How is the global market setup looking to you given that we are entering the tariff deadline week and there could be some clarity on US’ tariffs on Wednesday. Do you expect this week to be a volatile one after registering those record highs last week?
Seth R Freeman: I expect it to be volatile for a number of reasons. One, with the July 4 holidays, in general, we have lower volume. So, what would normally be price movements get a little more exaggerated on lower volume. I was just reading a little while ago that although the announcement now is that trade tariffs may be imposed as of August 1 instead of July 9th, Bessent, our treasurer, is talking about maybe extending this July 9th date. So, all this does is inject more uncertainty, and for that reason, we are going to see volatility.
Also, what are your thoughts on the oil market because of the recent OPEC plus decision? If you track the oil market closely, can you tell us what this means for demand-supply dynamics? Do you expect oil prices to fall further from the current $67-68 per barrel mark?
Seth R Freeman: It appears there is going to be a much higher supply than originally expected and this is good for lowering prices initially. I was reading earlier there is an expectation that extra supply is going to be picked up. So, it may just be short lived.
