Warren Patterson's Comment & Analysis
A complete archive of Warren Patterson's articles, including current analysis & comment - Page 11
We expect oil and European gas prices to fall throughout 2025, with both balances looking more comfortable. The macro and geopolitical backdrop suggests there is more upside for gold
OPEC+ Delayed...
Commodities are recovering this morning after yesterday’s heavy sell-off on the back of a surge in the US dollar following Trump’s win
Energy – Hurricane Rafael Shuts in Oil Production
Oil prices...
Oil prices are trading stronger this morning after OPEC+ members delayed a supply increase by another month
Energy - OPEC Supply Increase Delayed
Oil prices are trading stronger this morning with ICE...
The oil market sold off aggressively yesterday after Israel’s measured response over the weekend. While it is still not clear if and how Iran will retaliate, the market is clearly of the view that...
Brent broke below $80/bbl for the first time since early June as demand concerns linger
Energy – Brent Tumbles Below $80/bbl
Oil prices have come under further pressure as bearish sentiment has hit...
Oil prices have come under pressure due to lingering demand concerns, while the copper market has weakened further on the back of rising inventories
Energy – Russian Crude Transit Issues
Oil prices...
Oil prices continue to trade in a range. Chinese demand concerns continue to cap prices, while Canadian supply risks have reinforced the floor for the market
Energy – Canada Wildfire Risk Grows
The...
Oil is down, and so is copper after hitting record highs in May. Natural gas prices, however, continue to be supported by supply concerns.
Oil market in deficit for the remainder of 2024
Oil prices...
US crude oil inventories increased for a fourth consecutive week pushing stocks closer to five-year average levels as domestic demand remains soft. Meanwhile, US natural gas inventory withdrawals...
Oil prices closed marginally lower yesterday. However, gasoil cracks remain firm, suggesting a tight middle distillate market. Natural gas prices came under pressure on the back of forecasts for...