oil stocks

Oil’s Recurrent Re-Curving

The post-Pfizer vaccine rush pushed most of the contango out of the WTI futures curve. The aftermath of the Georgia Senate vote, and with it dreams of even larger, more carefree fiscal “stimulus”, drained all the rest. As of this week, the entire crude curve is once more contango-free; backwardation front to back.The physical markets have been able to fundamentally [...]

Vaccines and Senate Subsidies, Ls and Ks

By Jeffrey P. Snider|2020-12-02T19:15:41-05:00December 2nd, 2020|Commodities, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

In a sense, it’s being priced like a game of chicken. On the one side, there’s been vaccine-aphoria now combined with this week’s subsidy-mania driving narratives more than markets. Really not all that much higher in prices, certainly not anywhere in the neighborhood of the red-hot temperature of the rhetoric being used to describe these two particular developments. Oil’s up [...]

Oil’s Recurrent Re-Curving

Vaccines and Senate Subsidies, Ls and Ks

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