Al Arabiya filed oil touching $107 as the Middle East flareup heightened supply worries. [1] This paper already printed Brent holding above 100. A touch is not a close. Print both clocks. Do not average them.
A 107 print is not a closed Hormuz. It is not a ministry shutdown letter. It is not Friday's later oil print. Five sunk remains the U.S. hull count. Do not average five and ten.
One hundred seven is a touch on Thursday's flareup, not a settlement and not a closed strait this energy desk will print as fact.
Thursday is not a 108 print.
Print the touch. Print not a close. Leave a later barrel to the edition that owns a later barrel.
-- YOSEF STERN, Jerusalem