Crude Oil Insights Uncategorized Crude Oil outlook – Trading oil after a three day weekend

Crude Oil outlook – Trading oil after a three day weekend

Here is what is going to be on our discussion agenda after we come back from the 3 day Memorial Day break

  1. Start of the US driving season and its impact on distillate inventory – when will the numbers come out.
  2. The constant coverage of Hurricane season in the Gulf of Mexico and the arrival of the first Hurricane.
  3. The failure of the Top Kill method at the Deep Water Horizon site and its impact on the future costs of offshore drilling.
  4. The optimistic coverage over the break on the outlook for US economy and the impact Europe will or will not have on growth in the US.
  5. China reaction to growth and timing of measures to slow down the Chinese economy.
  6. Crude oil opening prices and trading volume in early trading in Japan, Australia, Singapore and Thailand before Europe and New York open up.
 

Author: Jawwad