The Daily Dose; Rally could signal go time for drillers

-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

The Daily Dose; We got this, OPEC committee says

-Balance is coming -Biden plays hardball with Iran Members of a committee monitoring OPEC-led production restraints said Wednesday they were optimistic that 2021 would be a year of recovery. Markets during the previous session rallied on news that Saudi Arabia made good on a pledge to trim another 1 million barrels per day in production, … More The Daily Dose; We got this, OPEC committee says

The Daily Dose; It was a year ago when oil prices were this high.

-We’ve seen this movie before in markets -Supply-side pressures help crude. What about demand? We’ve seen this movie before, but the ending might be a bit different. Crude oil prices are running away, posting highs not seen since before the pandemic. That comes as major economies continue to struggle to get shots into the arms … More The Daily Dose; It was a year ago when oil prices were this high.