Investors are remarkably calm about the tension in the Middle East. Fears of supply disruptions that pushed the price of Brent up from $85/bbl prior to the Hamas attack on Israeli civilians to $94/bbl two weeks later have considerably dissipated.
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...
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.
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