The Daily Dose; Saudi cuts should only take us so far

-EIA: It won’t be 2019 again until 2022 -Stein’s Law faces its biggest test; the rally in crude oil The rally in crude oil prices presents a real test for Stein’s Law, which stipulates that if something cannot go on forever, it will stop. The global benchmark for the price of oil, Brent, is up … More The Daily Dose; Saudi cuts should only take us so far

The Daily Dose; Market rally knows no quarter

-Crude oil prices riding the Saudi production wave -Saxo Bank: We don’t see oil moving too much higher Crude oil prices continued a steady rally into Friday, riding on the back of signs the market is tightening up following extraordinary production restraint from Saudi Arabia. The question remains, however, if signs of renewed demand destruction … More The Daily Dose; Market rally knows no quarter