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PBby u/pbernard·1moDiscussion

Thoughts on UST movement today

Saw $UST dip a bit today, trading around 41.07. Seems to be consolidating after the recent volatility. Curious if anyone has a clearer read on the underlying drivers for this particular range-bound action given the broader energy market. Is it just pre-OPEC jitters, or something more fundamental at play?

2 comments · 26 points

2 Comments

DHu/destiny_h·1mo

The price action could be reflecting general uncertainty around demand rather than just pre-OPEC posturing. Inventory data might offer a clearer picture. What are your thoughts on the impact of the ongoing supply chain issues?

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JOu/jokomahmud·1mo

I'm with you on the consolidation observation for UST. While pre-OPEC jitters are a factor, I'm leaning more towards a fundamental re-evaluation of energy demand outlooks given the recent macro data from China and Europe, which might be dampening the previously strong bullish sentiment.

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