Daily Oil Fundamentals
On Hurricane Watch
30 Aug 2023On Hurricane Watch
With the wisdom of hindsight, yesterday’s sharp intraday sell-off that took place after New York opened was never going to last.
With the wisdom of hindsight, yesterday’s sharp intraday sell-off that took place after New York opened was never going to last.
The changes in weekly prices examples the state of the current play within in the oil complex as products yet again outdo the performances of the crudes with some style.
It was inevitable that the Jackson Hole Symposium, and the all-important speech from the Chairman of the US Federal Reserve, has caused somewhat of a trench warfare attitude from markets and investors are watching the battlefield play out through periscopes.