Explore Special Offers & White Papers from ADMIS

Petroleum Factors in Improving Demand


Despite significant gains over the past 2 weeks and lingering concerns for headwinds from COVID-19, the crude oil market continues to extend off what is likely ongoing speculation that demand has begun a slow march back “toward” normal. Even if that view is premature, seeing a larger than expected decline in API crude oil stocks yesterday afternoon and news this morning that Chinese November arrivals from Saudi Arabia and the US hit records provides fresh bullish fodder.


In addition to January natural gas potentially finding value on its charts at $3.00, the bull camp might expect some support from the weather front. In fact, hotter than normal temperatures have spread to the center half of the country and the track of tropical storm Eta has become highly unpredictable. In fact, the projected track of the storm has been one of the most surprising tracks in our memory.


Risk Warning: Investments in Equities, Contracts for Difference (CFDs) in any instrument, Futures, Options, Derivatives and Foreign Exchange can fluctuate in value. Investors should therefore be aware that they may not realise the initial amount invested and may incur additional liabilities. These investments may be subject to above average financial risk of loss. Investors should consider their financial circumstances, investment experience and if it is appropriate to invest. If necessary, seek independent financial advice.

ADM Investor Services International Limited, registered in England No. 2547805, is authorised and regulated by the Financial Conduct Authority [FRN 148474] and is a member of the London Stock Exchange. Registered office: 3rd Floor, The Minster Building, 21 Mincing Lane, London EC3R 7AG.                  

A subsidiary of Archer Daniels Midland Company.

© 2021 ADM Investor Services International Limited.

Futures and options trading involve significant risk of loss and may not be suitable for everyone.  Therefore, carefully consider whether such trading is suitable for you in light of your financial condition.  The information and comments contained herein is provided by ADMIS and in no way should be construed to be information provided by ADM.  The author of this report did not have a financial interest in any of the contracts discussed in this report at the time the report was prepared.  The information provided is designed to assist in your analysis and evaluation of the futures and options markets.  However, any decisions you may make to buy, sell or hold a futures or options position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to ADMIS. Copyright ADM Investor Services, Inc.

Latest News & Market Commentary

Explore Special Offers & White Papers from ADMIS

Get Started