GLOBAL MOVES

Rushing the Extraction

Rushing the Extraction

Mexico and Washington are racing to a deal before 3 November. A deal negotiated against a clock gets priced by the clock, and both sides know who is holding it.

A Price With a Date On It

A Price With a Date On It

A vessel was struck in the Strait of Hormuz on Saturday. The President says oil will tumble after the midterms. One of those is an event and one is a forecast.

Somebody Else’s Barrel

Somebody Else’s Barrel

Indian equities fell for a fifth straight week on a barrel India does not produce and a rate India does not set. Import dependence is a business model, not a misfortune.