-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.
-Chart for Brent is flatlined -Mind the caveats from the Bank of England. Traders cherry-picked an assessment from the OECD that the global economy would fare better than first expected, ignoring the pessimism from early in the week from BP, the IEA and OPEC. A drain on US commercial crude oil inventories and gasoline, … More The Daily Dose; Brent Prices Seem Happy Where They Are, for Now.
-Brent rally continues, but will it hold? -OPEC has a lot on its plate. Crude oil prices continued the bullish trends from the previous session, rallying hard on the back of data showing a big drain on US crude oil inventories and the threat from Hurricane Sally. The price for Brent broke out Tuesday … More The Daily Dose; DUCS and Rigs and Bulls. Oh my!
The GERM Report 