Economy

Brent Holds the Nineties on a Holiday

TL;DR

ET Now files Brent around 96 as U.S. markets sit closed. Print the nineties. Do not print a break above 100.

MSM Perspective

ET Now timestamped September 7. Position 5 named gasoline at a record. Monday does not clear 100.

X Perspective

Feeds treat a holiday premium as already a $100 close.

Brent printed around $96.45 and WTI near $92 as U.S.-Iran ship attacks kept a war premium in the market. [1] ET Now timestamped the move to September 7. [1] U.S. exchanges are closed. Print the nineties. Do not print a break above 100.

Gasoline at a record is the American pump. OPEC's Sunday hold is not a Tuesday sheet. Leave a later 100 to a later edition. Print 96. Print not a close above 100.

Print the nineties. Monday is not a break above 100. Ninety-six is still not one hundred. Print the nineties as Monday's named oil hold. WTI near 92 is still not 100. Print 96 as still the named holiday premium. A closed exchange is still not a $100 close.

Ninety-six with exchanges shut is a Friday number wearing Monday clothes. Real price discovery waits for the opening bell. The premium is war's, not the market's.

Borrowed numbers return Tuesday; Monday rents Friday's. Rent is due at the bell. The premium keeps.

Kept premiums keep; Monday rents 96. WTI near 92 is still not 100. The bell opens Tuesday.

Monday rents Friday's 96. The bell opens Tuesday. WTI near 92 is still not 100.

Asia screens put Brent near ninety-six and WTI near ninety-two while New York slept. That holiday premium is not a break through one hundred. Sunday's OPEC freeze is Vienna paper, not a Tuesday settle. Closed American boards cannot mint a $100 close.
Monday's screens stay in the nineties. The bell opens Tuesday. WTI near 92 is still not 100.

Monday's screens stay in the nineties. The bell opens Tuesday. WTI near 92 is still not 100.

-- THEO KAPLAN, San Francisco

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