Steno Research

Steno Research is a new macro and geopolitical research house. We are based out of Copenhagen, Denmark, but have an international team and a strong network of sources and partners around the world. The team is lead by Andreas Steno, previous global head of strategy at Nordea Bank, and Mikkel Rosenvold, former chief consultant in the Danish Ministry of Finance.

Macro and Geopolitical Research House

Junior Finance Analyst, Steno Research

Ulrik Simmelholt

Junior Finance Analyst

Macroeconomics

<ul>
<li>It seems like all it took was one bulletin from Al-Jazeera about a potential ceasefire between Hamas and Israel for crude oil to lose all its gains from the prior week.</li>
<li>And the fact that the bulletin was retracted 15 min later didn’t seem to bother crude oil markets one bit in their eagerness to hit the sell bottom.</li>
<li>We find it confusing that markets believe that a ceasefire between Israel and Hamas will all of the sudden bring calmness to commodity markets.</li>
</ul>


It seems like all it took was one bulletin from Al-Jazeera about a potential ceasefire between Hamas and Israel for crude oil to lose all its gains from the prior week.
And the fact that the bulletin was retracted 15 min later didn’t seem to bother crude oil markets one bit in their eagerness to hit the sell bottom.
We find it confusing that markets believe that a ceasefire between Israel and Hamas will all of the sudden bring calmness to commodity markets.


Energy Cable: Crude Oil Above 80.. It Was Fun While It Lasted