supply to an…
 • Rory Johnston
Oil Context Weekly (W3)
Crude prices rise and fall on Iran risk amidst heavy speculative flows and options skew, while throttled activity at the CPC marine terminal is keeping…
 • Rory Johnston
Oil Context Weekly (W2)
Crude prices rally on Iranian protest tail risk amidst information blackout despite a flurry of headlines related to Trump’s plans for Venezuela.
 • Rory Johnston
Oil Context Weekly (W1)
Crude ended the week roughly flat despite reports of material supply losses across Venezuela and Kazakhstan as the Dubai crude benchmark slips into…
 • Rory Johnston
Oil Context Weekly (W52)
Crude prices rise through Christmas only to completely reverse course in a Boxing Day selloff; oil markets closing out 2025 at extremely oversold levels…
 • Rory Johnston
Oil Context Weekly (W51)
Crude price fell to lowest level since 2021 amidst intense speculative selling pressure—and likely record net-short spec position—before Trump’s…
 • Rory Johnston
Oil Context Weekly (W50)
Crude prices fell despite Trump’s seizure of a Venezuelan tanker and more Ukrainian attacks on Russian oil in a show of either the market’s apathy or…
 • Rory Johnston
Oil Context Weekly (W49)
Crude rises on CPC terminal attacks and discussion of ever-harsher restrictions on the provision of maritime services to the Russian fleet, while OPEC…
 • Rory Johnston
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