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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (115351)	11/9/2021 12:52:16 PM
From: Goose94	Read Replies (1) of 203362

Crude Oil: Pressure Mounts On Biden To Tap U.S. Oil Reserves The US’ standoff with OPEC has become the main talking point of this week - not only did Saudi Arabia rebuff Washington’s calls for more output, but it also hiked its December official selling prices way beyond market expectations. Whilst US crude inventories have reportedly risen for the third straight week, the pressure is now on the Biden Administration to consider further SPR releases. Meanwhile, jet cracks have bounced back to prominence on the back of travel restrictions being lifted globally (despite both Europe and Asia seeing case spikes), adding some unseasonal strength to middle distillates.

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