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Oil Context Weekly

Oil Context Weekly (W16)
Crude prices eased sharply on deflated geopolitical concerns as Israel and Iran exchanged anxiety-inducing direct but ultimately low-damage strikes.
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Rory Johnston
Oil Context Weekly (W14)
Fundamentally supported but speculatively driven rally pushes Brent crude prices into the $90s for the first time since last October on heightened…
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Rory Johnston
Oil Context Weekly (W13)
Crude prices hit a fresh year-to-date high as Russia’s production cuts start to seem more real and market outlooks continue to tighten.
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Rory Johnston
Oil Context Weekly (W12)
Crude prices end the week flat, pulling back from recent highs as market participants question the staying power of last week’s rally accentuated by the…
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Rory Johnston
Oil Context Weekly (W11)
Crude prices rocketed to fresh year-to-date highs on the double whammy of massive Ukrainian drone attacks on Russian refineries and the IEA’s abrupt…
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Rory Johnston
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Oil Context Weekly (W10)
Crude prices fall ~$1.50 but remained well within their month-long range; meanwhile, rapidly easing backwardation in crude calendar spreads is a much…
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Rory Johnston
Oil Context Weekly (W9)
Tightening spot markets and wider backwardation press US crude prices to the highest level in nearly four months, though heavy speculative inflows…
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Rory Johnston
Oil Context Weekly (W8)
Crude prices fell ~$2/bbl despite continued strength in calendar spreads, once again failing to breach the stubborn ~$83-84/bbl resistance level that…
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Rory Johnston
Oil Context Weekly (W7)
Crude prices gain another $1/bbl despite notable inventory builds and plunging refined product markets, but remain capped at the upper end of the range…
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Rory Johnston
Oil Context Weekly (W6)
Crude prices re-reverse, gaining nearly $5/bbl to erase most of last week’s declines following another intensification of the Israel-Hamas war alongside…
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Rory Johnston
Oil Context Weekly (W5)
Crude prices fell more than $6/bbl for the worst weekly performance in four months, driven by a combination of legitimate spot market easing (Mon-Wed…
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Rory Johnston
Oil Context Weekly (W4)
Crude prices roared $5/bbl higher as spot markets tightened on logistical disruptions, receiving a final Friday boost following confirmation of a major…
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Rory Johnston
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