Daniel Bowman Ph.D.

Dan Bowman, Ph.D. Stock Trader/Investor (mostly #oil) Performance Coach (athletes & traders). Interests: #TradingPsychology, #SportsPsychology & @StephenCurry30

[Daniel Bowman Ph.D. @DrStock1234]

We will see #oil pass $100/bbl, but eventually it will settle back as technology always eventually cures high prices. But stay long or get long in oil stocks, such as $GUSH, $GTE, $NRGU and $NOG. If oil stays above $100 for 3 months and then falls below $100, it's time to sell

[Daniel Bowman Ph.D. @DrStock1234]

Big day for oil stocks and #oil with large inventory draws. Eventually oil shock is coming. Good to be long in $GUSH and oil stocks.

[Daniel Bowman Ph.D. @DrStock1234]

Some of this #oil has been coming back in the last 24 hours but this is going to further exhaust falling #oil inventories. Again, barring a major Covid induced slow down, there is going to be a large spike in oil prices. Producers still being ignored

[Javier Blas @JavierBlas]

OIL MARKET: Very little recovery in Gulf of Mexico oil output, still down ~1.7m b/d. Cumulative loss since Aug 27 is now ~13m barrels. And LOOP remains closed (very rare to see it down so long). On refining, ~1.6m b/d is still closed, with XOM Baton Rouge re-starting #OOTT

[Daniel Bowman Ph.D. @DrStock1234]

OPEC meeting over, countries are showing good compliance and over compliance. As long as Covid doesn't slow movement drastically, large supply deficits in #oil are coming. Producers are getting no respect

[HFI Research @HFI_Research]

The US implied oil demand hit an all-time high on weekly basis. On a 4-week average basis, we are still improving despite rising COVID case counts.

#OOTT

[Daniel Bowman Ph.D. @DrStock1234]

An #oil shock is coming as long as covid does not significantly slow down movement

[Javier Blas @JavierBlas]

While total US demand recovered in June to within 0.5% of pre-covid levels, crude production remains much lower. According to the @EIAgov, crude output in June declined month-on-month from May, at 11.3m b/d (-7.1% below June 19). Total oil liquids was virtually flat m-on-m. #OOTT

[Daniel Bowman Ph.D. @DrStock1234]

Hurricane Ida shutting down a lot of #oil production:
https://t.co/5YtbIKsCPA

[Daniel Bowman Ph.D. @DrStock1234]

Gasoline demand improved and EIA numbers better than API numbers on #oil and gasoline inventories- still in short term Covid is biggest threat. Oil is on a path to large deficits.

[Patrick De Haan @GasBuddyGuy]

According to GasBuddy data, Tuesday US gasoline demand rose 1.4% from the Tuesday prior but was 0.3% below the average of the last four Tuesdays.

[Daniel Bowman Ph.D. @DrStock1234]

#Oil (and gasoline) inventories are still going down (though more slowly), and barring Covid really slowing things down, inventories will eventually be in a large deficit. Let's see what EIA report says tomorrow

[CN Wire @Sino_Market]

#API
#Crude -1.163M
#Cushing -1.735M
#Gasoline -1.1979M
#Distillate +0.502M
#OOTT #OIL $CL_F

[Daniel Bowman Ph.D. @DrStock1234]

The only thing holding #oil markets back is the new CV-19 threat. OPEC showing discipline and once #oil markets are heading to a sever deficit barring serious shutdowns

[Giovanni Staunovo🛢 @staunovo]

#OPEC+ sees no need to speed up oil cuts easing despite U.S. calls #oott https://t.co/LMvvUKWhmU

[Daniel Bowman Ph.D. @DrStock1234]

These tensions could affect #oil prices:

[Anas Alhajji @anasalhajji]

If the US withdrawal from Afghanistan was NOT coordinated with Iran, Taliban is taking over the country, & Afghanistan’s military is taking its American-made armament to Iran, why would Iran accept a nuclear deal?
Now, rethink Biden’s National Security Advisor request from OPEC!

[Daniel Bowman Ph.D. @DrStock1234]

Israeli-Iranian tensions could affect #oil markets

[Daniel Bowman Ph.D. @DrStock1234]

API reporting big oil draw. Should help oil stocks like $GUSH rebound. https://t.co/QG8AI58mNp

[Daniel Bowman Ph.D. @DrStock1234]

Earnings are about to start and will help oil stocks. Expect upcoming announcements mergers, acquisitions, and share buy backs in the face of a disinterested market. I still see #oil spiking to $100 this year in the face of some kind of disruption and supply outstripping demand

[Eric Nuttall @ericnuttall]

Oil stocks near a 10 year low versus the oil strip while net speculative length has fallen to the lowest level since December 2020…not the worst setup heading into what will be a barrage of record free cashflow earnings releases.

[Javier Blas @JavierBlas]

OIL MARKET: U.S. commercial **crude** stockpiles are now back to pre-pandemic levels (lowest since January 2020). On a 4-week average, U.S. crude oil stocks (commercial and SPR) are falling at a ~1.2m b/d, which is the fastest, largest rate in 40 years of data | #OOTT

[Daniel Bowman Ph.D. @DrStock1234]

EIA reporting another huge draw in #oil and #gasoline. The last 6 weeks of draws are unprecedented. OPEC+ appears to have pretty much resolved differences with UAE, which has been what has been harming oil prices. Super spike in oil is coming. $GUSH & $NRGU will rebound soon

[Daniel Bowman Ph.D. @DrStock1234]

If you think the bull market in #oil and $GUSH is over, then you haven;t been watching these historic monthly draws. #OPEC is going to resolve its issues and $100 oil is coming

[CN Wire @Sino_Market]

#API
#Crude -7.983M
#Cushing +0.152M
#Gasoline -2.736M
#Distillate +1.086M
#OOTT #OIL $CL_F

[Daniel Bowman Ph.D. @DrStock1234]

The top oil analysts believe historic #oil draws will continue and even accelerate over the next few weeks. Unless OPEC surprises the market at their meeting today, we are likely to see $85 #oil this summer, even without disruptions. Buy $GUSH and $NRGU

[Javier Blas @JavierBlas]

OIL MARKET: Incredible price movements in WTI calendar spreads, with Sep-Oct briefly rising to 141 cents per barrel. Oct-Nov is at 100 cents. WTI appears to be pricing a massive crude oil stock draw in Cushing (and the rest of the US) in the next few weeks | #OOTT

[Daniel Bowman Ph.D. @DrStock1234]

This is what I was seeing- I've never seen any draw downs like this!

[Javier Blas @JavierBlas]

OIL MARKET: The U.S. continues to draw crude stocks at an astonishing rate. Over the last 4 weeks, total crude inventories (including SPR) have fallen at a rate of nearly 1.2m b/d, that's the largest 4-week stock drawn on rolling data going back almost 40 years!!!! #OOTT

[Daniel Bowman Ph.D. @DrStock1234]

Confirmed by EIA with same 8.1 MM bbl draw when SPR 1.4 MM draw is added in

[Daniel Bowman Ph.D. @DrStock1234]

If EIA report @ 1030 Wed confirms, then supply is falling like I can't remember. Any serious disruption, and there will be one before you know it (they occur every few months and we're due), is going to cause a short term spike in #oil

[CN Wire @Sino_Market]

#API
#Crude -8.153M
#Cushing -1.318M
#Gasoline +2.418M
#Distillate +0.428M
#OOTT #OIL $CL_F

[Daniel Bowman Ph.D. @DrStock1234]

Although serious #oil disruptions occur every 2-3 months (hurricanes, wars, contamination, strikes, etc) they usually go unnoticed because supply and demand are balanced. But when inventories are falling this fast (demand outpacing supply), disruptions cause brief spikes