The impact of First Republic Bank deposits on Crude prices and caution urged in Mill margin trades due to tough market conditions
Into the Futures: The commodity derivatives podcast brought ... di Freight Investor Services
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The latest episode of "Freight Up" our freight and commodities market podcast provides more insights into the current state of the market, from our various desks. This week our correspondents offer updates on various commodities, including crude, oil, steel, ferrous and fertilizer. As always, they're offer our listeners analysis and advice to help traders make informed decisions.One key takeaway from the episode is that crude oil prices have dipped below $81 per barrel due to the impact of the First Republic Bank run. However, the API's weekly oil inventory report has provided some support, and traders should keep an eye on the market for any changes.Another important point discussed in the episode is that steel prices have dropped recently, with scrap markets down about 29.5-30 bucks since the start of the month and rebar's down 50. The fertilizer ...
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