Daily Oil Fundamentals

Sentiment Sours as Fed Turns Hawkish

21 Sep 2023

Sentiment Sours as Fed Turns Hawkish

Yesterday’s two decisive factors in shaping the mood of investors and the direction of risk assets were the Weekly Petroleum Status Report from the EIA and the interest rate decision from the Fed.

Daily Oil Fundamentals

Fixating on $100

20 Sep 2023

Fixating on $100

In hindsight, yesterday’s and this morning’s price action is reasonable and sensible.

Daily Oil Fundamentals

Ominous Distillates

19 Sep 2023

Ominous Distillates

Looking back at the performance of the past few weeks there is one salient question that needs to but cannot be answered instantly: are distillates going to sound the death knell of the current bull run or despite the violent nature of the contract(s) the move higher will continue unabated?