Your Editor spoke at length with Josh Linville from StoneX a few weeks ago. Click here to listen to that conversation. Here, I present a lightning round update from a Friday afternoon epi...
As global demand is surging, global supply is falling... and then there is the dollar. The dollar index hit the lowest level since September and the Euro surged to a three-year high that may inspire risk-on buying in oil and other commodities.
WTI crude oil is currently overbought suggesting pending technical selling. But demand for home heat will have to ease if heating oil futures are to pull near-term farm diesel prices lower.