Searching for Signals. | S6 E34

World of Oil Derivatives

English - July 09, 2024 16:00 - 41 minutes - 28.5 MB - ★★★★★ - 1 rating
Investing Business News Business News financial services oil commodities hedge fund Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed

Previous Episode: Macro Mondays | Impact of Elections in the UK and France

Next Episode: Macro Mondays | The Impact of Trump’s Attempted Assassination on the Market

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 manufacturing and services PMI, raises recession fears. The upcoming Fed rate cuts, if implemented in September, may have little impact until 2025.

The team also discusses Hurricane Beryl's impact on US energy infrastructure and challenges facing the biofuels industry with stalling growth and collapsing profitability.

If you would like to connect with any of our hosts on LinkedIn, please click on the hyperlinks below:

Greg Newman: https://www.linkedin.com/in/oilderivatives/

James Brodie: https://www.linkedin.com/in/jamesbrodiecmt/

Martha Dowding: https://www.linkedin.com/in/martha-dowding-ab84801a6/

Vincent Wu: https://www.linkedin.com/in/vincent-wu-099816125/

Chapters for this episode are:
0.42 - Brent Futures Flat Price
4.14 - Macro Economic News
7.35 - Refinery Margin change
14.45 - One to watch
28.29 - Googling Oil
35.21 - Trade Idea
39.41 - Poll