Tons of questions on the weakness in Crude – Thoughts from our trading desk: believe the move is more of a "catch-up" to weaker physical markets as we moved past WTI options expiration yesterday & as Middle East risk premium has now come out of the market in our view.Bigger picture: Margins have remained weak for a while OPEC continues to export Spreads & DFLs have been signaling weaker fundamentals for several days now Brent breaking through the 200dma…approaching oversold levels (RSI 32.7)… On the vol front, it's interesting…
Hence then, the article about what caused the recent drop in oil prices goldman trader chimes in was published today ( ) and is available onOILPRICE ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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