Full To The Gills
While this is how I felt last week on the Family Meal Plan at Walt Disney World, today’s entry is an observation on the inventory levels of natural gas and crude oil around the globe. There were two interesting research notes that outline the extent of inventory levels today and why we seem to be stuck in a trading range across the commodity complex. Also, this could explain why the global equity markets seem to have hit some overhead resistance over the past week. If we are swimming in crude and natural gas, how robust is the current economic recovery? …