Morning Market Notes: NYMEX ULSD Makes a Comeback, As Expected
NYMEX ULSD prices have recovered as we anticipated, in absolute terms and relative to crude oil. We would not chase them here since they are...
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Morning Market Notes: Will The U.S.-Russia Diesel Deal Happen? Maybe Not
We do not believe the U.S.-Russia diesel deal is a fait accompli. In fact, the odds are less than 505 that it goes through at all as a result of...
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Monday Macro Update: ULSD: The "Whipping Boy" Of The NYMEX
NYMEX ULSD prices have declined in response to government steps, including President Trump's Russian diesel deal. Prices are likely to rebound,...
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Morning Market Notes: As We Anticipated, Iran Is "Ramping It Up" Prior To The Midterms
Oil prices surged on rumors the U.S. will launch a major attack on Iran prior to the midterms, consistent with our scenario for the fourth quarter....
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Morning Market Notes: If Our Fourth Quarter Scenario Holds Any Water, Now Is The Time To Be Patient
The oil market continues to tread water below $90.00 per barre, basis the prompt NYMEX crude oil contract, but we cannot believe Iran will allow...
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