The GERM Report

-EIA’s estimate on crude oil inventories way overshoots its peers -US-Iran detente becomes more complicated The rally in crude oil prices continued unabated in Wednesday, supported by a sizeable drain in commercial crude oil inventories in the United States. Gasoline levels showed a considerable build, though most analysts brushed that off to seasonality. Inter-market and … More The Daily Dose; These inventory estimates are all over the place

-What would Heidegger say? -We might have a shale oil problem. We might not. Crude oil prices continued to test new highs in the Tuesday session, with Brent long ago leaving the psychological level of $60 per barrel in the rear-view mirror. Estimates form S&P Global Platts show crude oil inventory levels could show a … More The Daily Dose; We’re asking the wrong questions

-Kemp wonders about output -US labor market holding steady A rally in crude oil prices extended into Thursday trading, with the price for Brent crude oil marching ever closer to the $60 per barrel mark. The rally was supported in part by positive employment news from the United States. A weaker US dollar muted some … More The Daily Dose; Rally could signal go time for drillers