Energy Prices (Daily Change)
| Up/Down | Price | Change | |
|---|---|---|---|
| Crude Oil | ↓ | 85.10 | -3.38 |
| Heating Oil | ↓ | 3.2052 | -.1737 |
| RBOB Gasoline | ↓ | 2.4287 | -.0958 |
| Natural Gas | ↓ | 8.324 | -.790 |
All prices updated at end of day using CME settlements.
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If yesterday’s rally was all about the potential railway strike, then today’s decline is all about the aversion of that event.
The potential shutdown of a major infrastructure category in the middle of an already-inflationary environment was good reason to be long. That reason has eased for now.
+US railroad strike averted as tentative deal is reached – WSJ
Macro Energy
+Shell pics gas veteran Sawan as CEO to lead transition – Reuters
Macro Economy
+US home mortgage rates surpass 6% for the first time since 2008 – FT
+The roller coaster ride ahead for the economy and investors – El-Erain – FT
Energy Transition
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
“We spent an inordinate amount of time on restroom design,”
+LaGuardia Airport is no longer the worst. This team fixed it. – WSJ
+The billionaire hedge fund manager disrupting NFL analytics – WSJ
