Is this confusing discrepancy between the paper and physical markets along with contradictory macro themes the kind of thing that happens at inflection points?
Good question. I don't know. But I can certainly see some of the grades selling above spot for refinery delivery. Do WTI barrels catch a bid? Again, I don't know. I can make an argument that they should.
West Texas WAHA hub natural gas prices continues to bounce negative so there's added cost to produce those barrels
It’s enough to make one crazy…
Exasperated with jet fuel inventories among other things
It's important to note the scale on jet fuel. Fewer of these product barrels are kept in storage due to oxidation, corrosion and contamination risk
Is this confusing discrepancy between the paper and physical markets along with contradictory macro themes the kind of thing that happens at inflection points?
Good question. I don't know. But I can certainly see some of the grades selling above spot for refinery delivery. Do WTI barrels catch a bid? Again, I don't know. I can make an argument that they should.
West Texas WAHA hub natural gas prices continues to bounce negative so there's added cost to produce those barrels