Written Commentary
Sean Barry 2025 ChicagoCIO ORBIE Finalist
February 6, 2025
Market Update
- Market steady as it considers the impact of the delta variant in southeast Asia. As Europe and the USA continue to grow demand for oil, southeast Asia and particularly China look to be slowing. China reducing airline flights yesterday.
- DOE data largely supportive of the API data released the day before and came in largely as expected, giving little impact to the market.
- In the background the Iranian situation continues with the appointment of the new oil minister, however talks on the nuclear deal seem far away from any agreement currently
- Steady brent spreads and steadier dollar offering the opportunity for the market to settle.
Oil Data Release
Natural Gas Exp 48 Prev 13
Macrol Data Release
Jobless Claims Exp 375k prev 385k
PPI Final Demand MoM Exp 0.6% Prev 1.0%
Contact the ADMISI Energy Desk
Marco Saggese, Sharon Mitchell, Tony Scuderi
Phone: +44 (0)20 7716 8550 Email: energy.desk@admisi.com
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A subsidiary of Archer Daniels Midland Company. © 2021 ADM Investor Services International Limited.
Risk Warning: Investments in Equities, Contracts for Difference (CFDs) in any instrument, Futures, Options, Derivatives and Foreign Exchange can fluctuate in value. Investors should therefore be aware that they may not realise the initial amount invested and may incur additional liabilities. These investments may be subject to above average financial risk of loss. Investors should consider their financial circumstances, investment experience and if it is appropriate to invest. If necessary, seek independent financial advice.
ADM Investor Services International Limited, registered in England No. 2547805, is authorised and regulated by the Financial Conduct Authority [FRN 148474] and is a member of the London Stock Exchange. Registered office: 3rd Floor, The Minster Building, 21 Mincing Lane, London EC3R 7AG.
A subsidiary of Archer Daniels Midland Company.
© 2025 ADM Investor Services International Limited.
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