Alex N

Love music, films, videogames, healthy and unhealthy food.
Always expecting nothing, but open to new opportunities and experiences to live

[Josh Young @JoshYoung]

Breaking: the oil market

[OilPrice.com @OilandEnergy]

That's another $3 wiped out in under 2 hours.

Saudi OSPs cuts to Asia were pretty much in line with expectations.

#OOTT

[Charlie Bilello @charliebilello]

The longest yield curve inversion in history has ended w/ the 10-yr Treasury yield (3.77%) now 1 bps above the 2-Yr yield (3.76%). Historically, the flip back to positive after a long inversion has occurred near the start of recessions.

Chart of the Day: https://t.co/kyQ66e2WAn

[OilPrice.com @OilandEnergy]

OPEC+ clearly didn't like that oil price crash...
https://t.co/ONX3oAbB1x

[The Kobeissi Letter @KobeissiLetter]

BREAKING: Food prices in the US reached a new all-time high in July.

Over the last decade, food prices at home and away from home are now up 30% and 51%, respectively.

Since 2020, food prices at home have increased 22% and food prices away from home are up 27%.

At the same time, transportation and housing have risen by 27% and 24%, respectively.

All as the US Dollar has lost nearly 25% of its purchasing power in just 4 years and wage growth has slowed.

Basic necessities have never been less affordable.

[Julianne Geiger @JuliOnTwtr]

API Inventory Moves

Crude -7.4 million
Gasoline -300,000
Distillates -400,000
Cushing -800,000

SPR +1.8 million

#OOTT #CrudeOil

[OilPrice.com @OilandEnergy]

Strategic Petroleum Reserve refill headlines coming up in 3...2...1

#OOTT

[Alex N @AlexNorx]

Yes, actually, they're the supplier's supplier

[Global Markets Investor @GlobalMktObserv]

NVIDIA'S LACK OF REVENUE DIVERSIFICATION IS STAGGERING:

45% of Nvidia's sales come just from 5 companies.

Microsoft accounts for 19% of revenues followed by Meta's 10%.

Alphabet, Amazon, and Tesla reflect 7%, 6%, and 3% of the chipmaker's turnover.

Will this be sustainable?

[Investing visuals @InvestingVisual]

Visa $V vs. Mastercard $MA 🥊👇
A side-by-side comparison of two high quality compounders

[Mason Hamilton🛢📊⛽️ @T_Mason_H]

Reshaping of the global oil market in one chart.

[Evan @StockMKTNewz]

Nvidia $NVDA CEO Jensen Huang will be on Bloomberg at 6:30PM ET on Wednesday following their earnings

[Anas Alhajji @anasalhajji]

😳Here is another climate change prophet sell out: Robert Kennedy!

From ban fracking to supporting Drill Baby Drill!

I told you, it has not been about climate change nor the environment! It is about money and influence!

#Oil #Trump

[Anas Alhajji @anasalhajji]

“So, in battery electric vehicles, fully electric vehicles, the Lithium-ion batteries in them are designed to perform ideally in 68 to 86 degrees,”

With temperatures exceeding 100 degrees, electric vehicle owners may see a 30% decrease in battery power."

[JH @CRUDEOIL231]

Morgan Stanley cut its Q4 2024 Brent crude forecast by $5/bbl and lowered its 2025 oil price forecast to the mid-$70s.

#oott #com

[Alex N @AlexNorx]

@anasalhajji What does it mean?

[JH @CRUDEOIL231]

Goldman Sachs warns that Brent crude could fall below $70/bbl if Chinese demand weakness persists. We're going to add a bear here.

#oott #com

[FinancialJuice @financialjuice]

🔴 FED'S BOWMAN: IT IS POSSIBLE THAT THE STRENGTH OF HIRING HAS BEEN OVERSTATED AND THAT RISE IN THE UNEMPLOYMENT RATE IS EXAGGERATING SIGNS OF COOLING.

[Alex N @AlexNorx]

Oh dear

[The Kobeissi Letter @KobeissiLetter]

BREAKING: Kamala Harris says she would raise the corporate tax rate to 28% if she is elected president.

The corporate tax rate has been 21% since 2018.

This would be the first hike in the corporate tax rate in over 40 years.

[Giovanni Staunovo🛢 @staunovo]

Busiest US Ports Absorb Import Surge Nearing Pandemic-Era Frenzy

LA-Long Beach post their third-highest import month on record

Companies are stocking up amid tariff, dockworker strike fears

https://t.co/GnnnB6mosX

[Giovanni Staunovo🛢 @staunovo]

Fed Chair Powell Steps Into the Spotlight at Jackson Hole

ECB and Fed publish minutes ahead of expected September cuts

Sweden likely to reduce rates, Turkey and South Korea to hold

https://t.co/utnlTiJZPk