West Texas Intermediate Crude oil just fell below $44. And The Fed’s 5 year forward breakeven inflation rate keeps falling with WTI crude oil prices. 10 more words
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West Texas Intermediate crude futures prices just broke through the $45 barrier down to $44.26. At the same time, the 10Y -2Y yield curve slope broke down to 126.75, less than half of what it was on January 1, 2014. 35 more words
Gasoil rises to $478.25 with feb/jun contango widening slightly to $7.5/mt. BOGO drops to $202/mt and POGO now showing $125/mt or $77/mt spread. Physical side olein vs bean oil showing $50/mt spread Fob to Fob. FAME premium in EU rising to +285 while carry to Mar now showing almost $10/mt. RME trading at $40/mt premium to FAME. Brent/WTI widening to 3.55/bbl while Euro rises to 1.1339 and $ index drops to 94.14Market Information
You can buy twenty eight barrels of oil with an ounce of gold today. Thus sprach the market.
Here’s the gold-oil ratio since 1946. The market’s such a waffler, it should think before it spraches.
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