The market is in flux, with Brent and RBOB channeling their inner Vincent Vega and Mia Wallace. Brent has got its bearish groove on, while RBOB’s cautiously strutting a bullish outlook, likely fueled by some refinery drama. Gasoil has seen continued downtrend as bearish speculators flood the dance flow, adding nearly 20mbbls. ETF flows don’t seem to be any more confident with mixed signals keeping the SCO rangebound whilst USO succumb to the institutional investors, as market mood would rather be risk off with the possibility of coming back in force when DJ OPEC comes back to town on Nov 26.
Subscribe to Onyx Insights to unlock this Research
Insights is the proprietary research arm of Onyx:
the #1 liquidity provider of oil futures
OR
