Crude

Tyler Durden's picture

"Jingle Mail" Makes Comeback In Canada As Underwater Borrowers Mail Keys Back To Banks





"People [are] saying that we can't make a go of it and mail the keys to the bank. In the big cities, not so much because the average sale prices haven't really dropped much, we haven't seen the pain yet. But Calgary is getting pretty tight."

 
Tyler Durden's picture

Deutsche Bank Is Scared: "What Needs To Be Done" In Its Own Words





"So back to the  original question WHAT NEEDS TO BE DONE. Simple?  Recognize the problem. It is not oil, it is not in the banks..it is a run on central bank liquidity, especially dollar based and there needs to be much more ($) liquidity.... Cash shd be charged interest -- put the micro chip in large denom notes/tax cash withdrawals.. encourage spending not saving."

 
Tyler Durden's picture

Crude Confused After API Reports Across-The-Board Inventory Builds





WTI crude had tanked into the NYMEX close (by the most in 5 months) but managed to get back above $28 before fading into inventory data. Against expectations of a 3.6mm build, API reported a 2.4mm barrel crude build (the 5th weekly build in a row). Even more critically, API reported a 3.1mm Gasoline build (notably above the expected +400k build) and Cushing saw a 2nd weekly build of 715k. WTI ignored it initially but then decided to rally modestly before fading to unch.

 
Tyler Durden's picture

WTI Crude Crumbles To $28 Handle, 3-Week Lows





WTI crude has collapsed 5.5% from overnight highs and broken back below $29 for the first time since Jan 21st (when "the bottom" was put in)...

 
Tyler Durden's picture

Futures, Global Stocks Tumble As Europe Bank, Periphery Carnage Unfolds





Everything went from bad to worse once Europe opened, and things started going "bump in the morning" across the European banking sector, where not only has it been more of the same with CDS spreads for major banks - most notably Deutsche Bank - continuing their surge wider, but also EM spreads to Bunds all following, with the Portugal-Germany Yield spread blowing out above 300 bps for the first time since 2014, and other peripheral nations following.

 
Monetary Metals's picture

Possible Silver U-Turn Report, 7 Feb, 2016





Wow, did the dollar move down this week! It dropped more than it has in quite a while. It fell 1.3mg gold, or 0.1g silver, but what happened to the fundamentals?

 
Tyler Durden's picture

Why The 'Sultan Of Chaos' Is Freaking Out





The only leverage the ‘Sultan’ may enjoy at the moment. From Brussels to Berlin, sound minds are terrified that the EU is now actually hostage to Erdogan’s Kurd “priority”, while Ankara is doing next to nothing to fight massive migrant smuggling. And that explains German Chancellor Angela Merkel’s own desperation. How could the alleged most powerful politician in Europe falls for such a crude extortion racket? The ‘Sultan’ wants a lot of cash, a lot of concessions, and even a further shot at entering the EU. Otherwise, he won’t turn off the tap on the grim refugee flood. No wonder the regime change rumor mill is frantic. In Ankara? No; in Berlin.

 
Tyler Durden's picture

"Few Are Yet Willing To Admit The Harsh Reality..."





A multi-decade Credit Bubble is coming to an end. The past seven years has amounted to an incredible blow-off top and the ongoing worldwide collapse in financial stocks provides powerful support for the bursting global Bubble thesis. Few are yet willing to accept the harsh reality that the world has sunk back into crisis as mal-investment, over-investment and associated wealth destruction remain largely concealed so long as financial asset inflation persists. This is true as well for wealth redistribution. The unfolding adjustment process will deflate asset prices so as to converge more closely with deteriorating underlying economic fundamentals.

 
Tyler Durden's picture

Iran Says No Thanks To Dollars; Demands Euro Payment For Oil Sales





Iran enjoys trolling the United States. In fact, it’s something of hobby for the Ayatollah, who has maintained the country’s semi-official “death to America” slogan even as President Rouhani plays good cop with Obama and Kerry. In the latest humiliation for Washington, Tehran now says it wants to be paid for its oil in euros, not dollars.

 
Tyler Durden's picture

Bloodbathery





 
Tyler Durden's picture

The First Warning Sign That Cushing May Be About To Overflow





Enterprise Products Partners has told at least some counterparties that it is experiencing delays in delivering crude from its tanks, according to three sources who were informed of unspecified "terminalling and pump" issues.  The hiccups may be a sign of things to come as traders fear a further increase in stocks at Cushing would test the upper limits of tanks and cause the next leg of an 18-month rout.

 
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