Friday, October 13, 2023

WTI Update -- October 13, 2023

Locator: 45766WTI.

Conflicting stories why oil has surged.

Comment: some analysts are overthinking this.

A new world order: Saudi Arabia and Iran have made "their" first phone call in decades.

USA seen in weakest situation since WWII.

A window of opportunity.

WTI

  • up 5.66%
  • up $4.69 / bbl
  • trading at $87.60

The breaking point: Rod Stewart turning down the Saudis.

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