U.S. markets reopened with Brent approaching 100 without a clean print above it. [1] Reuters listed bypass routes, non-OPEC supply, and Chinese demand destruction as the buffer. [1] Diesel remains the painful American product on that buffer. Print the approach. Do not print a break that did not happen.
Monday this paper printed Labor Day gasoline at a record. Tuesday the ceiling still holds. Leave a later clearing to Wednesday. Five hulls belong to a later clock if later copy names them.
Print diesel. Tuesday is not a break above 100. A pump complaint is still not a close. Leave Wednesday's 100 to Wednesday. Print the approach as the named Tuesday diesel hold. Labor Day gasoline was Monday's pump. Tuesday's crude still has a ceiling.
-- THEO KAPLAN, San Francisco