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Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data 
China's Refining Industry Faces Major Shakeup Amid Challenges 
Moldova Criticizes Russia Amid Transdniestria Energy Crisis 
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European Stocks Rally on Chinese Growth and Mining Merger Speculation 
China’s Growth Faces Structural Challenges Amid Doubts Over Data 
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Energy Sector Outlook 2025: AI's Role and Market Dynamics 
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes 
Bank of America Posts Strong Q4 2024 Results, Shares Rise 
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms 
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Urban studies: Doing research when every city is different 
WTI and Brent prices has diverged recently, with WTI extending losses of -1.45% from last 3 days (currently trading at $55.30 level), while Brent surged 2.01% so far in this week. WTI’s slumps came after reports show US diesel and gasoline stockpiles increased on the week.
Distillate supplies rose 2.6mil bbl in the week past, against expectations of a -0.3mil bbl reduction in a Bloomberg poll.
The spread between WTI and Dubai oil prices have shrunk to about $1/bbl, the tightest since April 2018. It is likely that any correction may have to come from WTI as high prices dampen demand for US crude exports.
Updates on crude oil derivatives trades: In crude oil segment, we initiated a risk reversal strategy by going long in Brent Dec’19 10D call versus short Dec’19 10D put. They also went tactically short Brent-Dubai Q3’19 swap spread due to mounting risks from Iran sanctions.
Hence, contemplating above developments, crude oil derivatives trades are advocated on hedging grounds: WTI crude directional hedge is advised, by maintaining shorts in CME WTI futures for August delivery for arresting downside risks in short-run, simultaneously, longs in CME WTI futures of September’2019 month deliveries.
