* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Friday, October 24, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    ‘Chainsaw Man — The Movie: Reze Arc’ Review: Hit Manga Gets an Ultra-Violent, Surprisingly Emotional Big-Screen Adaptation – Yahoo

    Chainsaw Man – The Movie: Reze Arc Review: A Brutal and Unexpectedly Emotional Big-Screen Adaptation

    Reba McEntire Details Personal Relationship With Late Stepson Brandon Blackstock – KNDU

    Reba McEntire Shares Emotional Tribute to Her Late Stepson Brandon Blackstock

    Sacramento city leaders approve adding 2 entertainment zones in midtown – CBS News

    Sacramento City Leaders Approve Two Thrilling New Entertainment Zones in Midtown

    AMC brings first new Dolby Experience to Gwinnett since 2017 – Wyoming News Now

    AMC Launches First New Dolby Experience in Gwinnett Since 2017

    Hetzel Design: blending architecture and entertainment – Blooloop

    Hetzel Design: Where Architecture and Entertainment Unite in Perfect Harmony

    Country music legend rushed to hospital year after heart surgery. Here’s what we know – PennLive.com

    Country Music Legend Rushed to Hospital One Year After Heart Surgery – What’s Happening Now?

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Next steps: Technology opens new options for greater mobility – Missouri Independent

    Next Steps: How Technology is Opening Exciting New Doors to Greater Mobility

    Rydberg Technologies Inc. Announces Launch of Rydberg Photonics in Berlin – The Quantum Insider

    Rydberg Technologies Launches Exciting New Photonics Division in Berlin

    A look into new technology at Columbia University that could help prevent a dangerous pregnancy complication – ABC7 New York

    A look into new technology at Columbia University that could help prevent a dangerous pregnancy complication – ABC7 New York

    Office Technology: Dealers’ Managed IT Revenue up Nearly 30% – The Cannata Report –

    Office Technology: Dealers’ Managed IT Revenue up Nearly 30% – The Cannata Report –

    3 E Network Technology Group Limited Closes $1.5 Million Convertible Promissory Note Offering – Quiver Quantitative

    3 E Network Technology Group Limited Closes $1.5 Million Convertible Promissory Note Offering – Quiver Quantitative

    3 Technology Stocks to Buy Now – Yahoo Finance

    3 Must-Buy Tech Stocks You Can’t Afford to Miss Right Now

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    ‘Chainsaw Man — The Movie: Reze Arc’ Review: Hit Manga Gets an Ultra-Violent, Surprisingly Emotional Big-Screen Adaptation – Yahoo

    Chainsaw Man – The Movie: Reze Arc Review: A Brutal and Unexpectedly Emotional Big-Screen Adaptation

    Reba McEntire Details Personal Relationship With Late Stepson Brandon Blackstock – KNDU

    Reba McEntire Shares Emotional Tribute to Her Late Stepson Brandon Blackstock

    Sacramento city leaders approve adding 2 entertainment zones in midtown – CBS News

    Sacramento City Leaders Approve Two Thrilling New Entertainment Zones in Midtown

    AMC brings first new Dolby Experience to Gwinnett since 2017 – Wyoming News Now

    AMC Launches First New Dolby Experience in Gwinnett Since 2017

    Hetzel Design: blending architecture and entertainment – Blooloop

    Hetzel Design: Where Architecture and Entertainment Unite in Perfect Harmony

    Country music legend rushed to hospital year after heart surgery. Here’s what we know – PennLive.com

    Country Music Legend Rushed to Hospital One Year After Heart Surgery – What’s Happening Now?

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Next steps: Technology opens new options for greater mobility – Missouri Independent

    Next Steps: How Technology is Opening Exciting New Doors to Greater Mobility

    Rydberg Technologies Inc. Announces Launch of Rydberg Photonics in Berlin – The Quantum Insider

    Rydberg Technologies Launches Exciting New Photonics Division in Berlin

    A look into new technology at Columbia University that could help prevent a dangerous pregnancy complication – ABC7 New York

    A look into new technology at Columbia University that could help prevent a dangerous pregnancy complication – ABC7 New York

    Office Technology: Dealers’ Managed IT Revenue up Nearly 30% – The Cannata Report –

    Office Technology: Dealers’ Managed IT Revenue up Nearly 30% – The Cannata Report –

    3 E Network Technology Group Limited Closes $1.5 Million Convertible Promissory Note Offering – Quiver Quantitative

    3 E Network Technology Group Limited Closes $1.5 Million Convertible Promissory Note Offering – Quiver Quantitative

    3 Technology Stocks to Buy Now – Yahoo Finance

    3 Must-Buy Tech Stocks You Can’t Afford to Miss Right Now

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home News

Traders Turning Bullish On Saudi Supply Cuts

July 19, 2023
in News
Traders Turning Bullish On Saudi Supply Cuts
Share on FacebookShare on Twitter

Net long positions in WTI and Brent jumped by most in three months in the period from July 3 to July 11.
Even if the recent Saudi moves didn’t result in major price rallies in prompt prices, traders and analysts now see the market tightening this quarter.
Traders are weighing China’s macroeconomic situation and tightening global crude supply.

Hedge funds and other money managers are back to piling bullish bets on oil, expecting Saudi Arabia’s production cuts this summer to have put a higher floor under prices.  

The combined net long – the difference between bullish and bearish bets – in WTI and Brent jumped by the most in three months in the period from July 3 to July 11, the latest commitment of traders reports show. Including fuels, buying in the six most important petroleum futures and options contracts saw one of the biggest increases over the past decade. 

Money managers’ positioning is likely to have risen further after the July 11 end of the latest reporting period, considering that lower-than-expected U.S. inflation fueled on July 12 a market rally that saw Brent Crude breaking above $80 per barrel for the first time since May. 

Portfolio managers have become more bullish on crude and fuels since Saudi Arabia announced in early July that it would be extending its unilateral 1 million bpd production cut into August. 

Even if the recent Saudi moves didn’t result in major price rallies in prompt prices, traders and analysts now see the market tightening this quarter, although recession and demand fears are still very much alive. 

The Saudis have not managed to lift oil prices much above $80 per barrel, but they have succeeded in changing the perception of market balances for this quarter and – as Saudi Energy Minister Prince Abdulaziz bin Salman has frequently said – “punish the short sellers.”

The Bulls Are Back

Between July 3 and 11, money managers bought the equivalent of 115 million barrels in the six most important petroleum contracts. That was the 14th largest jump in petroleum futures buying in all weeks since 2013—one of the biggest in the past decade, per estimates by Reuters market analyst John Kemp based on the reports of fund positions in commodities.  

Brent and WTI led the buying, but hedge funds managers also bought U.S. gasoline and diesel, as well as European gasoil. Longs were added, and shorts were cut in all petroleum contacts, suggesting that market participants have started to unwind some of the previously bearish bets on the oil complex after Saudi Arabia signaled it would not give up chasing the “stability of the market,” also known as higher oil prices. 

With the Kingdom showing it would do whatever it takes to stop prices from collapsing, traders have become more bullish on oil. 

Hedge funds and other speculators increased their crude and fuel exposure by one-third to a three-month high with tightening supply in focus in the first seven trading days in July, Ole Hansen, Head of Commodity Strategy at Saxo Bank, said on Monday in comments on the data about the commitment of traders. Crude and fuel products rose by around 7% between July 3 and 11. 

Fund buying of Brent and WTI crude oil accelerated. The combination of short covering, with 34,000 lots, and fresh longs, at 47,000 lots, triggered the biggest jump and net long in crude oil contracts in three months. Fuel products also saw strong demand, Hansen said.  

The net long in crude oil jumped to the highest since April.  

The money managers’ positioning is not outright bullish because the ratio of bullish to bearish bets was 3:1 as of July 11. But the longs-shorts ratio jumped from 2:1 compared to the end of June, pointing to increased confidence from traders that Saudi Arabia has put a firm floor under oil prices. 

Macroeconomic Concerns Continue To Weigh On The Market 

After the July 11 reporting period of fund positioning ended, oil prices rallied on July 12 and 13 after the U.S. inflation data raised market confidence that the economy could manage a soft landing at the end of the rate-hiking cycle. Oil prices traded on Thursday at their highest level in 11 weeks after data showed U.S. inflation fell to 3% in June, versus expectations of 3.1%. The lowest inflation print in over two years was cheered by markets, although analysts say it would not be enough to dissuade the Fed from hiking interest rates – again – later this month. 

But early this week, oil prices slumped on Monday after China reported second-quarter economic growth below expectations. The economic growth miss from China added to the return to production of large Libyan oilfields to weigh on prices.

“If China doesn’t appear strong the global growth outlook will get slashed and that could keep oil prices heavy a while longer,” Ed Moya, senior market analyst at OANDA, said on Monday. 

While the market is juggling macroeconomic concerns and recession fears, Saudi Arabia is lowering crude oil exports and Russia seems to be preparing to make good on its pledge to cut shipments next month, at least partially. 

Supply is tightening, but traders need hard evidence of that, as well as signals from China that it would move to boost its economy, to become even more bullish on oil.

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:

Japan Wants A Global Emergency Natural Gas ReserveU.S. Shale Challenges OPEC With Record Production In 2023Carbon Prices Set To Fall As Europe Speeds Up Energy Transition

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : OilPrice – https://oilprice.com/Energy/Oil-Prices/Traders-Turning-Bullish-On-Saudi-Supply-Cuts.html

Tags: newsTradersturning
Previous Post

The SPR Could Stay Half Empty Forever

Next Post

Needham Reiterates Sovos Brands (SOVO) Buy Recommendation

Sports gambling indictment revives tough questions about integrity – Axios

Sports Gambling Indictment Sparks Renewed Debate Over Integrity

October 23, 2025
Former world chess champion Vladimir Kramnik investigated for bullying following death of grandmaster Daniel Naroditsky – CNN

Former World Chess Champion Vladimir Kramnik Under Investigation Amid Tragic Loss of Grandmaster Daniel Naroditsky

October 23, 2025
Trump approval on economy hits new low: Quinnipiac poll – The Hill

Trump’s Economic Approval Hits Historic Low in Shocking New Poll

October 23, 2025
‘Chainsaw Man — The Movie: Reze Arc’ Review: Hit Manga Gets an Ultra-Violent, Surprisingly Emotional Big-Screen Adaptation – Yahoo

Chainsaw Man – The Movie: Reze Arc Review: A Brutal and Unexpectedly Emotional Big-Screen Adaptation

October 23, 2025
WHO launches new country guidance for health emergency coordination – World Health Organization (WHO)

WHO Launches Bold New Global Guidelines to Revolutionize Health Emergency Coordination

October 23, 2025
Gettysburg suffers damage as advocates ask public to be vigilant during shutdown – CNN

Gettysburg Endures Damage as Advocates Call for Public Vigilance Amid Shutdown

October 23, 2025
Vibrio pectenicida strain FHCF-3 is a causative agent of sea star wasting disease – Nature

Vibrio pectenicida strain FHCF-3 is a causative agent of sea star wasting disease – Nature

October 23, 2025
Condensation defying gravity – European Space Agency

Condensation defying gravity – European Space Agency

October 23, 2025
Guest educators bring fun environmental science to Kent middle school – MyEasternShoreMD

Guest Educators Ignite Passion for Environmental Science at Kent Middle School

October 23, 2025
Equity Lifestyle Properties, Inc. Profit Rises In Q3, Beats Estimates – Nasdaq

Equity Lifestyle Properties Delivers Impressive Q3 Profit, Exceeding All Expectations

October 23, 2025

Categories

Archives

October 2025
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728293031  
« Sep    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (882)
  • Economy (904)
  • Entertainment (21,775)
  • General (17,763)
  • Health (9,945)
  • Lifestyle (916)
  • News (22,149)
  • People (904)
  • Politics (914)
  • Science (16,114)
  • Sports (21,404)
  • Technology (15,883)
  • World (887)

Recent News

Sports gambling indictment revives tough questions about integrity – Axios

Sports Gambling Indictment Sparks Renewed Debate Over Integrity

October 23, 2025
Former world chess champion Vladimir Kramnik investigated for bullying following death of grandmaster Daniel Naroditsky – CNN

Former World Chess Champion Vladimir Kramnik Under Investigation Amid Tragic Loss of Grandmaster Daniel Naroditsky

October 23, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version