Blue Lacy Advisors, LLC, - Mid-October Crude Oil Market Highlights

Minneapolis, MN | October 19, 2022 | By: Steve Sinos, Blue Lacy Advisors, LLC

1. Headlines use the language of fundamentals, but the reality is more about politics.

2. Regional competition for refined products and seasonal pressures are generally supportive of prices, despite persistent economic pessimism.

3. Volatility skews are tilted to the upside, meaning traders are likely preparing for a jump in prices amidst uncertainty. This is particularly true for seasonally sensitive commodities like heating oil. Please reference the chart below.

*This summary is based off October 9, 2022

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Meet the Author!

Steve Sinos, Blue Lacy Advisors, LLC

Email: Sinos@bluelacyllc.com

Phone: +1-832-413-3124

Website: www.bluelacyllc.com

Steve has spent his career in strategy, risk, trading, and investment. He works with investors to source investments in opportunistic or high growth sectors, with particular interest in early-stage companies solving clearly defined problems.

He is currently a Managing Partner with Blue Lacy Advisors LLC, giving management teams and investors confidence in their decision making by supporting strategic planning and execution, risk management, commodity trading, and market analysis.