Morning Note | April 4, 2023 | Distribution Cuts Continue But Not As Deep

Good Morning!

Markets opened higher for the fourth straight day although they are little changed at the moment.  Interest rates are up and the dollar is flat.  WTI remains above $80/bl and is now back in its 4-month trading range.  Investors are in a wait & see mode for OPEC+ compliance, macro developments, and confirmed of supply/demand metrics before c…