Ole S Hansen

Ole S Hansen

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Head of Commodity Strategy @SaxoBank and a regular contributor to both broadcast and print media. Broad focus, but mostly #gold #silver #copper #oil & #grains

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Someone in the WTI futures market appears to have concluded that the Iran war ended yesterday, while forgetting to inform the refined product market which continues to tighten. WTI is down 3.6%, Brent off just 1.1% lifting the WTI discount to around $8 per barrel, while the 3-2-1 crack spread is heading higher

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