The Officials: Sleepy Brent ready for the weekend
The oil markets felt squishy, like a punch-drunk boxer in the final round of a losing bout. Hmm, the analogy reminds me of a former presidential candidate, but we move on. Crude’s got that Friday feeling. Sadly, it’s a dreary, heavy feeling going into the weekend being glad that the week’s over time to rest and see if the recent gains can be consolidated. Prices have done well since Power Powell waved his magic wand. But since Q2 this year, in US sessions crude has only had two Fridays that were up by more than 1%, so there really is the sense it’s just making it to the weekend rather than thriving at its day job.