Veterans Day! Gerry, Albert, Victor, Patrick, John and Ben, thank you for your service. The first four men, my wife's brothers, served (Patrick still serves) in the U.S. Army from the Vietnam era until today. John is their cousin and was a corpsman in Vietnam. Ben, our collective brother-in-law, was a Marine in Vietnam. I asked Ben what he did when the North Vietnamese attacked, he said hide in the fox hole. I once asked my friend Alan, a Marine door gunner in Vietnam, if he was ever in a helicopter crash and what did he do. He said he was in two crashes and both times he fainted. He said he was fortunate because the other door gunner died in those crashes.
There was no fainting nor crashes today in the oil markets. The continuing draw on inventory presages the end of contango in the market. Equities fell, the dollar rose and China is buying more oil and so crude went sideways while there were small decreases in products. There was not a lot of trading on this holiday.
Today, crude +15¢, $87.84; gasoline -0.45¢, $2.355; distillate -1.3¢, $2.426.
No comments:
Post a Comment