{"id":20699,"date":"2017-10-07T04:33:22","date_gmt":"2017-10-07T02:33:22","guid":{"rendered":"http:\/\/bontrade.org\/blog49\/20699\/weekly-fundamentals-crude-oil-profit-taking-continues\/"},"modified":"2017-10-07T04:33:22","modified_gmt":"2017-10-07T02:33:22","slug":"weekly-fundamentals-crude-oil-profit-taking-continues","status":"publish","type":"post","link":"https:\/\/bontrade.org\/blog49\/20699\/weekly-fundamentals-crude-oil-profit-taking-continues\/","title":{"rendered":"Weekly Fundamentals - Crude Oil Profit-Taking Continues"},"content":{"rendered":"<p>Energy prices dropped on Friday although Saudi Arabia and Russia affirmed the possibility to extend the output cut deal to end -2018. Both crude oil benchmarks ended the week lower as profit-taking continued. The front-month WTI contract plunged -4.61% while the Brent contract was down -3.34%. WTI-Brent spread recovered but remained wide. On EIA' weekly inventory report, we saw another week of big decline in crude oil inventory. However, Cushing stock gained +1.53 mmb to 62.46 mmb.<\/p>\n<div>\n<a href=\"http:\/\/feeds.feedburner.com\/~ff\/OngFocus?a=BIG_rn21j2g:kYrj7cLmFH4:yIl2AUoC8zA\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/OngFocus?d=yIl2AUoC8zA\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/OngFocus?a=BIG_rn21j2g:kYrj7cLmFH4:V_sGLiPBpWU\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/OngFocus?i=BIG_rn21j2g:kYrj7cLmFH4:V_sGLiPBpWU\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/OngFocus?a=BIG_rn21j2g:kYrj7cLmFH4:F7zBnMyn0Lo\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/OngFocus?i=BIG_rn21j2g:kYrj7cLmFH4:F7zBnMyn0Lo\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/OngFocus?a=BIG_rn21j2g:kYrj7cLmFH4:qj6IDK7rITs\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/OngFocus?d=qj6IDK7rITs\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/OngFocus?a=BIG_rn21j2g:kYrj7cLmFH4:l6gmwiTKsz0\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/OngFocus?d=l6gmwiTKsz0\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/OngFocus?a=BIG_rn21j2g:kYrj7cLmFH4:gIN9vFwOqvQ\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/OngFocus?i=BIG_rn21j2g:kYrj7cLmFH4:gIN9vFwOqvQ\" border=\"0\"><\/img><\/a>\n<\/div>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/OngFocus\/~4\/BIG_rn21j2g\" height=\"1\" width=\"1\" alt=\"\" \/><\/p>\n<p>Read more here:\u00a0<br \/>\n<a target=\"_blank\" href=\"http:\/\/feedproxy.google.com\/~r\/OngFocus\/~3\/BIG_rn21j2g\/\" title=\"Weekly Fundamentals - Crude Oil Profit-Taking Continues\">Weekly Fundamentals - Crude Oil Profit-Taking Continues<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Energy prices dropped on Friday although Saudi Arabia and Russia affirmed the possibility to extend the output cut deal to end -2018. Both crude oil benchmarks ended the week lower as profit-taking continued. The front-month WTI contract plunged -4.61% while the Brent contract was down -3.34%. WTI-Brent spread recovered but remained wide. On EIA' weekly inventory report, we saw another week of big decline in crude oil inventory. However, Cushing stock gained +1.53 mmb to 62.46 mmb. <\/p>\n","protected":false},"author":7051,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lightning_design_setting":[],"footnotes":""},"categories":[1],"tags":[],"class_list":["post-20699","post","type-post","status-publish","format-standard","hentry","category-welcome-start-here-tradecrudeoilchatroom"],"_links":{"self":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts\/20699","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/users\/7051"}],"replies":[{"embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/comments?post=20699"}],"version-history":[{"count":0,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts\/20699\/revisions"}],"wp:attachment":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/media?parent=20699"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/categories?post=20699"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/tags?post=20699"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}