Searching for Signals | S6 E34
World of Oil Derivatives - En podcast av Greg Newman
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Brent futures climbed towards $88 before settling around $85.50. Money managers increased their long positions in Brent for the third consecutive week, indicating bullish sentiment European M1 refinery margins softened in the week but remained profitable at $6.40/bbl. Products saw weakness across the barrel but the upcoming hurricane season and potential disruption to US infrastructure raise questions about short-term price movements. Dreadful US data, including a contraction in manufacturin...