Thursday, October 10, 2024

WTI Jumps 4%; Up $2.60; Trading Again At $76 -- October 10, 2024

Locator: 48552MIDEAST.

Gasoline demand, link here. Sharp reversal; strong demand.

WTI: $75.85. Jumped 4% today; gained $2.60. Trading near $76 at the close. What happened? 

Netanyahu talking to a lame duck president. Link here.
President Biden "demanding......" Netanyahu likely doesn't like to be lectured ... Yom Kppur holiday begins Friday, tomorrow, October 11, 2024. Fireworks tonight? Next week? Netanyahu itchy to pull trigger. Biden doing everything to buy time hoping for a diplomatic breakthrough.
Israeli Defense Minister was supposed to be in DC this weekend for another meeting with US SecDef -- Netanyahu stopped that plane from departing even as it was on the tarmac? Link here.

For the archives, link here.


 Is it now or never or same ol', same ol'?

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