{"id":134798,"date":"2024-01-18T10:47:02","date_gmt":"2024-01-18T10:47:02","guid":{"rendered":"https:\/\/dailytalks.org\/?p=134798"},"modified":"2024-01-18T10:47:02","modified_gmt":"2024-01-18T10:47:02","slug":"what-caused-the-recent-drop-in-oil-prices-goldman-trader-chimes-in","status":"publish","type":"post","link":"https:\/\/dailytalks.org\/?p=134798","title":{"rendered":"What Caused the Recent Drop in Oil Prices? Goldman Trader Chimes In"},"content":{"rendered":"<p>Tons of questions on the weakness in Crude \u2013 Thoughts from our trading desk: believe the move is more of a &#8220;catch-up&#8221; to weaker physical markets as we moved past WTI options expiration yesterday &#038; as Middle East risk premium has now come out of the market in our view.Bigger picture: Margins have remained weak for a while OPEC continues to export Spreads &#038; DFLs have been signaling weaker fundamentals for several days now Brent breaking through the 200dma\u2026approaching oversold levels (RSI 32.7)\u2026 On the vol front&#8230;<br \/><a href=\"https:\/\/oilprice.com\/Energy\/Crude-Oil\/What-Caused-the-Recent-Drop-in-Oil-Prices-Goldman-Trader-Chimes-In.html\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tons of questions on the weakness in Crude \u2013 Thoughts from our trading desk: believe<\/p>\n","protected":false},"author":1,"featured_media":134799,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26],"tags":[],"class_list":["post-134798","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-lse-mrkt"],"featured_image_urls":{"full":["https:\/\/dailytalks.org\/wp-content\/uploads\/2024\/01\/134798-what-caused-the-recent-drop-in-oil-prices-goldman-trader-chimes-in.jpg",718,300,false],"thumbnail":["https:\/\/dailytalks.org\/wp-content\/uploads\/2024\/01\/134798-what-caused-the-recent-drop-in-oil-prices-goldman-trader-chimes-in-150x150.jpg",150,150,true],"medium":["https:\/\/dailytalks.org\/wp-content\/uploads\/2024\/01\/134798-what-caused-the-recent-drop-in-oil-prices-goldman-trader-chimes-in-300x125.jpg",300,125,true],"medium_large":["https:\/\/dailytalks.org\/wp-content\/uploads\/2024\/01\/134798-what-caused-the-recent-drop-in-oil-prices-goldman-trader-chimes-in.jpg",640,267,false],"large":["https:\/\/dailytalks.org\/wp-content\/uploads\/2024\/01\/134798-what-caused-the-recent-drop-in-oil-prices-goldman-trader-chimes-in.jpg",640,267,false],"1536x1536":["https:\/\/dailytalks.org\/wp-content\/uploads\/2024\/01\/134798-what-caused-the-recent-drop-in-oil-prices-goldman-trader-chimes-in.jpg",718,300,false],"2048x2048":["https:\/\/dailytalks.org\/wp-content\/uploads\/2024\/01\/134798-what-caused-the-recent-drop-in-oil-prices-goldman-trader-chimes-in.jpg",718,300,false],"chromenews-featured":["https:\/\/dailytalks.org\/wp-content\/uploads\/2024\/01\/134798-what-caused-the-recent-drop-in-oil-prices-goldman-trader-chimes-in.jpg",718,300,false],"chromenews-large":["https:\/\/dailytalks.org\/wp-content\/uploads\/2024\/01\/134798-what-caused-the-recent-drop-in-oil-prices-goldman-trader-chimes-in.jpg",718,300,false],"chromenews-medium":["https:\/\/dailytalks.org\/wp-content\/uploads\/2024\/01\/134798-what-caused-the-recent-drop-in-oil-prices-goldman-trader-chimes-in-590x300.jpg",590,300,true]},"author_info":{"display_name":"Jonathan Jeriah","author_link":"https:\/\/dailytalks.org\/?author=1"},"category_info":"<a href=\"https:\/\/dailytalks.org\/?cat=26\" rel=\"category\">London Market<\/a>","tag_info":"London Market","comment_count":"0","_links":{"self":[{"href":"https:\/\/dailytalks.org\/index.php?rest_route=\/wp\/v2\/posts\/134798","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailytalks.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailytalks.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailytalks.org\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dailytalks.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=134798"}],"version-history":[{"count":0,"href":"https:\/\/dailytalks.org\/index.php?rest_route=\/wp\/v2\/posts\/134798\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailytalks.org\/index.php?rest_route=\/wp\/v2\/media\/134799"}],"wp:attachment":[{"href":"https:\/\/dailytalks.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=134798"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailytalks.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=134798"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailytalks.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=134798"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}