Daily Oil Fundamentals
"All the World's a Stage"
24 Sep 2026"All the World's a Stage"
Act II, Scene VII of ‘As You Like It’ by William Shakespeare foretold a modern truism that is being acted out at the United Nations. We thought there might be a wild ride for oil prices this week, and so it has been so far. The main topic below takes a peek at a possible diesel/heating oil export ban by the US, but the swings it caused in the arbitrage between CME Heating Oil and ICE Gasoil futures, commonly known as HOGO, is quite astonishing.
