An interim high in oil prices

It all looks a bit heady. Oil prices should ease now. RBOB Gasoline is leading (its down 4% in last 2 days), Brent & Gasoil simultaneously went overbought and traded 2.5 std dev above its mean and LNG prices have gone parabolic and hit various extremes…….and whenever the media starts reporting about higher energy costs, petrol shortages and analysts increasing their oil targets to $100…..it’s probably adds up to being an interim high.

September 29, 2021

by Rob Zdravevski

rob@karriasset.com.au