The Daily Dose; 15.2 million reasons why oil should’ve tanked today.

December 9, 2020

-Vaccine progress kept oil from moving decidedly lower. -Is there a lagging negativity in the works. Basketballs bounce less than crude oil prices did on Wednesday, with intraday movement swinging by around plus or minus 1%. That followed a report of a sizeable build in U.S. commercial crude oil inventories, reports of explosions at Iraqi … More The Daily Dose; 15.2 million reasons why oil should’ve tanked today.

The Daily Dose; The retreat from $50/bbl continues.

December 8, 2020

-EIA sees $50 perhaps by Q4 2020. -In Iraq, to the victor goes the spoils. Crude oil prices spent much of Tuesday searching for direction, as optimism over a vaccine launch in the United Kingdom offset new quarantine measures in the United States. In its much-anticipated short-term outlook, meanwhile, the EIA found demand would likely … More The Daily Dose; The retreat from $50/bbl continues.

The New Normal

December 7, 2020

Risk level: Orange RED: Severe (+/- 4%) ORANGE: High (+/- 3%) YELLOW: Elevated (+/- 2%) BLUE: Guarded (+/- 1%) THE BOOSTER SHOT -This is neither normal nor good -What is “oil”? The price for Brent crude oil brushed up against the psychological threshold of $50 per barrel last week, a surprise run given the prospects … More The New Normal