-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
Risk level: Red RED: Severe (+/- 4%) ORANGE: High (+/- 3%) YELLOW: Elevated (+/- 2%) BLUE: Guarded (+/- 1%) THE BOOSTER SHOT -Demand destruction persists -Beware the ghost of Trump Crude oil prices rallied in herd-mentality fashion, supported by last week’s unilateral decision by Saudi Arabia to keep 1 million barrels of oil per day … More We’re not out of the woods yet
-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
