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...
32 Views
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...
55 Views
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,...
76 Views
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....
84 Views
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...
83 Views