-US rig counts increase yet again -We still have a political hangover from the Trump administration Crude oil prices moved lower in the final trading session of the week on supply-side strains and a resurgent pandemic in Asia. A quiet week for commodities still left the price of oil supportive of drilling in the United … More The Daily Dose; Supply-side strains say hello
-So much for energy independence -Baker Hughes offers glimmer of hope A dip in the trend in US employment levels and the latent response from API data showing a build in petroleum product inventories sent crude oil prices marginally lower in the Thursday session. President Biden, meanwhile, made good on his campaign pledges by advancing … More The Daily Dose; Green shoots and leaves
-Biden to go green -But he faces a tough battle in the international arena Prospects that President Joe Biden would move swiftly on a new round of stimulus pushed crude oil prices higher in a Wednesday session. In contrast to disturbing scenes of supporters of former President Trump, inaugural events were largely formal and benign. … More The Daily Dose; Modest gains greet President Biden
