-The “P” work strikes again -We could be in for a rough financial winter Crude oil prices were moving into negative territory early in the Thursday session in response to another wave of furloughs and a messy British divorce from the European Union. As expected, oil prices bounced higher after reports of another drain … More The Daily Dose; Ready for another go at negativity
-The mood has darkened -Take the gold watch if you can get it. The news this morning was reminiscent of the dark days of spring, when US bankruptcies in the shale patch prompted calls for OPEC-like intervention in the free-market economy. Small in sample size, but huge in terms of the reverberations, Wednesday saw … More The Daily Dose; Oil News Reminiscent of April Negativity
-Trading houses aren’t that optimistic -European energy security may be at risk. Crude oil prices were riding on the coat-tails of equities in the previous session, though looked to be paring some of those gains in early-morning trading. The market got a bit of a boost on the re-introduction of a US stimulus package, … More The Daily Dose; Demand is Dead. Long Live Demand
The GERM Report 