Oil

Two tankers (one LNG, the other, oil products) collided in the Suez Canal

Goldman Sachs' $86 oil forecast, weighing up supply & demand factors, bank is net bullish

590,000 b/d TMX crude pipeline in Canada will likely start commercial "later" in Q1 2024

Private oil survey data shows a smaller than expected draw for the headline crude number

Oil slips to the lows of the day into settlement. Eyes on inventories.

• WTI crude oil down on the day

Brent - ANZ on signs of oil supply tightness easing

WTI crude oil settles down $0.53 at $80.12

• Price test it's a 200 hour moving average at session highs. Breaks back below 100 hour moving average at $80.41

Crude oil retraces gains and trades back toward 100 hour moving average support

• The 100 hour MA at $80.47 is support. The 200 hour MA is resistance at $81.82

Storms lineup in the Atlantic basic but only one real threat

• Franklin, Gert and Emily lineup in the Atlantic

Brent: China's weak economy & property debt implosion is weighing, but oil use holding up

Crude oil makes a comeback today. Settles at $81.25, up 1.07%

• Bounce off the $79.00 support level for the 3rd day in a row

Baker Hughes US oil rig count -5

• US oil rigs fall again

Citigroup forecasts Brent oil as low as $68, say to short oil after summer is over

• Citi says that after summer the current oil price rally will be over.

Brent oil price forecast higher - UBS not expecting the recent slip lower to persist

US crude oil futures settle at $80.39

• Settlement prices up $1.01 or 1.27%