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  • Which Is Headed Higher: Gold or Oil? [View article]
    Blew the Oil inventory call but the increase was much lower than expected. What really hurt was the unexpected extremely large rise in refined products, esp. heating oil.

    The spread between WTI and Brent is now around $8+.
    Even the Heavier grades basket in the Gulf States costs more.

    Is Demand Destruction really that bad here or is oil overseas higher because of the Russia/Ukraine dispute?

    any ideas?
    Jan 15 02:02 am |Rating: 0 -2
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