Energy Prices (Daily Change)
| Up/Down | Price | Change | |
|---|---|---|---|
| Crude Oil | ↑ | 88.45 | +.69 |
| Heating Oil | ↑ | 3.8649 | +.1780 |
| RBOB Gasoline | ↑ | 2.6814 | +.0129 |
| Natural Gas | ↑ | 6.972 | +.042 |
All prices updated at end of day using CME settlements.
Yesterday’s rally unfolded as markets are in more of a sell-the-rally mode than buy-the-dip.
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Macro Energy
+US takes aim at OPEC for production cuts – WSJ
+US says ‘nothing off table’ in response to OPEC+ oil cuts – FT
+The battle for control of the global oil market – FT
Macro Economy
+Fed officials say stubborn inflation justifies continued rate increases – WSJ
+Fed’s Evans: rates headed to 4.5%-4.75% by spring 2023 – Reuters
+How a strong dollar affects international currencies and commodities – CME via II
Energy Transition
+Chile files charges against mining company for giant sinkhole – Reuters
+Munich RE tightens oil and gas policies – Reuters
The power sector is the tail that’s waving the economic dog. Learn more about the critical power sector with our Power 101 courses.
Other News
If the protests persist, the Islamic Republic will turn to its usual solution: “unrestrained violence against unarmed civilians to quash the protests this time around”
+Analysis: Braced to crush unrest, Iran’s rulers heed lessons of Shah’s fall – Reuters
+Iran student protests pose challenge to Raisi government – WSJ
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