UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty 
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge 
2025 Market Outlook: Key January Events to Watch 
Energy Sector Outlook 2025: AI's Role and Market Dynamics 
Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings 
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures 
BTC Flat at $89,300 Despite $1.02B ETF Exodus — Buy the Dip Toward $107K? 
Amid the breaking news of Trump-Kim meeting that is likely to be scheduled in May, West Texas Intermediate (WTI) crude futures were edging up at $60.25 a barrel, up 13 cents, or 0.23%.
Although the front-month contract has sold off, the time spreads remain unchanged in the front month relative to the previous week. For WTI we still think 2H18 time spreads are still very strong and could weaken as US production rises in 2H18.
US PSM data update below shows normal growth from Feb/Mar’18 onwards in the absence of any unplanned outages. Front-month WTI-Brent spreads are at their strongest since August last year touching close to -$3/bbl on 1 Mar.
Trade-weighted dollar has strengthened by 0.3% recently, which is also likely to have contributed to some moves in commodity prices in general and oil prices in particular.
We stay long ICE Brent Jul’18 and short Jul’19 spread trade; long a Dec’18 NYMEX WTI Credit Call spread and long the Dec Brent $55-70 risk reversal.
FxWirePro launches Absolute Return Managed Program. For more details, visit:
