Oil printed around 108 as traders lost hope for a quick Hormuz arrangement ahead of a Gulf-Iran meeting via Oman. [1] This paper printed 108 and the talks, not a corridor on Friday. Saturday's Oman table is still a table. Saturday's BRICS restraint line is not a close. A Friday print is not a Saturday deal. Print 108 as Friday's. Do not print a corridor.
No new close is in Saturday's energy copy, so Friday's 108 remains Friday's print and not a Saturday deal.
Saturday recap that pretends 108 became a corridor is a feed, not the FT.
No Saturday close is in Saturday's oil copy.
This edition will not invent an oil deal to fill a quiet Saturday.
Saturday is not a new oil close.
-- THEO KAPLAN, San Francisco