U.S. markets reopened after Labor Day with Brent approaching 100 without a clean print above it in the Reuters question of the day. [1] Monday this paper had Brent in the nineties on a closed exchange. Tuesday the number still has a ceiling.
Reuters listed bypass routes, non-OPEC supply, and Chinese demand destruction as the reasons the war premium has not done the round number. [1] A question is not a forecast. A buffer is not peace.
Print the approach. Do not print a break that did not happen. Tuesday's named Reuters file is a question, not a close above 100. Leave a later clearing to the edition that owns a later clearing. Five hulls and a Jordan strike belong to a later clock if later copy names them. A buffer of bypass routes is not peace.
Print the approach. Tuesday is not a break above 100. Approaches tease; breaks confirm. Tuesday's tape teases. Wednesday decides.
Teased tapes tease; Tuesday's teases. Teasing is the approach. Confirmation comes Wednesday.
Tuesday's tape is not a break above 100. Five hulls belong to a later clock. A bypass buffer is not peace. Confirmation hasn't printed.
Holiday reopen left Brent short of the round number. Reuters asked why the war premium stalled short of 100. Non-OPEC supply is one listed reason among others. A close above the ceiling is not in this tape.
Confirmation hasn't printed. Tuesday's tape still sits short of 100. The war premium stalled.
Confirmation hasn't printed. Tuesday's tape still sits short of 100. Tuesday's close is not above 100.
Confirmation hasn't printed. Tuesday's tape still sits short of 100. Tuesday's close is not above 100.
-- THEO KAPLAN, San Francisco