Daily Oil Fundamentals

Everything the Bullish Heart Desires

16 Sep 2026

Everything the Bullish Heart Desires

Well, for one, oil investors either do not follow the US President on his social media platform, or they have serious doubts that Ukraine and Russia will cease hostilities against each other’s energy infrastructure. We are running out of adjectives to describe the performance of the CME Heating Oil contract, which gained the equivalent of $12.62/bbl yesterday, with ICE Gasoil rallying by the equivalent of $12.30/bbl.

Daily Oil Fundamentals

Shifts Happen

15 Sep 2026

Shifts Happen

Genuine hopes of the reopening of the Strait of Hormuz emerged in the middle of June. After all, there was an understanding between the US and Iran about the concessions the parties were willing to make in order to lay the groundwork for further and more substantial negotiations. As it turns out, the light was not the end of the tunnel, but an express train coming from the opposite direction, leading to a head-on collision with tangibly rising optimism.

Daily Oil Fundamentals

Whirlwind Trading Conditions

14 Sep 2026

Whirlwind Trading Conditions

There was nothing unique about last week’s market performance, which saw oil settle higher, equities lower, and bond yields jump. All that happened was that the Iranian conflict unexpectedly escalated. De-escalation is a daydream. The weekly move higher in oil prices is therefore justifiable, as was the Friday correction, when reports emerged of talks between Gulf nations and Iran aimed at reaching an interim deal that might open the Strait of Hormuz, providing an unmissable excuse to cash in on some length.

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Daily Oil Fundamentals