-Yellen says go big or go home on stimulus -IEA sees lackluster demand prospects The market largely ignored the lackluster report from the IEA and concerns about violence in the United States, instead focusing on prospects for further stimulus from the incoming Biden administration. The rally was further supported by an upbeat assessment form Halliburton, … More The Daily Dose; Oil rallies on act-big sentiment
Risk level: Yellow RED: Severe (+/- 4%) ORANGE: High (+/- 3%) YELLOW: Elevated (+/- 2%) BLUE: Guarded (+/- 1%) THE BOOSTER SHOT -Venezuela can’t walk the walk -Sanctions and mismanagement caused irreparable damage President Trump during his four years in office managed to devastate the Venezuelan oil sector with sanctions. At times, this administration hinted … More Venezuela is no Iran
The Daily Dose; Better than expected? -OPEC is upbeat -So is Jerome Powell Crude oil prices continued to move higher in Thursday trading after broad-based sentiment that the global economy, along with the strains from the pandemic, is turning the corner. Economists at OPEC kept their forecast for global growth unchanged, but saw prospects of … More The Daily Dose; Better than expected?