-Do Libyan barrels have any place to go? -The market is stuck between a rock and a hard place. Traders were buying the dip in early morning trading after crude oil suffered major losses in the previous session. The specter of the possible return of Libyan barrels on the water and last week’s rush … More The Daily Dose; Brent is in a Tunnel.
Risk level: Orange RED: Severe (+/- 4%) ORANGE: High (+/- 3%) YELLOW: Elevated (+/- 2%) BLUE: Guarded (+/- 1%) THE BOOSTER SHOT -The United States is Crafting its Own Geopolitical Decline. -Oil pipelines are as good as territorial boundaries. It read in part like the motto from the US Postal Service; demand warnings from neither … More The Carter Doctrine is Dead
-Analysts scoff at Riyadh’s Clint Eastwood Moment -Libya may be back in play. The market taste-tested $43 per barrel for Brent crude oil and didn’t seem to care for it much, at least in movements before the start of Friday trading in the United States. The global benchmark for the price of oil is … More The Daily Dose; Brent Overheated.