$SPR

Il consigliere per l'energia della Casa Bianca Hochstein: Siamo in trattativa con i paesi OPEC che hanno capacità. Potremo rivalutare altri rilasci di SPR dopo ottobre.

Il segretario al Tesoro degli Stati Uniti Yellen: Biden sostiene misure legislative che potrebbero abbassare l'inflazione. I prezzi dell'energia sarebbero maggiori senza il rilascio di SPR. I produttori di petrolio hanno ora incentivi per aumentare la produzione. La produzione di petrolio negli Stati Uniti è diminuita durante la pandemia perché i produttori non prevedevano un aumento della domanda o la forza della ripresa. Gli Stati Uniti stanno effettivamente esportando petrolio, ma i mercati petroliferi sono soggetti a influenze geopolitiche. È praticamente impossibile isolarsi dagli shock sui mercati petroliferi, come quelli causati dalla guerra russa in Ucraina.

**Le scorte di greggio statunitensi in SPR sono scese la scorsa settimana al minimo dal giugno 1987 - EIA.**

By Isabel Kua SINGAPORE (Reuters) - Oil prices inched lower on Tuesday as Hungary resisted a European Union push for a ban on Russian oil imports, a move that would tighten global supply, with investors taking profits on a recent rally. Brent crude futures fell 11 cents, or 0.1%, to $114.13 a barrel by 0602 GMT, and U.S. West Texas Intermediate (WTI) crude futures slid 22 cents, or 0.2%, to $113.98 a barrel. Both benchmarks gained more than 2% on Monday, following a 4% jump on Friday. EU foreign ministers failed on Monday in their effort to pressure Budapest to lift its veto of a proposed oil embargo on Russia following the country's invasion of Ukraine. An embargo would require approval from all EU nations. On the supply side, U.S. producers are ramping up in order to replenish inventories that have dwindled in the wake of Russia's war on Ukraine - which Moscow calls "a special military operation" - and recovery from the COVID-19 pandemic. Oil output in the Permian Basin in Texas and New Mexico, the biggest U.S. shale oil producer, is due to rise 88,000 barrels per day (bpd) to a record 5.219 million bpd in June, the U.S. Energy Information Administration (EIA) said on Monday. Still, overall sentiment on prices remained bullish amid optimism about demand recovery in China as it looks to ease COVID restrictions that have hurt its economy, analysts said. "All supply data suggest dips will be shallow despite potential demand destruction from China's lockdown but even in that view, we are seeing the light at the end of the lockdown tunnel trade," said Stephen Innes, managing partner at SPI Asset Management, in a note. Shanghai on Tuesday achieved the long-awaited milestone of three consecutive days with no new COVID-19 cases outside quarantine zones and set out on Monday its clearest timetable yet for exiting a lockdown now in its seventh week. Further supporting prices was the "intensifying geopolitical tension" between EU and Russia as Sweden and Finland seek to join NATO, CMC Markets analyst Tina Teng said. "This could cause a retaliation action by Russia to further cut gas supply," she added. Stockpiles in the Strategic Petroleum Reserve (SPR) fell to 538 million barrels, the lowest since 1987, data from the U.S. Department of Energy showed on Monday, underlining tight supply.

https://www.cnn.com/2022/05/05/energy/spr-biden/index.html

**Le scorte di greggio USA in SPR sono scese la scorsa settimana al minimo da dicembre 2001 - EIA.**

Le scorte di greggio SPR negli Stati Uniti sono scese la scorsa settimana ai minimi dal febbraio 2002 - EIA. Le scorte di distillati statunitensi sono scese la scorsa settimana al livello più basso da maggio 2008 - EIA. Le esportazioni di greggio statunitensi la scorsa settimana sono salite ai massimi da marzo 2020 - EIA.

**DATI MACRO** STATI UNITI **Inventari di petrolio greggio EIA USA effettivi 9,382 milioni (previsione 1 milione, precedente 2,421 milioni)** Inventari di benzina EIA USA effettivi -3,648 milioni (previsione -0,6 milioni, precedente -2,041 milioni) Inventari di distillati US EIA effettivi -2,902 milioni (previsione -0,416 milioni, precedente 0,771 milioni) EIA: le importazioni di greggio USA dalla Russia rimangono a zero per la seconda settimana consecutiva. Le scorte di greggio statunitensi in SPR la scorsa settimana sono scese ai minimi da marzo 2002.

**GUERRA IN UCRAINA** (News della sera) La Germania intende nazionalizzare le unità tedesche di Gazprom e Rosneft. - Handelsblatt. Presidenza Turca: il Presidente turco Erdogan e il Presidente ucraino Zelensky hanno parlato VIA telefono. Il presidente della Turchia Erdogan: In una telefonata con Zelenskiy, ho affermato che i negoziati di Istanbul hanno fornito un notevole impulso allo sforzo di pace. Il presidente ucraino Zelensky: dopo aver parlato con il presidente turco Erdogan, sono grato che la Turchia sia disposta a fungere da garante della sicurezza nei colloqui di pace. La situazione nel sud dell'Ucraina e nella regione del Donbass rimane estremamente difficile. Biden: La guerra di Putin sta imponendo un costo all'America e ai suoi alleati. Immaginiamo se l'Europa non dovesse dipendere dal petrolio russo. Il problema dei costi dei carburanti è radicato nella pandemia e nella guerra in Ucraina. E' necessario un aumento dell'offerta di petrolio. Alcune aziende non vogliono aumentare l'offerta. Questo non è il momento per le compagnie petrolifere di adagiarsi su profitti record. Nessuna azienda dovrebbe trarre vantaggio dai problemi del COVID o dalla guerra di Putin. Le aziende con pozzi inattivi o contratti di locazione sottoutilizzati dovranno iniziare a produrre o subire una sanzione. **Sto per approvare il rilascio di 1 milione di BDP dalle riserve.** Nel lungo termine, dobbiamo essere indipendenti sul fronte energia. Desidero che il Congresso sostenga il piano per accelerare la transizione verso l'energia pulita prodotta in America. Sto usando i poteri di produzione della difesa per le batterie. Stiamo definendo nuovi standard per aumentare il risparmio di carburante. È una questione aperta quanto Putin sia fuorviato dai suoi consiglieri. Gli alleati potrebbero rilasciare 30-50 milioni di barili. Il rilascio SPR potrebbe tagliare il prezzo dei carburanti da 10 a 35 centesimi al gallone, dipende anche da quanto petrolio rilasciano gli alleati. Banca centrale russa: venerdì (domani) le negoziazioni alla borsa di Mosca continueranno allo stesso modo di giovedì (oggi). GazpromBank russa: forniremo condizioni per pagamenti convenienti per il gas russo in rubli - Tass. Abbiamo la tecnologia e l'esperienza giuste per attuare in modo rapido e competente la direttiva del governo sulla transizione ai rubli per i pagamenti del gas - RIA. Le attuali riserve di gas dell'Italia permetterebbero all'attività economica di continuare anche se le forniture di gas russo venissero improvvisamente interrotte - Ministro. Il portavoce del Dipartimento della Difesa degli Stati Uniti Kirby: Intendiamo fare tutto il possibile per garantire il successo dell'Ucraina. Vogliamo che tutti i confini dell'Ucraina siano rispettati e restino come erano prima della guerra. Sembra che la Russia stia cercando di prendere l'intero Donbass. Non è chiaro, a questo punto, se il convoglio russo diretto a Kiev esista ancora. Parte delle truppe russe potrebbero riparare in Bielorussia, per poi, probabilmente, rientrare in Ucraina. Il primo ministro canadese Trudeau: Non può essere "tutto normale" con il presidente russo Vladimir Putin seduto al tavolo del G-20. Ministero delle Finanze russo: abbiamo adempiuto integralmente ai nostri obblighi sui pagamenti degli Eurobond 2030. La Bank of New York di Mellon ha ricevuto 329,2 milioni di dollari per il pagamento di cedole e il rimborso parziale di Eurobond 2030. AIEA: Siamo in stretto dialogo con l'Ucraina per dispiegare la prima missione di aiuto e supporto a Chernobyl nei prossimi giorni. Venerdì (domani), il Direttore Generale dell'AIEA Grossi tornerà alla sede di Vienna e terrà una conferenza stampa nel tardo pomeriggio. Ministero della Difesa russo: domani, 1 aprile, apriremo il corridoio umanitario da Mariupol a Zaporizhzhia, come richiesto dai leader tedeschi e francesi a Putin - Tass. Dipartimento di Stato USA: la richiesta di Putin che i pagamenti del gas avvengano in rubli è un'altra indicazione della disperazione economica della Russia. Gli Stati Uniti non riconosceranno, in nessun modo, i risultati del tentativo della Russia e/o dei suoi delegati per dividere il territorio georgiano sovrano. Nei colloqui sul nucleare restano ancora un piccolo numero di questioni in sospeso, l'onere di prendere tali decisioni spetta all'Iran. Il Ministero dell'Energia Atomica ucraino cita il personale di Chernobyl dicendo che non ci sono estranei sul territorio della centrale. Consigliere della Casa Bianca Deese: La portata e la durata attuali del rilascio di petrolio dalle riserve strategiche -SPR- non ha precedenti. Il rilascio di 1 milione di barili al giorno rientra ampiamente nei limiti operativi. Poiché il prezzo del petrolio sale, è importante sostenere i consumatori. Il Vice Tesoro degli Stati Uniti Sez. Adeyemo è in Belgio per discute le sanzioni russe con gli alleati. Ufficio del premier Draghi: Draghi e il cancelliere tedesco Scholz hanno concordato, nel corso di una telefonata, circa l'importanza di mantenere le sanzioni contro la Russia, le quali si stanno rivelando molto efficaci. Casa Bianca: nei prossimi giorni, il dipartimento del commercio adotterà ulteriori azioni contro la Russia. Il dipartimento del commercio aggiungerà ulteriori entità, in Russia e Bielorussia, all'elenco delle entità sotto sanzione. Disponiamo di prove incontrovertibili che la guerra è un disastro strategico per la Russia. Stiamo assistendo a un sostegno artificiale del rublo da parte della banca centrale e del governo. Casa Bianca Direttore Bedingfield: La quotazione del rublo non è più da ritenere un sistema di misurazione affidabile dell'economia russa. Al momento non ci sono piani di colloquio tra Biden e Putin. L'esenzione dalla tassa sul gas non è fuori discussione. Goldman Sachs: Il modello economico generale non mostra quasi nessuna possibilità di recessione nei prossimi 12 mesi, con una probabilità di recessione del 38% nel prossimo anno. Hoyer, leader della maggioranza alla Camera dei Democratici USA: le compagnie petrolifere titolari di contratti di locazione, dovrebbero produrre, perforare pozzi o pagare una sanzione. Il Regno Unito ha esortato l'Ucraina a non cedere alle pressioni per anticipare un accordo frettoloso - The Times.

1 Million per day > @ivtrades-Chris said: I see Biden et al getting ready to release tons of oil from the SPR in one go...... that is long term bullish for oil

after the SPR runs out and they have to replace it, there will be a major spike

I see Biden et al getting ready to release tons of oil from the SPR in one go...... that is long term bullish for oil

By Florence Tan and Isabel Kua SINGAPORE (Reuters) -Oil prices plunged more than $5 a barrel on Thursday on news the United States was considering the release of up to 180 million barrels from its strategic petroleum reserve, the largest in the near 50-year history of the SPR. Brent futures for May fell $5.47, or 4.8%, to $107.98 a barrel at 0608 GMT. The May contract expires on Thursday and the most actively traded June futures were down $5.26 to $106.18. U.S. West Texas Intermediate futures for May delivery fell $6.23, or 5.8%, to $101.59 a barrel after earlier slipping to a low of $100.85. U.S. President Joe Biden will give remarks later on Thursday regarding his administration's actions aimed at lowering gasoline prices that have risen to records following Russia's invasion of Ukraine. "If it turns out to be as much as that, it would be significant and so would certainly help to a certain extent to fill the shortfall, but not all of it," said Warren Patterson, head of commodities strategy at ING, referring to the 180 million barrels figure. "Another key question is whether this volume would be part of a wider coordinated release." International Energy Agency (IEA) member countries are set to meet on Friday at 1200 GMT to decide on a collective oil release, a spokesperson for New Zealand's energy minister said on Thursday. News of the potential U.S. oil release overshadowed a meeting set for later on Thursday between the Organization of the Petroleum Exporting Countries (OPEC) and their allies including Russia. The group known as OPEC+ is expected to stick to its deal to gradually increase oil production. The U.S. oil release may be effective in reducing wild volatility and curtail sharp uptrend movements, but with OPEC+ still unwilling to uphold production, prices need a long-term solution, said Avtar Sandu, a commodities manager from Phillip Futures. Oil settled up around 3% on Wednesday amid supply concerns as peace talks to end the war between Russia, which calls its actions a "special operation", and Ukraine have stalled. Russia is the world's second-largest oil exporter and sanctions imposed as punishment for the invasion have disrupted flows from the country. In early March, the Biden administration said it would sell 30 million barrels from the strategic reserves as part of a global release of 60 million barrels to lower prices. In November, the United States announced a plan to release 50 million barrels from the SPR, mostly through exchanges where the buyer agrees to replace the oil later. "I guess we need to also see if this would be a straightforward release or an exchange," ING's Patterson said. The release comes as U.S. commercial oil inventories fell by 3.4 million barrels in the week to March 25, surpassing forecasts of a 1 million barrel drop. At the same time, implied demand for gasoline and distillates declined. The slower demand came as U.S. production rose by 100,000 barrels per day (bpd) to 11.7 million bpd after stagnating at 11.6 million bpd since early February.

By Yuka Obayashi TOKYO (Reuters) - Oil prices tumbled more than $5 on Monday as fears over weaker fuel demand in China grew after financial hub Shanghai launched a two-stage lockdown to contain a surge in COVID-19 infections. The market kicked off another week of uncertainty, buffeted on one side by the war between Ukraine and Russia, the world's second-largest crude exporter, and expansion of COVID-related lockdowns in China, the largest crude importer globally. Brent crude futures slid as low as $115.32 a barrel and were trading down $5.15, or 4.3%, at $115.50 at 0731 GMT. U.S. West Texas Intermediate (WTI) crude futures hit a low of $108.28 a barrel, and were down $5.30, or 4.7%, at $108.60. Both benchmark contracts rose 1.4% on Friday, notching their first weekly gains in three weeks, with Brent surging 11.8% and WTI climbing 8.8%. "Shanghai's lockdown prompted a fresh sell-off from disappointed investors as they expected such a lockdown would be avoided," said Kazuhiko Saito, chief analyst at Fujitomi Securities. Shanghai launched a two-stage lockdown of the city of 26 million people on Monday, closing bridges and tunnels, and restricting highway traffic to contain surging local COVID-19 cases. Saito also said the bullish reaction to a missile attack by Yemen's Houthis on a Saudi oil distribution facility had ran its course on Friday. But he expected the oil market to turn bullish when the Organization of the Petroleum Exporting Countries (OPEC) and allies, known as OPEC+, meet on Thursday, as the group was "less likely to raise oil output at a faster pace than in recent months". Analysts have varying estimates of how hard Russian oil exports could be hit by economic sanctions imposed on Moscow by the United States and its allies following Russia's invasion of Ukraine. Some reckon that 1 million to 3 million barrels per day (bpd) of Russian oil might not make it to the market. Russia, which calls its actions in Ukraine a "special operation", exported 4.7 million bpd of crude in 2021, making it the world's second-largest exporter behind Saudi Arabia. OPEC+ has so far resisted calls from major consuming nations to step up an output boost. The group has been raising output by 400,000 bpd each month since August to unwind cuts made when the COVID-19 pandemic hit demand. "Oil prices will likely stay above $100 a barrel for a while as global supply will only get tighter as supply from Russia declines while the United States is headed to driving season," said Tetsu Emori, chief executive of Emori Fund Management. OECD stockpiles are at their lowest since 2014. To help ease tight supply, the United States is considering another release of oil from the Strategic Petroleum Reserve (SPR) that could be bigger than the sale of 30 million barrels earlier this month, a source said. "But given the already low inventories, there will be limited release of SPR, which is seen as another supporting factor to the market," Emori said. U.S. drillers added oil rigs for a 19th consecutive month but at the slowest pace since 2020 even though the government urged producers to boost output.

GUERRA IN UCRAINA (News della notte) Mastercard aderisce ai necessari requisiti previsti dalle sanzioni internazionali contro la Russia. Le entrate delle attività legate alla Russia rappresentano circa il 4% delle entrate totali. Il Dipartimento dell'Energia degli Stati Uniti ha dichiarato che rilascerà 30 milioni di barili di greggio da SPR. Il 2 marzo (oggi), gli Stati Uniti emetteranno un bando di vendita per il prossimo rilascio di petrolio. Primo ministro giapponese Kishida: la stabilità del mercato energetico è fondamentale per l'economia. Fare un appello ai produttori di petrolio degli altri paesi. Prendere in considerazione una posizione sull'accesso (divieto) dello spazio aereo ai aerei russi. Rilasceremo prontamente le riserve di petrolio in conformità con l'accordo AIE. Biden: Gli Stati Uniti si uniscono ai loro alleati e ai paesi amici nel vietare ai voli russi di utilizzare lo spazio aereo statunitense. Il Dipartimento di Giustizia sta mettendo insieme una task force per indagare sui crimini degli oligarchi russi. Uniamo le forze con gli alleati europei per localizzare e sequestrare le barche, le case di lusso e i jet privati russi. Stiamo bloccando l'accesso della Russia alla tecnologia e ciò intaccherà il suo potere economico e minerà le sue forze armate per anni. Le democrazie sono all'altezza della battaglia tra democrazia e autocrazia, ma la battaglia richiederà tempo. Putin (nel breve) potrebbe guadagnare sul campo di battaglia, ma alla lunga pagherà un prezzo alto. Tenere sotto controllo i prezzi è il nostro obiettivo principale. Putin è un dittatore e pagherà un alto prezzo. Dipartimento dei trasporti degli Stati Uniti: il divieto alle compagnie aeree russe di utilizzare lo spazio aereo statunitense sarà pienamente attuato entro la fine di mercoledì (oggi). Siamo preparati, afferma il ministro dell'Economia tedesco Habeck, se la Russia sospende le consegne di gas.

GUERRA IN UCRAINA (News della sera) Gli osservatori UE accettano di intraprendere la fase successiva nella domanda di adesione dell'Ucraina all'UE. Gli osservatori UE approvano un elenco di 7 banche russe da escludere dal sistema bancario SWIFT. Portavoce presidenziale turco: molto probabilmente le squadre ucraine e russe non si incontreranno mercoledì perché la Russia ha richieste "irrealistiche" - CNN Turk. Il Regno Unito ha imposto sanzioni alla Bielorussia per il suo ruolo nell'invasione russa dell'Ucraina - Dichiarazione. Il Regno Unito ha imposto sanzioni a 4 funzionari bielorussi sulla Russia. La Banca mondiale é in attesa di aggiungere 350 milioni di dollari al prestito della politica di sviluppo dell'Ucraina in un'iniezione di denaro "fast track" - Fonti. Il prestito della Banca Mondiale all'Ucraina sarà esaminato dal consiglio di amministrazione nel giro di pochi giorni, potenzialmente entro la fine della settimana - Fonti. FMI e Banca mondiale: il consiglio di amministrazione del FMI potrebbe esaminare la richiesta di assistenza di emergenza dell'Ucraina già la prossima settimana. La banca mondiale sta preparando un pacchetto di assistenza da 3 miliardi di dollari per l'Ucraina nei prossimi mesi. Il pacchetto della banca mondiale, che includerà almeno 350 milioni di dollari, sarà presentato al consiglio di amministrazione per l'approvazione questa settimana. Siamo pronti a fornire ulteriore assistenza alle nazioni vicine colpite dalla guerra in Ucraina e ai rifugiati. La guerra in Ucraina sta avendo notevoli effetti di ricaduta in altri paesi, con l'aumento dei prezzi delle materie prime e la prospettiva di un'ulteriore inflazione. Le turbolenze dei mercati finanziari aumenteranno se la crisi continua e le sanzioni avranno un impatto significativo. Autorità austriaca per i mercati finanziari: su richiesta della BCE abbiamo vietato a Sberbank Europe di fare affari. Casa Bianca: in una telefonata con il presidente ucraino Zelensky, Biden ha sottolineato il continuo sostegno degli Stati Uniti all'Ucraina. Biden e il presidente ucraino Zelensky hanno discusso dell'escalation degli attacchi da parte della Russia contro obiettivi civili in Ucraina, compresi i bombardamenti vicino al Memoriale dell'Olocausto di Babyn Yar. Biden ha discusso con il presidente dell'Ucraina di come gli Stati Uniti, in collaborazione con alleati e partner, stiano lavorando per ritenere la Russia responsabile, anche attraverso sanzioni. Biden pubblica un memorandum sul rilascio della Strategic Petroleum Reserve degli Stati Uniti. Biden autorizza il segretario all'energia a vendere dalle Riserve Strategiche SPR - Memorandum Biden dice che la guerra di Putin è stata deliberata e non provocata, ma la NATO e l'Occidente erano pronti - Speech Draft. Biden afferma in a Putin, che quando i dittatori non pagano un prezzo per la loro aggressività, si crea disordine - Speech Draft. L'ambasciatore ucraino negli Stati Uniti Markarova parteciperà alla SOTU. - MSNBC. Eni italiana: abbiamo annunciato l'intenzione di vendere una partecipazione nel gasdotto Blue Stream, che collega Russia e Turchia ed è ora in comproprietà con Gazprom. Eni italiana: la nostra attuale impronta in Russia è insignificante. La Corte Mondiale terrà udienze in Ucraina VS. Caso Russia il 7-8 marzo (anziché il 6-7) - Dichiarazione. Putin firma un decreto sulle misure temporanee di stabilizzazione finanziaria - IFX. Putin ha emesso una direttiva che vieta le spedizioni di valuta estera dalla Russia per importi superiori a $ 10.000 a partire dal 2 marzo. - Cremlino Cremlino: le regole si applicano ai contanti. Il Regno Unito ha avviato una revisione urgente della sua esposizione alle società russe del gas e dell'energia - FT. Il leader della maggioranza al Senato degli Stati Uniti Schumer: lavorerò su un pacchetto di aiuti globale bipartisan per l'Ucraina e sono in corso discussioni su questo. Il disegno di legge omnibus è la strada più rapida per assicurarsi i finanziamenti dell'Ucraina. La Cina segnala la volontà di mediare nella guerra Ucraina-Russia - The Guardian. Il segretario al Tesoro degli Stati Uniti Yellen in chiamata con l'esecutivo dell'UE. Il vicepresidente Dombrovskis si è impegnato a lavorare insieme per ritenere la Russia responsabile delle sue azioni in Ucraina. Yellen ha sottolineato la necessità di ulteriori misure della Russia. Yellen: mi aspetto che la pressione economica sulla Russia avrà un effetto paralizzante sulla sua economia. Il G7 continua a sostenere la rimozione delle principali società finanziarie russe da SWIFT. Il G7 creerà un gruppo di lavoro per concentrarsi sul congelamento e sulla confisca dei beni delle élite russe. Il vicepremier canadese Freeland: nei prossimi giorni, il G7 imporrà ulteriori sanzioni alla Russia. Apple: Abbiamo sospeso tutte le vendite di prodotti in Russia. Federazione Russa Gatilov: La leadership ucraina sembra non avere l'ambizione di trovare una soluzione legittima ed equilibrata alle sfide.

"In terms of (1) economic impact, Russia and Ukraine add up to <2% of global GDP. (2) Financial contagion is also limited as banks’ exposure to Russia <$100bn. (3) Risk aversion related conflict may already have peaked. Markets tend overprice known unknowns and this leads the typical pattern "buy fact". While scale invasion was worse than feared, lack a swift win for likely lowers likelihood spreading. (4) The last, important, channel via commodity prices. This particularly so given how high inflation worried central bankers are about that. JPM forecasts been revised up, leading modest stagflationary macro revisions. There some hope: far energy exports left out sanctions, remain so. Together with potential Iran supply SPR releases, crude oil upside ($110 in 2Q). All dynamics above perhaps why US equities ended higher on week despite -6% drawdown" (JPM)

BIDEN Biden impone dure sanzioni e nuove restrizioni alla Russia. Biden: l'impatto su USA e alleati sarà ridotto al minimo. Limiteremo la capacità della Russia di effettuare transazioni in dollari e yen. La banca VTB è una delle banche sanzionate. Gli Stati Uniti non combatteranno in Ucraina. Bloccheremo cinque grandi banche russe. Non c'è dubbio che gli Stati Uniti ei loro alleati della NATO rispetteranno i loro impegni ai sensi dell'articolo 5. Biden ha autorizzato il dispiegamento di ulteriori forze statunitensi in Germania. Le società petrolifere e del gas non dovrebbero approfittare della crisi alzando i prezzi. Stiamo lavorando per garantire l'approvvigionamento energetico globale. Rilasceremo più petrolio da SPR secondo necessità. Se la Russia persegue un attacco informatico, gli Stati Uniti risponderanno. Non ho intenzione di parlare con Putin. Swift è sempre un'opzione, ma non ci sono piani per usarlo in questo momento. Per ora non stiamo imponendo il divieto di Swift banking. È altamente improbabile che Putin durerà a lungo finché saremo decisi sulle sanzioni. Putin vuole ristabilire l'Unione Sovietica. Le sanzioni contro Putin sono sul tavolo. Le sanzioni che abbiamo imposto superano quelle su Swift. C'è una rottura completa nelle relazioni USA-Russia in questo momento. Gli Stati Uniti hanno espulso il secondo diplomatico di grado più alto della Russia a Washington - AP. Il Pentagono ha ordinato il dispiegamento di altre 7.000 truppe in Europa. Alto funzionario della difesa degli Stati Uniti: gli Stati Uniti invieranno circa 7.000 soldati in Germania per rassicurare gli alleati della NATO. Gli Stati Uniti impongono sanzioni alla Russia per la sua invasione dell'Ucraina, secondo il Dipartimento del Tesoro. Dipartimento del Commercio degli Stati Uniti: una delle misure di controllo delle esportazioni è una politica di rifiuto delle merci sensibili come semiconduttori, computer, apparecchiature per telecomunicazioni e laser.

Upgrades 2/16: $CEVA $CMA $ECL $IPGP $M $PDD $PFBC $TDG $SPR $VLRS . Downgrades 2/16: $CE $CLW $GPP $JWN $KMX $LRMR $MASI $RESN $TRP $VIAC $WIX

Upgrades 1/7: $AIN $AMPH $ATI $BAX $BEP $BOX $BP $BXP $CARG $CMG $COUR $CVI $DAL $DB $DISCA $DOV $DXCM $ENLC $FE $FRLN $HEI $HON $HSIC $HT $IAC $ILMN $MCK $NHI $OB $OMIC $PEB $PEG $PMT $ROAD $SGHT $SPR $T $TDG $TMCI $TTD $TVTY $TXRH $UBS $ULCC $VCRA $WGO $WWD $XMTR

1000 $SPR FEB2022 $49 Cs trade 2.25

1000 $SPR FEB2022 $49 Cs trade 2.25

EIA: La scorsa settimana, le scorte di greggio statunitensi in SPR sono scese al livello più basso dal novembre 2002.

`Finance` **@valuewalk:** Why Did Oil Prices Rise In Reaction To SPR Release And What Does It All Mean For Oil Prices Looking Ahead? https://t.co/MXwP2SlbM0 #EXANTE #oilprices https://twitter.com/valuewalk/status/1464282312732856320

`Finance` **@conorsen:** Time to refill the SPR. https://t.co/Fk0Nj7eSwg https://twitter.com/conorsen/status/1464254940315009036

Friday, November 26, 2021 Futures Up/Down % Last Dow -809.00 2.26% 34,940 S&P 500 -82.25 1.75% 4,617 Nasdaq -161.50 0.99% 16,204 Not exactly what U.S. investors were expecting on their return from the Thanksgiving Day holiday as U.S. equity futures are plunging, with the S&P looking lower by -1.6%, along with oil prices tumbling over 6% to $73.25 and bond yields crumbling over 13 bps to 1.51% as investors are worried that a new coronavirus variant identified in South Africa (called B.1.1.529) could spark fresh outbreaks. The EU, Britain, Singapore, and India among those announcing stricter border controls as scientists sought to determine if the mutation was vaccine-resistant. Reports indicate the variant has a spike protein that is dramatically different to the one in the original coronavirus that COVID-19 vaccines are based on, the UK Health Security Agency said raising fears that the current vaccines may be ineffective. Still, vaccine makers Pfizer (PFE), Moderna (MRNA), Novavax (NVAX) and Merck (MRK) are seeing shares soar early. In reverse, shares of travel, leisure, hotel stocks are seeing the biggest declines early. Asian stocks suffered their sharpest drop in two months on Friday after the detection of a new and possibly vaccine-resistant coronavirus variant sent investors scurrying toward the safety of bonds, the yen and the dollar. A handful of local COVID-19 cases in eastern parts of China have prompted Shanghai city to limit tourism activities and a nearby city to cut public transportation services; Shanghai city detected three domestically transmitted COVID-19 cases with confirmed symptoms for Nov. 25. In Asian markets, The Nikkei Index slides -2.5% or 750 points to 28,750, the Shanghai Index slips -20 points to 3,564 and the Hang Seng Index tumbles -659 points (2.67%) to 24,080. In Europe, the German DAX is craters -2.8% or 450 points to 15,460, while the FTSE 100 tumbles -210 points (2.87%) to 7,100. The variant concerns weighing on retailers as well ahead of the busiest shopping day of the year “Black Friday”. Market Closing Prices Yesterday · The S&P 500 Index gained 10.76 points, or 0.23%, to 4,701.46 · The Dow Jones Industrial Average fell -9.42 points, or 0.03%, to 35,804.38 · The Nasdaq Composite climbed 70.09 points, or 0.44%, to 15,845.23 · The Russell 2000 Index advanced 3.59 points, or 0.15% to 2,331.46 Events Calendar for Today · U.S. Equity Markets with an early 1:00 PM ET close Macro Up/Down Last Nymex -5.26 73.12 Brent -4.84 77.37 Gold 28.50 1,815.30 EUR/USD 0.0088 1.1294 JPY/USD -1.50 113.86 10-Year Note -0.13 1.514% World News · Britain banned flights from South Africa and neighboring countries and asked British travelers returning from there to quarantine, while European Commission chief Ursula von der Leyen said the EU also aimed to halt air travel from the region. · Volatility traders are rushing to bet on turmoil in the U.S. stock market as fears over a new strain of the coronavirus look set to finally end weeks of tranquil trading. The Cboe Volatility Index, or VIX, jumped as much as 9 points on Friday morning, the biggest intraday move since February Sector News Breakdown Consumer · Chinese regulators have asked top executives of ride hailing giant Didi Global Inc (DIDI) to devise a plan to delist from U.S. bourses on data security fears, Bloomberg News reported. China’s tech watchdog wants the management to take the company off the NYSE on concerns about leakage of sensitive data, the report said · The Brussels Court of Appeals ordered two of Uber’s (UBER) units to pay EUR 150,000, for a total of $336,600, when it backed a complaint made by a Brussels taxi firm – Bloomberg Energy, Industrials and Materials · Oil prices slid on concerns that a global supply surplus could swell in Q1 following a U.S.-led coordinated release of crude reserves (SPR) among major consumers and as a new COVID-19 variant spook investor. Oil prices likely dropped in tandem with wider financial markets on concerns the new variant would hit demand by limiting movements again Financials · KKR & Co (KKR) and CVC Capital Partners are considering teaming up on a bid for Italy-based Telecom Italia SpA, Bloomberg News reported on Thursday, citing people with knowledge of the matter · China Evergrande Group Chairman Hui Ka Yan cut his stake in the company for the first time since it went public in 2009, the latest sign he’s liquidating personal assets to help stave off a default by the world’s most indebted developer. Hui sold 1.2 billion Evergrande shares for the equivalent of $344 million on Thursday, according to a filing – Bloomberg Healthcare · Selecta Biosciences (SELB) announced that the FDA has placed a clinical hold on its Phase 1/2 clinical trial of SEL-302, (which consists of MMA-101 plus ImmTOR, for the treatment of patients with methylmalonic acidemia, or MMA) · Vaccine makers Pfizer (PFE), Moderna (MRNA), Novavax (NVAX) and Merck (MRK) are seeing shares soar early on the new virus variant news. Technology, Media & Telecom · Pinduoduo Inc (PDD) posted quarterly revenue that missed market estimates on Friday, hurt by stiff competition from rivals Alibaba and JD.com Inc amid the pandemic-driven online shopping boom. Total revenue was 21.51 billion yuan ($3.37 billion) in the third quarter, below analysts’ average estimate of 26.59 billion yuan, according to IBES data from Refinitiv. · United Microelectronics Corporation (UMC) and Micron Technology (MU) announced a settlement agreement between the two companies worldwide

By Ahmad Ghaddar LONDON (Reuters) -Oil prices fell slightly on Thursday, as investors eyed how major producers respond to the U.S.-led emergency oil release designed to cool the market and with OPEC now expecting the release to swell inventories. Brent crude futures slipped 14 cents, or 0.2%, to $82.11 a barrel by 1413 GMT. U.S. West Texas Intermediate (WTI) crude futures fell 30 cents, or 0.4%, to $78.09 a barrel. OPEC expects the U.S. release to swell a surplus in oil markets by 1.1 million barrels per day (bpd), a source from the group said. The Organization of the Petroleum Exporting Countries, Russia and allies, together called OPEC+, will meet on Dec. 1-2 to set policy. "The bold move from the oil importers has opened the door wide open for OPEC+ to adjust its supply policy downwards at its next (meeting on) 2 December 2021," Rystad Energy analyst Louise Dickson said. OPEC+ has been adding 400,000 barrels per day of supply since August, unwinding record output cuts made last year when pandemic curbs slammed demand. Three sources told Reuters OPEC+ is not discussing pausing its oil output increases, despite the decision by the United States, Japan, India and others to release emergency oil stocks. OPEC members the United Arab Emirates and Kuwait said they were fully committed to the OPEC+ agreement and had no prior stance ahead of next week's meeting. Iraq, also an OPEC member, said it backs continuing OPEC+'s existing plan of raising output by 400,000 bpd a month, saying the outlook for the oil market was unclear due to turbulence in global markets. High oil prices have added to inflationary concerns. A coordinated release could add around 70-80 million barrels of crude supply to markets, analysts at Goldman Sachs (NYSE:GS) said. The U.S. Department of Energy has launched an auction to sell 32 million barrels of strategic petroleum reserves (SPR) for delivery between late December to April 2022. It plans to release another 18 million barrels soon. Traders are also looking out for whether China will follow through on plans to release oil from its reserves. U.S. Energy Information Administration data on Wednesday showed gasoline and distillate stockpiles fell more than expected, while crude stocks rose. [EIA/S] (Additonal reporting by Sonali Paul in Melbourne and Florence Tan in Singapore; Editing by Kirsten Donovan and Bernadette Baum)

By Ron Bousso LONDON (Reuters) -Oil prices rose towards $81 a barrel on Tuesday after a move by the United States and other consumer nations to release tens of millions of barrels of oil from reserves to try to cool the market fell short of some expectations. The U.S. strategic reserves release was made in concert with other such moves by China, India, South Korea, Japan and Britain, the White House said, as major consumer nations battle against rising inflation. But analysts said the effect on prices was likely to be short-lived after years of declining investment and a strong global recovery from the COVID-19 pandemic. Brent crude futures were up $1.46, or 1.83%, at $81.16 a barrel by 1438 GMT after earlier dropping as low as $78.55. U.S. West Texas Intermediate (WTI) crude futures were up $1.36, or 1.77%, at $78.11. President Joe Biden's administration said it would release 50 million barrels from the U.S. Strategic Petroleum Reserves (SPR), which will start hitting the market in mid to late December. India announced the release of 5 million barrels of oil from its strategic reserves, while South Korea and Britain also confirmed they would participate. "The market is not impressed with the Biden Administration's announcement ... because the majority of the release is actually a loan to the market and the volume that is going to be sold was already approved by Congress as part of the deficit reduction legislation," said Andrew Lipow, president at Lipow Oil Associates. The OPEC+ alliance between the Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia has so far rebuffed repeated requests from Washington to pump more oil. The United Arab Emirates Energy Minister Suhail Al-Mazrouei said on Tuesday the UAE saw "no logic" in increasing its own contributions to global markets at the moment, adding technical data gathered ahead of an upcoming OPEC+ meeting in December pointed to an oil surplus in the first quarter of 2022. Eurasia Group analyst Henning Gloystein said "the developments point to a period of heightened political tensions between the world's biggest consumers and OPEC+, which implies increased oil price volatility". Prices had dropped below $80 a barrel from a three-year high of more than $86 on Oct. 25 amid talk of a coordinated reserves release and potential hit to energy demand from a fourth wave of COVID-19 cases in Europe.

By Florence Tan and Naveen Thukral SINGAPORE (Reuters) -Oil prices came off seven-week lows on Monday but remained under pressure after Japan said it was weighing releasing oil reserves and as the COVID-19 situation in Europe worsened, raising concerns about both oversupply and weak demand. Brent lost 26 cents, or 0.3%, to $78.63 a barrel as of 0725 GMT and U.S. West Texas Intermediate (WTI) crude futures were down 12 cents, or 0.2%, at $75.82 a barrel. The market is in a state of flux as strategic petroleum reserves (SPR) releases are not fully priced in yet, said an oil trader in Singapore. WTI and Brent prices hit their lowest since Oct. 1 earlier in the session. They slumped around 3% on Friday, declining for the fourth straight week for the first time since March 2020. Japanese Prime Minister Fumio Kishida signalled on Saturday he was ready to help combat soaring oil prices following a request from the United States to release oil from its emergency stockpile, in an unprecedented move. Tokyo is exploring ways to bypass a law which permits the release of oil reserves only in cases of supply shortage or natural disasters. [nL1N2SB01P] The White House on Friday pressed the OPEC producer group again to maintain adequate global supply, days after U.S. discussions with some of the world's biggest economies over potentially releasing oil from strategic reserves to quell high energy prices. The combined SPR release could be 100 million to 120 million barrels or even higher, Citi analysts said in a note dated Nov. 19. This includes 45 million to 60 million barrels from the United States, about 30 million barrels from China, 5 million barrels from India and 10 million barrels each from Japan and South Korea, the bank estimated. "If released over December and January, this could mean looser markets by some 1.5-2.0-m b/d. This would be against the backdrop of expected stock draws of 2.8-m b/d in Dec’21 and 0.5-m b/d in Jan’22 without any SPR release," Citi said. Further weighing on prices was possible renewed lockdowns in Europe as COVID-19 cases surged again. Germany warned on Friday it may need to move to a full lockdown after Austria said it would reimpose strict measures to tackle rising infections. The worsening Europe COVID-19 situation and profit-taking among investors towards year-end added to uncertainties in the market, the trader said. "Profit taking has turned into a rout on prices," he said, adding that prices are likely to go sideways until January before heading higher. Money managers cut their net long U.S. crude futures and options positions in the week to Nov. 16, the U.S. Commodity Futures Trading Commission said on Friday. Investors were also watching developments in the Middle East after Saudi state media reported early on Monday the Saudi-led coalition fighting the Iran-backed Houthi movement in Yemen said it detected indications of an imminent danger to navigation and global trade south of the Red Sea.

Crude with a hefty fall once again on talk of SPR withdrawl

By Aaron Sheldrick TOKYO (Reuters) - Oil prices slid to near six-week lows on Thursday as China said it was moving to release reserves following a Reuters report that the United States was asking big crude consumers to consider a coordinated release of stocks to lower prices. The bid by the U.S. administration to shock markets, asking China to join coordinated action for the first time, comes as inflationary pressures, partly driven by surging energy prices, start to produce a political backlash, as the world fitfully recovers from the worst health crisis in a century. Brent crude was down 41 cents, or 0.5%, to $79.87 a barrel by 0712 GMT, after earlier dropping to $79.60, the lowest since Oct. 7. U.S. crude was down 70 cents, or 0.9%, at $77.66 a barrel, having fallen earlier to $77.40, also the lowest since early last month. Prices hit seven-year highs in October as the market focused on the swift rebound in demand that has come with lockdowns being lifted against a slow increase in supply from the Organization of the Petroleum Exporting Countries (OPEC) and its allies, called OPEC+. "Should the U.S. administration order an SPR (Strategic Petroleum Reserve) release, that could send a strong political sign," Citigroup (NYSE:C) analysts said in a note. "But ... domestic refineries are unlikely to get an extra benefit, as light-end yields appear to have been already maxed out," they added, referring to margins for producing gasoline and other motor fuels. U.S. producers have also been reluctant to overspend on drilling after they were punished by investors for gorging on debt to pay for new exploration. The International Energy Agency and OPEC have said in recent weeks that more supply will be available in the next several months. OPEC+ is maintaining an agreement to boost output by 400,000 bpd every month so as not to flood the market with supply. "Releasing strategic stockpiles is only likely to lower oil prices temporarily," said Vivek Dhar, commodity analyst at Commonwealth Bank of Australia (OTC:CMWAY). "There's a good likelihood that markets have already priced in such an event." The United States and allies have coordinated strategic petroleum reserve releases before, for example in 2011 during a war in OPEC member Libya. But the current proposal represents an unprecedented challenge to OPEC, the cartel that has influenced oil prices for more than five decades, because it involves China, the world's biggest importer of crude. China's state reserve bureau said it was working on a release of crude oil reserves although it declined to comment on the U.S. request. A Japanese industry ministry official said the United States has requested Tokyo's cooperation in dealing with higher oil prices, but he could not confirm whether the request included coordinated releases of stockpiles. By law, Japan cannot use reserve releases to lower prices, the official said. A South Korean official confirmed the United States had asked Seoul to release some oil reserves. "We are thoroughly reviewing the U.S. request, however, we do not release oil reserve because of rising oil prices. We could release oil reserve in case of supply imbalance, but not to respond to rising oil prices," the official said. In its weekly stockpile report, the United States Department of Energy said late on Wednesday that crude inventories fell unexpectedly last week as refineries, enjoying profitable processing rates, ramped up output before the winter heating season. [EIA/S]

todays trade: Buy $TSLA 1200/1300 Dec spr when stock hits $985 ending w4

By Florence Tan SINGAPORE (Reuters) -Oil prices rose on Wednesday, extending strong gains in the previous session, after industry data showed U.S. crude stocks unexpectedly fell last week just as near-term travel demand picked up with COVID-19 pandemic curbs easing. Brent crude futures were at $85.22 a barrel by 0732 GMT, up 44 cents, or 0.5%, to after rising 1.6% on Tuesday. U.S. West Texas Intermediate (WTI) crude futures rose 16 cents, or 0.2%, to $84.31 a barrel, adding to Tuesday's 2.7% gain. Both benchmarks touched their highest in two weeks earlier on Wednesday, supported by tightening global oil inventories during the past several months, and the latest data from the American Petroleum Institute reinforcing the view that supply remains constrained. According to market sources, API data showed U.S. crude stocks declined by 2.5 million barrels for the week to Nov. 5, defying analysts' estimates for a 2.1 million build in crude stocks in a Reuters poll. "Supplies are tight with OPEC sticking to its guns," Avtar Sandu, senior commodities manager at Phillip Futures in Singapore said, referring to the recent agreement between the Organization of Petroleum Exporting Countries and their allies to maintain an output growth of 400,000 barrels per day in December. Growing air travel is also supporting oil demand, he said. "I still see a bull charging on; it might be taking a break now, but (if there's) any small spark, it might just continue its march," Sandu said. The market will be awaiting weekly inventory data from the U.S. Energy Information Administration (EIA) on Wednesday to see whether it confirms the drawdown in crude stocks. Further underpinning the view the market remains tight, trading giant Vitol Group's CEO Russell Hardy said on Tuesday that oil demand had returned to pre-pandemic levels and that the first quarter of 2022 could see demand exceed 2019 levels. "The possibility of a spike to $100 per barrel is clearly there," Hardy told the Reuters Commodities Summit. Market gains on Tuesday were mainly driven by a short-term outlook from the EIA, which projected gasoline prices would fall over the next few months. That was a key factor U.S. President Joe Biden had been watching to determine whether to release oil from the Strategic Petroleum Reserve amid concern over recent soaring gasoline prices. "The EIA report ... does curb concerns that the U.S. will release oil from its Strategic Petroleum Reserve (SPR)," Commonwealth Bank analyst Vivek Dhar said in a note. However, Singapore OCBC bank economist Howie Lee said: "I would be surprised if they don't release it." "Inflation is turning out hotter than they expected and I don't think they want oil prices to continue compounding that price pressure."

By Peter Nurse Investing.com -- Oil prices edged higher Tuesday, with traders awaiting the latest U.S. inventory numbers and a potential move by the Biden administration to combat soaring gasoline prices. By 9:25 AM ET (1425 GMT), U.S. crude futures were up 0.6% at $82.39 a barrel, after gaining 0.8% on Monday, while Brent futures rose 0.3% to $83.69, after rising 0.8% during the previous session. U.S. Gasoline RBOB Futures were up 1.2% at $2.3495 a gallon. Crude has been on a tear this year, with the Nymex contract climbing to a seven-year high last month and the equivalent Brent contract rising to a three-year peak on the back of the global economic recovery and supply restraint by the Organization of the Petroleum Exporting Countries and allies, a group known as OPEC+. Only last week OPEC+ decided to stick to its existing pace of easing the record output cuts put in place at the start of the pandemic, agreeing to increase supply by just 400,000 barrels a day, rebuffing requests from the U.S., among others, to pump more. This prompted U.S. Energy Secretary Jennifer Granholm to say on Monday that U.S. President Joe Biden may take measures as early as this week to address the country’s high gasoline prices, a political hot potato. “The most obvious tool for the U.S. administration to use is the Strategic Petroleum Reserve,” said analysts at ING, in a note. “Outside of mandated and SPR modernization sales (and a test sale in 2014), the last sale was part of a coordinated IEA release back in June 2011, which saw 30.6MMbbls released.” The industry-funded American Petroleum Institute is set to release later Tuesday its weekly estimate of U.S. oil and product stockpiles. The market is expecting another build in crude inventories, but gasoline supplies, already at the lowest level in four years, are expected to show a fifth weekly draw. Also due later in the session is the weekly petroleum status report by the U.S. Energy Information Administration.

By Ahmad Ghaddar LONDON (Reuters) -Oil prices extended losses from the previous session on Thursday, as the United States said it was considering selling oil from its strategic reserves and as Russia said it was ready to stabilise the natural gas market. Brent crude prices were down 16 cents, or 0.2%, at $80.92 a barrel by 1306 GMT, after touching a session low of $79.08. WTI crude futures fell 30 cents, or 0.4%, to $77.13 a barrel, having hit a session low of $74.96. Both contracts fell about 2% on Wednesday. "The crude market might be less tight should the United States tap the strategic crude reserves and if Russia manages to send more natural gas to Europe, this might result in less substitution from natural gas to crude," said UBS analyst Giovanni Staunovo. U.S. Energy Secretary Jennifer Granholm said on Wednesday that the administration is considering tapping the country's Strategic Petroleum Reserve (SPR) to cool a surge in gasoline prices, the Financial Times reported. Granholm also did not rule out a ban on crude exports, which was lifted in 2015. Goldman Sachs (NYSE:GS) said a likely SPR release, which could be up to 60 million barrels, only posed a $3 downside risk to its $90/bbl year-end Brent price forecast. A larger-than-expected rise in U.S. crude inventories last week also weighed on prices. Stocks rose by 2.3 million barrels, the U.S. Energy Information Administration said, against expectations for a modest dip of 418,000 barrels. [EIA/S] Russian President Vladimir Putin said on Wednesday that Russia was boosting gas supplies to Europe, including via Ukraine, in response to the energy crunch and stands ready to stabilise the market amid surging prices. Such a move could help cool off record high gas prices. Analysts say as winter approaches those gas prices could have an impact on the already tight crude market as some users switch to oil. Earlier this week, the Organization of the Petroleum Exporting Countries and allies (OPEC+) agreed to stick to its plan to raise output by 400,000 bpd in November, sending crude prices to multi-year highs. OPEC+'s decision was partly driven by concern that demand and prices could weaken, sources close to the group told Reuters. (Additonal reporting by Naveen Thukral in Singapore; editing by Jason Neely, Kirsten Donovan)

Upgrades 9/29: $AN $ARCH $BA $CAG $CDW $CW $ESS $LLY $NEXA $OXY $SPR $SQM $SPR $TECK $UBS . Downgrades 9/29: $BBL $HPQ $INNV $KC $LMT $MS $NXPI $RM $VALE $VIPS

By Ahmad Ghaddar LONDON (Reuters) -Oil prices rose on Tuesday, extending sharp gains on a bullish demand outlook as U.S. regulators issued their first full approval for a COVID-19 vaccine and Mexico suffered a large production outage. Brent crude oil futures were up $1.50, or 2.2%, at $70.25 a barrel by 13442 GMT while U.S. West Texas Intermediate (WTI) gained $1.34, or 2%, to $66.98. Both benchmarks jumped more than 5% on Monday, helped by a weaker dollar, after marking their biggest weekly losses in more than nine months last week. Though a resurgent pandemic has fuelled health system concerns, "economically harmful containment measures seem rather unlikely", said Julius Baer analyst Norbert Rucker, citing the effectiveness of coronavirus vaccines. The U.S. Food and Drug Administration (FDA) on Monday issued full approval for the Pfizer/BioNTech two-dose vaccine, having authorised it for emergency use last December. Health officials hope the action will convince unvaccinated Americans that the shot is safe and effective. Analysts said that China's apparent success in fighting the spread of the Delta variant also boosted demand sentiment, with no cases of locally transmitted infections reported in latest data. Also supporting oil prices was a fire on an oil platform off Mexico on Sunday. The fire killed five workers and halted 421,000 barrels per day of production, representing about a quarter of the country's overall output. The U.S. Department of Energy on Monday said it would sell up to 20 million barrels of crude from the Strategic Petroleum Reserve (SPR) oil stocks to comply with legislation, with deliveries to take place between Oct. 1 and Dec. 15. Meanwhile, Indian refiners' crude throughput in July bounced to its highest in three months as fuel demand rebounded and buoyed prices.

Wednesday, August 4, 2021 Futures Up/Down % Last Dow -25.00 0.07% 34,973 S&P 500 -1.25 0.04% 4,413 Nasdaq 11.50 0.08% 15,058 U.S. S&P futures are flat heading into the trading day, looking to build on record highs from Tuesday as positive earnings boost U.S and European stocks while worries over China’s gaming and technology crackdown ease, helping lift those markets. Risk sentiment improves across Asia as Chinese and Hong Kong stocks push higher on tech recovery and solid Caixin PMI data. In Asian markets, The Nikkei Index fell -57 points to 27,854, the Shanghai Index rose 29 points to 3,477 and the Hang Seng Index jumped 231 points to settle at 26,426. In Europe, the German DAX is climbing around 125 points to 15,680, while the FTSE 100 is up 0.4% to 7,135. Chinese Jul Caixin Services PMI beat: 54.9 vs 50.6 consensus. Some also see the spread of the Covid-19 delta variant as delaying rather than stopping the economic recovery. The New York Times reported overnight that the FDA plans to give full approval to Pfizer (PFE) and BioNTech (BNTX) coronavirus vaccine by the start of the next month. Earnings season has been strong with about 87% of S&P 500 companies reporting earnings and revenue beats, according to FactSet. Just under 70% of the S&P 500 now has reported earnings. The S&P 500 closed at record highs with gains in Apple and healthcare stocks, as concerns over a surge in the Delta variant of the coronavirus was put to the back-burner, overshadowed by continued upbeat corporate earnings. Ten of the 11 S&P indexes traded higher, with energy stocks rebounding after getting hit by a dip in oil prices. Market Closing Prices Yesterday The S&P 500 Index gained 35.99 points, or 0.82%, to 4,423.15 The Dow Jones Industrial Average rose 278.24 points, or 0.80%, to 35,116.40 The Nasdaq Composite climbed 80.23 points, or 0.55%, to 14,761.29 The Russell 2000 Index advanced 8.09 points, or 0.36% to 2,223.58 Events Calendar for Today 7:00 AM ET MBA Mortgage Applications Data 8:15 AM ET ADP Employment Change for July…est. 695K 9:45 AM ET Markit Composite PMI, July-F 9:45 AM ET Markit Services PMI, July-F 10:00 AM ET ISM Non-Manufacturing Services PMI for July…est. 60.5 10:30 AM ET Weekly DOE Inventory Data Earnings Calendar: Earnings Before the Open: ABC, AEIS, ALE, APO, ASTE, BCOR, BDC, BGCP, BWA, CDW, CLVS, CLH, CLW, CMLS, CRL, CSII, DNOW, DOC, EDIT, EMR, ETR, EXC, FLOW, FUN, GEL, GM, HDSN, HFC, HZNP, IONS, JLL, KHC, LL, MAC, MKL, MPC, MPLX, MTOR, NI, NYT, ODP, RCL, SBGI, SGRY, SITE, SMG, SPR, SUP, TGI, TUP, TXMD, UTHR, VCEL, VMC, WLL Earnings After the Close: ACAD, ACLS, ADPT, ADTN, AGL, ALB, ALL, AMED, ANGI, ANSS, APA, ATO, AXGN, BBSI, BE, BFAM, BKNG, BOOT, CCMP, CDAY, CENX, CHNG, CMP, CPS, DGII, DOX, DVAX, DXC, EA, EGHT, ELF, EMKR, EOG, ETSY, EVH, FLT, FOXA, FSLY, FTDR, GDDY, GNK, HI, HUBS, IAC, INGN, IVR, JACK, LESL, LNC, LPI, LUMN, MAXR, MBI, MCK, MED, MET, MGM, MOD, MRO, MTG, NUS,NVRO, ONEM, PARR, PDCE, $PING, PLYA, QRVO, QTWO, RCII, REGI, RGR, RMAX, RNWK, EOKU, RPD, $RVLV, RYN, SBRA, SMSI, SUM, T$NDM, TPC, TTGT, TVTY, TWNK, TWO, TXG, $UBER, UHAL, VVV, VZIO, WDC, WU, YELL Other Key Events: Jefferies Industrials Conference (virtual), 8/3-8/4 Piper Wealth Management Forum (virtual), 8/3-8/6 Macro Up/Down Last Nymex -0.34 70.22 Brent -0.18 72.23 Gold 3.30 1,813.75 EUR/USD -0.0008 1.1856 JPY/USD 0.13 109.17 10-Year Note +0.008 1.182% Sector News Breakdown Consumer Caesar’s Entertainment ($CZR) Q2 EPS $0.34 vs. est. loss (-$0.26); Q2 revs $2.5B vs. est. $2.27B; Q2 same-store Adjusted EBITDA was $1B versus (-$131M) for the comparable prior-year period; Company posted all-time records in quarterly Adjusted EBITDA and Adjusted EBITDA margin. Denny’s ($DENN) Q2 adj EPS $0.18 vs. est. $0.11; Q2 revs $106.2M vs. est. $98.1M; Q2 domestic system-wide same-store sales decreased 1.2% compared to the equivalent fiscal period in 2019, including a 1.5% decrease at domestic franchised restaurants and a 1.9% increase at company restaurants. Herbalife ($HLF) Q2 adj EPS $1.52 vs. est. $1.29; Q2 revs $1.55B vs. est. $1.57B; Q2 adjusted EBITDA of $262.1M; raises FY21 EPS view to $4.70-$5.10 from $4.65-$5.05 (est. $4.93); sees FY net sales growth to be in a range of 8.5% to 12.5%, lowering the midpoint by 150 basis points compared to prior full year 2021 guidance. Host Hotels ($HST) Q2 adj FFO $0.12 vs. est. $0.04; Q2 revs $649M vs. est. $606.58M; said RevPAR reached nearly $100 for the quarter, which dramatically outperformed consensus RevPAR, with average room rates only 8.4% below our 2019 second quarter rates; not providing year guidance Hyatt ($H) 2Q adj EPS ($1.15) vs est. ($0.85) on comparable system-wide REVPAR $72.47, qtrly total revs $663Mm vs est. $686.9Mm; guides FY net rooms growth more than +6%, sees FY adj SG&A about $240Mm, sees FY CAPEX about $110Mm Energy Devon Energy ($DVN) Q2 adj EPS $0.60 vs est. $0.52 on revs $2.42B vs est. $2.35B, operating cash flow $1.1B, production for the quarter averaged 291k barrels/day; will pay total dividend of 49c/shr (11c fixed + 38c variable), a 44% increase from Q1; sees 3q production 566-594 mboe/d vs est. 564.80 mboe/d Occidental Petroleum ($OXY) Q2 adj EPS 32c vs est. 1c on revs $5.96B vs est. $5.92B, FCF $2B, cash flow from continuing operations $3.3B; said oil and gas results improved from Q1 due to higher commodity prices and sales volumes; executed debt tender offer and repaid over $3B of long-term debt in July ONEOK ($OKE) Q2 EPS $0.77 vs. est. $0.75; Q2 revs $3.39B vs. est. $3.03B; sees 2021 net income, adj earnings before interest, taxes, depreciation, amortization to be above midpoints of ranges provided on April 27, 2021 SunPower ($SPWR) Q2 adj EPS $0.06 vs. est. $0.04; Q2 revs $308.9M vs. est. $327.31M; guides Q3 revs $325M-$375M vs. est. $400.83M; sees Q3 GAAP net loss of $10 to $0 million and MW recognized of 125 MW to 150 MW; Q2 added 13,000 residential customers – residential bookings up 16 percent sequentially, 67 percent year-over-year (YoY) The American Petroleum Institute ($API) showed a draw of 879K barrels of oil for the latest week; gasoline inventories show a draw of 5.75M barrels, distillate inventories show a draw of 717K barrels and Cushing inventories show a build of 659K barrels W&T Offshore ($WTI) Q2 EPS $0.02 vs. est. $0.07; Q2 revs $132.8M vs. est. $122.38M; Q2 Production was 40,888 Boe/d or 3.7 MMBoe, an increase of 3% compared to 39,657 Boe/d in Q1 and down 3% versus 42,037 Boe/d in Q2 of 2020 Financials Assurant Inc. ($AIZ) Q2 operating EPS $2.99 vs. est. $2.45; Q2 revs $2.54B vs. est. $2.39B; continue to expect to grow eps, ex. catastrophes, by 10 to 14 percent for 2021 Fair Isaac ($FICO) Q3 non-GAAP EPS $3.38 vs. est. $2.76; Q3 revs $338M vs. est. $328.3M; Applications revenues, which include the company’s decision management applications and associated professional services, were $133.2 million in the third quarter, compared to $141.5 million in the prior year period, a decrease of 6% Genworth Financial ($GNW) Q2 adj EPS $0.38 vs. est. $0.22; Q2 revs $2.04B vs. est. $1.9B; planned IPO of Enact remains a key strategic objective for Genworth and is subject to market and other conditions, however because the company is in registration and subject to applicable publicity restrictions, is unable to comment further or provide any additional detail at this time. Green Dot ($GDOT) Q2 adj EPS $0.68 vs est. $0.43 on revs $369.4M vs est. $313.2M; sees FY21 adj EPS $2.13-$2.27 vs prev. $2.06-$2.15, revs $1.33B-$1.35B vs est. $1.28B Prudential ($PRU) Q2 adj EPS $3.79 vs. est. $3.02; qtrly book value per common share of $160.31 versus $165.53 per share for year-ago; qtrly adjusted book value per common share of $104.39 versus $92.07 per share for year-ago; qtr end assets under management of $1.730 trillion versus $1.605 trillion for year-ago; now expect to return a total of $11.0B to holders from $10.5B prior Tanger Outlets ($SKT) 2Q core FFO/shr $0.43 vs est. $0.28, portfolio occupancy was 93% on June 30 vs 91.7% on March 31, avg tenant sales productivity was $424/sq ft for 12 months ended June 30 +7.3% yr/yr; guides FY FFO/shr $1.52-1.59 vs est. $1.46 Unum Group (UNM) Q2 adj EPS $1.39 vs. est. $1.11; Q2 revs $2.99B vs. est. $2.96B; Full-year 2021 outlook increased; after-tax adjusted operating income per share now expected to decline 1%-3% relative to full-year 2020, compared to an expected decline of 5%-6% prior Verisk Analytics ($VRSK) Q2 adj EPS $1.17 vs. est. $1.33; Q2 revs $747.5M vs. est. $737.3M; Net cash provided by operating activities was $233.2 million, down 6.5% for the second quarter of 2021. Free cash flow, a non-GAAP measure, was $170.7 million, down 11.5% Healthcare Change Healthcare ($CHNG) shares fell over 7% on a report that the U.S. Dept. of Justice is considering a lawsuit to block the company’s $8B sale to UnitedHealth ($UNH) https://bit.ly/3yA4Etu Option Care Health ($OPCH) 18M share Spot Secondary priced at $20.25 Amgen Inc. ($AMGN) Q2 adj EPS $4.38 vs. est. $4.06; Q2 revs $6.5B vs. est. $6.43B; backs FY21 adj EPS view $16.00-$17.00 vs. est. $16.34; backs FY21 revenue view $25.8B-$26.6B vs. est. $26.04B Amid surge in new COVID-19 infections across U.S., the FDA plans to give full approval to Pfizer (PFE) – BioNTech (BNTX) coronavirus vaccine by the start of the next month, The New York Times reports The FDA classified the recent recall of some of Philips’ (PHG) ventilators as Class 1, or the most serious type of recall, saying the use of these devices may cause serious injuries or death – Reuters CVS Health ($CVS) Q2 adj EPS $2.42 vs. est. $2.06; Q2 revs $72.62B vs. est. $70.11B; raises FY21 adjusted EPS view to $7.70-$7.80 from $7.56-$7.68 (est. $7.66); sees FY21 cash flow from operations $12.5B-$13B DaVita Inc. (DVA) 2Q EPS $2.64 vs est. $2.17; says total US dialysis treatments for 2Q were 7,413497 (avg 95,045/day); guides FY adj EPS $8.80-9.40 vs est. $8.63, sees FY adj op income $1.8-1.875B vs est. $1.816B Inspire Medical ($INSP) 2Q EPS ($0.48) vs est. ($0.64) on revs $53Mm vs est. $43.9Mm; guides FY revs $210-213Mm vs est. $195.9Mm, sees FY gr mgn 85-86%, sees opening 48-52 new US medical centers per qtr for 2H Jazz Pharma ($JAZZ) Q2 adj EPS $3.90 vs. est. $3.42; Q2 revs $751.8M vs. est. $735.62M; reaffirms FY21 non-GAAP EPS view $13.40-$14.70 (est. $14.45) and also back FY21 revenue view $3.020B-$3.180B vs. est. $3.11B; as of June 30, cash, cash equivalents were $891.4 mln, and outstanding principal balance of co’s long-term debt was $7.1 bln

2335 $SPR JAN2022 $40 Cs trade 5.5

2335 $SPR JAN2022 $40 Cs trade 5.5

I think $SPR can hit $60 to $90 by this year!!

$SPR your thoughts guys ?

Good morning...futures gapping up my $SPR reference still being $PY 422.28...If reach an coi=onitue a new market will talk the next days andweek..is in mu hummly opinion

$SPR upgrade, target $50

$JD $SPCE $BA $SPR $SWN

Upgrades 12/7: $ABEV $ABG $AEGN $AZN $BA $BXG $CFB $COF $FITB $HAL $KL $LIN $LUV $LW $LYFT $PKG $RF $SPR $VOD $ZION

$SPR 35C Dec

Upgrades 11/10: $AINV $AVTR $AXP $BCS $BIIB $BKI $BYND $CAKE $CB $CHEF $CLB $CLH $CTVA $DDD $ESPR $ESS $HEP $ICPT $INO $KBH $LCUT $LEVI $MAXN $MCS $NNI $PDSB $PFGC $PZZA $RTX $SAN $SPR $SQ $SYY $TREE $USFD $VTR $W $WELL

Upgrades 11/4: $ADTN $AM $AMD $AMZN $BIDU $FMS $SPR $SYRS $SYY $TER $VC

(ATV): alpha-synuclein (aSyn) program, a protein that spreads throughout the brain in Parkinson's disease; ATV: triggering receptor expressed in myeloid cells 2, a therapeutic candidate designed to rescue microglial function in Alzheimer's disease; and ATV: Tau, a therapeutic targeting the spreading of Tau. Further, it has various seed programs under the research, discovery, and preclinical stages of development. Denali Therapeutics Inc. has collaboration agreement with Takeda Pharmaceutical Company and Genentech, Inc., Sanofi, F-star Gamma Limited, F-star Biotechnologische Forschungs-Und Entwicklungsges M.B.H, F-star Biotechnology Limited, SIRION Biotech GmbH, Genzyme Corporation, Harvard University, the Michael J. Fox Foundation, Centogene, and MedGenome Labs Private Ltd; and a research and option agreement with Secarna Pharmaceuticals GmbH & Co. KG. to develop antisense therapies in the field of neurodegenerative diseases. The company was formerly known as SPR Pharma Inc. and changed its name to Denali Therapeutics Inc. in March 2015. Denali Therapeutics Inc. was incorporated in 2013 and is headquartered in South San Francisco, California.