-Libya cease-fire agreement is shaky at best -US shale may be under pressure for the foreseeable future Crude oil prices started the day more or less in limbo, with the financial press warning of demand concerns given the surge in cases of the novel coronavirus and the onset of colder weather in the Northern Hemisphere. … More The Daily Dose; Libya Gives us an October Surprise
-US election chaos adds insult to injury -IMF sees permanent scars in the Asia-Pacific Crude oil prices tested support levels in the previous session after US data on petroleum and petroleum products hinted at weakening demand. Further headwinds developing from the dwindling prospects of a US stimulus package. On the demand side, the International Monetary … More The Daily Dose; The US Circus Goes On
-Commodities giveth and taketh away -Russia pours cold water over OPEC-led curtailments We commented Tuesday about a note from London oil broker PVM that stated the trend in crude oil prices suggests traders may as well flip a coin. The broker was right. Crude oil prices shot up in the middle of the previous … More The Daily Dose; Deck Stacked Against Crude
The GERM Report 