-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 …
-Geopolitical risk is quietly tapping on our shoulder. -Mnuchin throws a wrench in the economic gears. Crude oil prices were supported in Friday trading by vaccine hopes and an underlying risk premium. Drugmakers Pfizer and BioNTech filed for fast-track approval of their vaccine for COVID-19 on Friday, giving the futures market something of a sigh … More The Daily Dose; Another vaccine bump?
The GERM Report 