Daily Oil Fundamentals
Riding the Headlines
16 Nov 2023Riding the Headlines
The question: can a daily price swing of $3/bbl in a crack spread value be justified by fundamental developments?
The question: can a daily price swing of $3/bbl in a crack spread value be justified by fundamental developments?
It is rather an interesting watch to see how oil is being somewhat left behind by the buying jamboree seen yesterday in other recognised investment suites.
Faced with a relief bounce after a torrid week of losses, the oil complex enjoyed a Friday that clawed back some of the worst excesses of the sell off, leaving the big ticket numbers of $80 in Brent and $75 in WTI intact.