The Daily Dose; Saudi missile threat? What Saudi missile threat?

October 28, 2020

-We clearly have a demand problem going forward. -Market shrugs off landfall of Hurricane Zeta. It was a bloodbath for crude that not even missile threats for Saudi Arabia could upend. And traders all-but ignored landfall from Hurricane Zeta. Instead, it was a build on commercial crude oil inventories in the United States and tightened … More The Daily Dose; Saudi missile threat? What Saudi missile threat?

The Daily Dose; Zeta, tight US race, driving oil prices higher

October 27, 2020

-We’re seeing the Trump Factor play out in crude oil prices. -We figured the shelf life of the Libyan ceasefire would be brief. Crude oil prices moved sharply higher in mid-day trading as Tropical Storm Zeta bares down on the Gulf of Mexico. US federal estimates already show some oil and gas production is offline, … More The Daily Dose; Zeta, tight US race, driving oil prices higher