Will OPEC Drain the Washout? | S6 E21
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If you would like to access our free comprehensive monthly oil report as mentioned in the podcast, click here: https://www.onyxhub.co/dashboards/oil-market-report-may/In last week's podcast, we had started to see pressure in the crude futures contracts, and we've slid to a new low of this cycle today at $82.30/bbl.Refinery margins were the major reason for bullish Brent over the past few months, however now it’s the major reason market sentiment has flipped. Margins have strengthened sl...
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Brent Futures have been volatile and rangebound this week, dropping to around $81/bbl and supported again over $84/bbl. With the OPEC meeting next week (and being held online), there's been conversation that Russia has overproduced oil output, but will be correcting lower after not adhering to...
Published 05/29/24
Published 05/29/24
On today's show, James focuses on the stronger-than-expected US economic data, which has pushed yields higher. He also discusses the growing concerns around employment, the booming Indian economy, weakening UKL data, and unfortunate timing with the election looming. Some charts and trade ideas...
Published 05/27/24
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