Why do financial news organizations insist on describing markets that drop by 20% as entering bear markets? Was there a memo that went out? Are they
WTI options update…
Options were active yesterday as you can see from a snapshot below of the CME’s Most Active Strike tool... On the the last two sharp down days,
3-month Treasury bills vs. 3-month bills’ futures… WSJ
From today’s Real Time Economics (WSJ), here...
Ed Morse, Citi, makes the bullish case for oil… Houston Chronicle
$78 Brent is possible and soon says Ed, here... ”Supply risks, rising demand over the northern summer, light fund positioning and a tight physical
The US expansion in perspective… WSJ
Jon Hilsenrath, Wall Street Journal, gives us a nice look at the current economic expansion compared with others, here...
Saudis Take Iran’s Oil-Market Share… Bloomberg
By Grant Smith, Bloomberg, here... ”Iran’s production plunged by 230,000 barrels a day to 2.32 million a day, according to the Bloomberg survey.
Robert Kaplan on jobs, oil and credit… FT Alphaville
This is a very good podcast, maybe the first one for me from FT Alphaville... ”The president of the Federal Reserve Bank of Dallas sits down with
WTI options update…
Implied vols exploded on Friday with July settling at 57.8 +13 and August at 46.2 +11, these from barchart.com... Volume was heavy with around
The EIA’s new liquids pipeline projects data base… EIA
From Today in Energy, the EIA’s new data base helps one keep up with pipeline capacity... “As U.S. crude oil production increased, imports dropped