Oil is longer with 21k more longs & 6k shorts covering
Gas is less short with 5k more longs & 14k shorts covering
Storage is now considerably below both last year & the 5 yr avg.
Still some tough comps coming next month so I'm guessing
storage ends up pretty close to where it was April 1 2021
Say 1,600 +/-100B's
I sold 600 shares of EOG @ $105 & sold calls on 1000 more
strike $107 expire Friday for $1.25. Looking for them to be called away.
These are long held shares with a cost basis around $40 in a taxable account
I have enough loss carry over to cover the profit and I think that it is probably
early but I'm going to start lightening up . Too old to go through another
cycle. Been invested in ( and employed by ) energy sector since the '70s &
rode that rollercoaster ever since.
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| US | UK | UK$-US$ |
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| FEB | $4.23 | $28.47 | 24.24 | 208.13 |
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| MAR | $4.04 | $28.28 | 24.24 | 206.71 |
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| APR | $3.97 | $23.00 | 19.03 | 168.13 |
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| MAY | $3.99 | $22.21 | 18.22 | 162.38 |
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| JUN | $4.04 | $22.12 | 18.08 | 161.68 |
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| JUL | $4.10 | $22.06 | 17.96 | 161.28 |
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| AUG | $4.12 | $22.09 | 17.97 | 161.48 |
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| SEP | $4.09 | $22.27 | 18.18 | 162.78 |
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| OCT | $4.13 | $22.45 | 18.32 | 164.10 |
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| NOV | $4.21 | $23.40 | 19.19 | 171.10 |
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| DEC | $4.38 | $23.75 | 19.37 | 173.60 |
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| JAN | $4.48 | $24.02 | 19.54 | 175.60 |
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| FEB | $4.34 | $24.08 | 19.74 | 176.05 |
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| MAR | $3.97 | $22.58 | 18.61 | 165.05 |
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| APR | $3.26 | $14.86 | 11.60 | 108.63 |
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| MAY | $3.17 | $12.81 | 9.64 | 93.62 |
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| JUN | $3.19 | $11.44 | 8.25 | 83.62 |
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| 01-14 |
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COT update non-commercial futures |
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| Net Pos | WOW Chng | Sentiment |
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| CL | +360,505 | +27,680 |
| longer |
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| NG | -122,564 | +19,343 | less | short |
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| this week | last week |
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| $ / £ | 1.3679 | 1.3587 | $ | lower |
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| US prices | higher |
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| UK prices | lower |
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| Jan-23 | $4.48 | Jun-23 | $3.19 |
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| Jan-24 | $3.70 | Jun-24 | $2.94 |
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| Jan-25 | $3.55 | Jun-24 | $2.85 |
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| WTI |
| BRENT |
| SPREAD |
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| Mar-22 | $83.69 |
| $86.44 |
| $2.75 |
| Dec-22 | $76.02 |
| $79.69 |
| $3.67 |
| Dec-23 | $69.37 |
| $73.74 |
| $4.37 |
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| NG | Storage |
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| 2020 |
| 2021 |
| 5 yr. Avg |
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| 3196 |
| 3016 |
| 3214 |
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| -180 |
| -198 |
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