Keep up-to-date with the world's only TV channel dedicated to the energy markets - available live and on demand.
Trumps reversal on Greenland (“won’t use force” to secure Greenland but will opt for “negotiations.”) saw risk jump (S&P +1.11%, Nasdaq +1.4%), and precious metals pause their bull run.
The M1 ICE LS gasoil crack saw a significant rise in the 14-day RSI, reflecting the positive momentum seen this week....
Markets have stabilised today after yesterday’s rout, though with the S&P500 -2.1% the equity uptrend has clearly broken.
Japanese bond crisis is here.
Volatility is back as Trump throws another weekend grenade.
The biggest risk to crowded consensus trades is a breakout higher in U.S. 2-year yields.
U.S. data continues to beat expectations with PPI (a CPI lead indicator) jumping markedly to +3.0% (est 2.7%), retail sales +0.6% MoM (est +0.4% ), and existing home sales jumped from 4.14M to 4.35M.
Silver is already up exactly 25% year to date, aluminium 21%, and the move from financial assets to hard assets continues.
While the S&P500, gold & silver make new all-time highs, the front of the bond curve is repricing risk.
Vitol Diluent Cargo is set to be shipped on Vessel Hellenspont Protector from US gulf coast and is expected to arrive in Venezuela next week.
A top Vitol executive said: "We are here to ensure that you [president Trump] are going to be able to move oil around the world, at the best price possible."
Join in-person and online courses from Flux Institute