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But we saved everything 🙂.
Tanker movements increase in Strait as oil slips under $90, Brian Sullivan notes
Brian Sullivan observes that tanker traffic has been increasing in the Strait, while oil prices have dropped below $90.
He adds that shipowners’ actions are being closely followed, as they are seen to have significant insight into market dynamics. Sullivan is preparing to interview the Energy Secretary on topics such as Iran, oil, energy, and data centers.
Sullivan previously noted that oil prices have increased on recent news but are still trading about $15 below their levels from two weeks earlier, according to a prior report. He has also observed the S&P 500 approaching a 41-year-old record of 10 consecutive winning weeks, coming within 0.04% of the milestone as highlighted in another recent update. These observations come as market participants watch for signals from both equity and commodity trends.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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