-We’ve seen this movie before in markets -Supply-side pressures help crude. What about demand? We’ve seen this movie before, but the ending might be a bit different. Crude oil prices are running away, posting highs not seen since before the pandemic. That comes as major economies continue to struggle to get shots into the arms … More The Daily Dose; It was a year ago when oil prices were this high.
-Reddit takes over the world! -There seems to be some enthusiasm building in the market Crude oil prices got a boost during Monday trading by the swell in demand for winter fuels as a massive snowstorm buried the US East Coast with well over a foot of snow. The week ahead will be chock full … More The Daily Dose; A Reddit spillover?
-US data may be skewed by federal events -Lack of pipelines could strand North American crude Crude oil prices drifted lower in Tuesday, shrugging off early concerns over reports of an explosion in Saudi Arabia. The market could be idled in anticipation of US data on crude oil and product inventories, though that data may … More The Daily Dose; Mind the data
The GERM Report 