Will We Hit $81 In The Morning -- Sunday Night -- October 10, 2021

WTI: now trading at $80.87, Sunday night, 10:32 p.m. CT. Link here. 

• Brent crude: $83.62
  

GasBuddy: gas prices in Canada have now set a new all-time record high, breaking the old record of 142.9 c/L in 2008. Canadian gasoline is now 143.7 c/L. 

• one US gallon = 3.78541 liters
• 543.963 cents / US gallon
• 5.44 Canadian dollars = $4.35 / US gallon
  

Cost of renewable energy: Europeans and Americans are beginning to see the results of depending on renewable energy. 

This will be fascinating to watch play out. The interesting thing: all this interest / fascination with $80-oil when we've been here before and analysts think it is yet to go higher.

Futures, Sunday night, 8:38 p.m. CT. Link here.

• Dow: down 58 points; about 0.2% -- most likely doing better than S&P and Nasdaq due to oil;
• S&P: down 17 points, about 0.4%;
• Nasdaq: down 126 points, almost a percent;

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Covid-19 Therapy Randomized Trial

Finally.

A randomized trial sponsored by University of Minnesota, others. Link here.

The study is 14 days of taking the study drugs or placebo pills twice per day. All of these medications are FDA-approved for both adults and children.
You are randomly assigned to 1 of 6 possible treatment groups:

• Metformin (*immediate release)
• Ivermectin
• Fluvoxamine
• Fluvoxamine + Metformin*
• Ivermectin + Metformin*
• Placebo

*There is an FDA recall of metformin extended release, but not immediate release (the kind used in this study). The recall has to do with a substance in the water purification process, not the metformin itself. Ivermectin treatment is only for 3 days, not 14 days.