While it is impossible to know the motivation behind each trade, we can see that yesterday’s activity in WTI options, net, showed some liquidation of
Iranian oil production… Bloomberg
Grant Smith and Julian Lee, report on OPEC’s steady oil production in April, here... But this is what they had to say about Iran: “The disruption in
Should oil bulls be nervous?
Andres Guerra Luz and Verity Ratcliffe, Bloomberg, quote Iraqi oil minister, Ihsan Abdul Jabbar, here... (my bold)... “Iraq’s oil minister, Ihsan
A leading indicator?
Calculated Risk has a few leading indicators, here, but this one may be most meaningful... The last thing I want to do is ride on a NYC subway... But
Globalization in a Needle…
I liked the title of Afshin Molavi’s article on substack, here... ”Last week, I got a shot of globalization injected directly into my arm. I was
New York’s Indian Point nuke closes after 59 years… EIA
From the EIA’s “Today in Energy”: ”The Indian Point Energy Center (Indian Point) permanently stopped generating electricity on April 30, 2021, when
New positions increase in oil options…
Open interest in WTI options went way up yesterday on not heavy volume... The QuikStrike Most Active Strikes tool, via the CME, is here... The two
Diesel demand is strong… Bloomberg
Jeffrey Bair, Bloomberg, writes about diesel demand, here.. “Whether it’s champagne, Harley-Davidson motorcycles or new TVs, Americans keep buying
Options update…
Rarely do we see a strike trade over 10,000 times anymore, but on Friday, 11,030 July $80 calls traded... These expire on May 17th in a market that