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21 Jan 2020

US EIA forecasts: Oil production per rig at: 1,598 bpd for bakken (vs 1,559 bpd month ago)

US EIA report forecasts new well oil production per rig at: 1,598 bpd for bakken (vs 1,559 bpd month ago); 810 bpd for permian (vs 808 bpd month ago); 1,475 bpd for eagle ford (vs 1,453 bpd month ago).

More to come...

Jan 21, 2020

WTI: Bulls capped at the 200-hour moving average

The price of a barrel of oil is topping out just below the 200-hour moving average and a prior support structure earlier in the month as traders get s

USD/MXN rebounds from multi-month lows and tests levels near 18.75

The USD/MXN pair is having the best performance in weeks, boosted by a rally of the greenback against most emerging market currencies and amid risk av