Mar. 21 at 1:30 PM
$WTI Up 2% after hours on Friday following options closing. Hedge banks likely made money again (on those
$3 calls) given the premiums... even with the
$3.10 close.
Perhaps now we'll see something "closer" to real market forces for a few weeks? April oil closed around
$98.21 on Friday, and May is currently sitting around
$98.10, so picking right back up on April.
Also:
- Fed futures put 30% chance of rate hike on potential 5% inflation forecasts.
- Trump says "easy" to open Hormuz, then tells countries they are on their own to do it. More doublespeak.
- Markets tanking on Friday as traders realize there is no easy solution to the shipping dilemma
- Gold down below 100 MDA
Not a good look for equities on Monday. But energy should be strong.
