Oil Inventory Report Expectations (from the Bloomberg survey) Comments by Z: Crude – The draw could be bigger than expected again as the Houston Ship Channel was shut towards the end of the week potentially shaving tanker imports. Given that the current sentiment for oil seems to have shifted from "we have enough" to "we're […]
Commodity Watch Crude: I think it’s ahead of itself having closed up $1.47 yesterday to a record $80.57 primarily because Goldman reiterated their super-spike theory. Last Thursday, I laid out some basic back of the envelope math for a fourth quarter tightening, the same issue GS is using to hype their $85 by year end […]
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