Energy Report
The complex saw see-saw trade about the unchanged mark today, settling mixed with crack spreads widening some. The US dollar index extended its rally today, likely weighing on oil futures prices, with the index hitting its strongest levels since July 24 at the highs. Trade in European equities likely also weighed, as the CAC 40 fell 0.7% and the DAX dropped 1.1% lower - although the FTSE 100 added 0.3%. Meanwhile, trade in US shares was supportive. Headline US durable goods orders for August disappointed, but details were encouraging. Read more
The complex saw see-saw trade about the unchanged mark today, settling mixed with crack spreads widening some. The US dollar index extended its rally today, likely weighing on oil futures prices, with the index hitting its strongest levels since July 24 at the highs. Trade in European equities likely also weighed, as the CAC 40 fell 0.7% and the DAX dropped 1.1% lower - although the FTSE 100 added 0.3%. Meanwhile, trade in US shares was supportive. Headline US durable goods orders for August disappointed, but details were encouraging. Read more