-Norwegian strikes could end by the weekend -US tariffs are biting at home While Hurricane Delta has sidelined almost all of the oil production in the US waters of the Gulf of Mexico, crude oil prices were in retreat in early-trading Friday. A double-digit rally on the week and signs that a labor strike … More The Daily Dose; Rally eases on possible Norwegian breakthrough
-Stimulus or not, Trump wins -Crude oil prices rally in break-out fashion Crude oil prices rebounded after yesterday’s sell off as Hurricane Delta zeroed in on the production and refining centers in and around the Gulf of Mexico. Labor issues in Norway, meanwhile, threaten to close one of the country’s premier oil fields. We’re … More The Daily Dose; Trump giveth and Trump taketh away
-Profit-taking may be in play -Markets shrug off Hurricane Delta Crude oil prices were moving in negative territory after already-fading hopes for a US stimulus package ended. That came after warnings from the top bank official about necessary support. Across the Atlantic, meanwhile, and there are signs the European economy may be facing some … More The Daily Dose; Trump breaks the economy
The GERM Report 