WTI Holds Losses As US Distillates Stocks Reach 38-Year Highs

Oil prices are lower overnight after a surprisingly large crude inventory build reported by API. The energy complex was not helped by comments by President Trump that the COVID-19 outbreak in the U.S. will probably worsen before improving. “Everything seemed to rise in the commodity world yesterday as part of the reflation trade,” said Giovanni Staunovo, an analyst at UBS…

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Drain the Swap: Pedostein Kingpin Takedown Analysis

Evil is usually thought of as that which is morally wrong, sinful, or wicked; however, the word evil can also refer to anything that causes harm, with or without the moral dimension. The word is used both ways in the Bible. Anything that contradicts the holy nature of God is evil (see Psalm 51:4). On the flip side, any…

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