Economy

Friday's 108 Print Is Not a New Deal

TL;DR

Friday's FT file has oil around 108 ahead of Gulf-Iran talks; Saturday has no corridor and no new close.

MSM Perspective

The FT filed 108 ahead of talks, not a deal. Saturday's BRICS line is not a price.

X Perspective

War feeds treat 108 as a restored strait premium.

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.
The desk prints what Saturday gave it; Saturday gave no oil deal.

Saturday is not a new oil close.
Triple-digit prints concentrate minds in consuming capitals and producing ones alike. Friday's 108 did both. Saturday watches whether it holds or fades.

Watching is Saturday's oil journalism: no close, no deal, only the tape. The tape flickers. Friday's number stands.

Friday's 108 still stands; Saturday gave no deal. Consuming capitals watched. Producing ones watched too.

Saturday watches whether Friday's 108 holds or fades. No close, no deal. The tape flickers.

Friday's FT tape around 108 is still Friday's print, not a Saturday settlement. Muscat has not hosted a ministerial this desk can call a deal. Saturday's energy copy added no close. A Hormuz corridor remains uninvented.
Saturday's energy copy added no close. A Hormuz corridor remains uninvented. Muscat is still a table, not a deal.

Saturday's energy copy added no close. A Hormuz corridor remains uninvented. Saturday's energy copy added no close.

-- THEO KAPLAN, San Francisco

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