Daily Oil Fundamentals

Buy Friday, Sell Monday, Watch Macro, Repeat

30 Oct 2023

Buy Friday, Sell Monday, Watch Macro, Repeat

he Friday to Friday, week-on-week closes played out thus for the major contracts; WTI -$2.54/barrel, Brent -$1.68/barrel, Heating Oil -10.47c/gallon, RBOB -6.11c/gallon and Gasoil -$54.5/tonne and...

Daily Oil Fundamentals

Reasons to be Careful Part II

27 Oct 2023

Reasons to be Careful Part II

Earlier in the week the US came to the rescue of the dreadful picture posed by global PMI data. Just to

confirm that this is a one horse race in the 2023 economic Gold Cup, yesterday’s expected forecasts

for data were soundly beat.

Daily Oil Fundamentals

Which Headline Should We Follow Next?

26 Oct 2023

Which Headline Should We Follow Next?

We live in strange times and experience strange moves from markets. Yesterday the US Inventory report from the EIA were highlighted by builds.