Around The Barrel – Crude Oil and Gasoline Outlook

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  • #28868
    TradersCom
    Keymaster

    WTI Oil futures has parked over $80 for…

    [article]2756[/article]

    #28872
    ThePitBoss
    Participant

    WTI crude’s 1.8% rise pushed 2021 gains to 73%.

    Fearing transitory is morphing into chronic inflation, global central bankers and bond markets are taking notice. Jumping another nine basis points to 2.12%, benchmark U.S. MBS yields are back to highs since March 2020. Also trading to pandemic highs, two-year Treasury yields rose six bps this week to 0.46%.

    #28889
    TradersCom
    Keymaster

    [b]Oil continues to take out new highs, A military coup in Sudan the latest geopolitical kindling
    [/b]
    Military arrested civilian government ministers
    Sudan produces oil & part of “OPEC+” group.

    CL_F at 84.65 +.48

    #28925
    Helmholtz Watson
    Participant

    [size=5][b]Iran Deputy Foreign Minister: Sees Guarantee As Key Demand In Nuclear Talks – IRNA
    Iran Wants Guarantee Against Future ‘Bad Faith’ In JCPOA[/b][/size]

    #28934
    TradersCom
    Keymaster

    Oil prices continue to fall after today’s EIA storage

    Platts says pressured by news #Iran & Western powers were set for broader talks on the Iranian nuclear program before end-November, setting stage for the return of Iranian

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