Since this morning, markets have remained relatively calm ahead of the start of peace talks in Pakistan. This provides an opportunity to examine a slightly different instrument that may present trading interest during this period: the Norwegian krone (NOK). Norway’s economy maintains one of the most direct and transparent linkages between a sovereign currency and […]
WTI Slides to Key Support at $92.50
The two-week truce announced in the clashes between Iran and the U.S./Israel has immediately boosted equity markets and caused oil prices to decline sharply. At the time of writing, WTI crude oil is trading at $94.85 (-14.10%), while Brent is down to $93.18 (-10.18%). Both benchmarks are now well below last night’s settlement levels, which […]
Market Correlations: Oil, Gold, and Yields
On days when news flow moves the market in an abrupt and sudden way—and when it’s not unusual to see gold down -4.03% while UK Brent oil rises +7.80% (as happened this morning), following market reactions to a speech, a statement, or a newswire release—today we want to briefly show what we mean when we […]
Oil Supply Shock Signals Longer-Term Disruption
Yesterday, oil prices declined, with the Brent benchmark falling by 2.84% to $100.21 and WTI dropping by 5.27% to $93.50. Among other factors, this confirms our view from a few days ago—a renewed widening of the WTI–Brent spread toward $7 after reaching parity last Monday. However, the focus now shifts to broader supply dynamics. The […]
Brent Surges 29%, Spread with WTI Briefly Hits 0
This morning, Brent crude surged by 29%, reaching $119.50 per barrel, briefly matching the spread with WTI—typically positive—and bringing it close to zero. The intraday high for U.S. crude was $119.40. This shock start to the week adds to the gains recorded over the last five trading sessions, totaling 35%—the biggest gain in futures trading […]
