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Title : Khoshoggi Crisis? Hardly Looks That Way Based On Price Of Oil Today -- October 15, 2018
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Khoshoggi Crisis? Hardly Looks That Way Based On Price Of Oil Today -- October 15, 2018

I just started following "crudehead" over at twitter. Not sure where he/she stands on oil because I only just started following. Gist of recent posts:

• knows his/her stuff
• bullish on supply side (feels supply is a lot tighter than folks realize)
• says Saudi will shoot for 10.8 million in October, 2018; never been done before; that was back in late September; "crudehead" says price structure suggests traders don't buy into Saudi's talk
• bearish on demand side; recent talk that daily demand will rise 1.3 million bopd he/she says is very, very unlikely
• says if either supply side/demand side deviates from expectations, pricing can get very, very "messy" -- in either direction I assume

With Khashoggi crisis, what's oil doing today?

• Brent: down a half-percent, back below $80
• WTI: trending toward $70; down a third of a percent, trading at $71
• OPEC basket: huge drop -- dropped 2.5% and now trading at $80

Despite the oilprice.com headline: "Saudis lash out at US in complete deterioration of relations," it certainly doesn't look like that based on oil prices -- unless Saudi plans to retaliate by flooding market with oil.

Knowing President Trump, knowing diplomacy, and knowing oilprice.com, I have trouble accepting that there has been a complete deterioration in relations. I think somebody needs to get a grip.

More likely: "Gulf of Mexico oil and gas production rebounds after Hurricane Michael." -- also over at oilprice.com.

Movies:

• Tinker, Tailor: the interrogation scene
• "The Usual Suspects": Keyser Soze / Kobayashi
• life imitating art
• this, too, shall pass
• the Leslie Stahl interview: already forgotten

The Falling Cup Scene, The Usual Suspects

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The Sports Page

Our middle granddaughter lives and breathes soccer. Today she was fortunate enough to be in attendance to see the US women's soccer team qualify for the 2019 World Cup.

The sports story is at this link. From the link:

FRISCO, Texas—The U.S. Women’s Soccer team is in.

The Americans beat Jamaica 6-0 in a semifinal game of the Concacaf Women’s Championship on Sunday night at Toyota Stadium, clinching a spot in the 2019 Women’s World Cup in France. The top three teams in the Concacaf tournament qualify under the rules of the Confederation of North, Central American and Caribbean Association Football.

This will be the U.S. women’s eighth World Cup. They’ve never missed one, and they’re the defending champions. The tournament draw is Dec. 8, and play kicks off June 7 in Paris.

Dallas Cowboys World Headquarters and stadium is also up in Frisco. 

https://ift.tt/2dZyQXu

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