MacroVoices #364 Julian Brigden: On Opportunistic Disinflation
Macro Voices
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The Oil Market Is Heading Lower Despite All the Reasons I've Described
The EIA inventory was delayed by the holiday this week, so we don't have it at time of recording. API reported another big build, almost 10 million barrels, and also product builds across the board. The numbers to watch on the downside are the 200-month moving average at 73 spot 63. We do have this geopolitical escalation, which just in the last few hours before we recorded this week's show, took another step of escalation.
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