-Is UAE pot-stirring normal OPEC+ blather? -There are devils in the details of a Dallas Fed survey. Where do we even begin? For much of November, crude oil prices rallied without restraint, climbing some 27%, from $38.97 for Brent to $47.59, by month’s end. Vaccine developments and a chronically-weak dollar caused glee in both equities … More The Daily Dose; November was so last week.
Risk level: Orange RED: Severe (+/- 4%) ORANGE: High (+/- 3%) YELLOW: Elevated (+/- 2%) BLUE: Guarded (+/- 1%) THE BOOSTER SHOT -Has Iran had enough? -Is Trump’s foreign policy about Trump or about Biden? Developments on a vaccine for COVID-19 and strong demand on the product side helped push crude oil prices higher last … More Tanker Wars 2.0
-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