Daily Oil Fundamentals

Cycle of Tightening is Nearly Complete

15 Sep 2023

Cycle of Tightening is Nearly Complete

The major factor behind the latest run up in oil prices is undeniably the Saudi determination to draw down

Daily Oil Fundamentals

Gasoline Keeps US Headline Inflation Elevated

14 Sep 2023

Gasoline Keeps US Headline Inflation Elevated

If those with bullish propensity were looking for a gentle nudge or excuse to liquidate some of their lengths built up in the last 2-3 months, the inspiration came from a very disappointing set of US stock data.

Daily Oil Fundamentals

It is Either/Or

13 Sep 2023

It is Either/Or

Whilst the underlying risk is currently firmly skewed to the upside the daily activity in the oil market, it appears, is almost exclusively dominated by the perpetually changing view on the distillate/crude oil spread.