-Crude gets a boost from the product side -Despite warnings, holiday travel is on the rise. Crude oil prices were on the rise once again on Tuesday, despite a batch of negative economic news. West Texas Intermediate was in clear break-out mode. Brent crude oil was up by about 1.6% as of 2:30 p.m. ET … More The Daily Dose; Demand in other places
-Transition, vaccine drive oil prices higher. -Eni declared force majeure over Nigerian crude. A late Monday certification of votes in Michigan was followed by an announcement that the transition process for US President-elect Joe Biden will proceed with few interruptions. Hopes that a vaccine for COVID-19 added to the positive mood, sending crude oil prices … More The Daily Dose; Don’t call it a breakout
Risk level: Orange RED: Severe (+/- 4%) ORANGE: High (+/- 3%) YELLOW: Elevated (+/- 2%) BLUE: Guarded (+/- 1%) THE BOOSTER SHOT -As the US burns, terrorism rises again. -So about the UAE … Crude oil prices moved largely on the pandemic and news circulating about various vaccine trials underway to prevent COVID-19. US authorities … More In other news …
