-Data paint a picture of a not-so-hot recovery -The Emirati love fest may stir the hornet’s nest. Not-so-hot economic trends in the Asian economies helped put pressure on the price of oil early Friday. Malaysia’s economy posted a sharp contraction, while retail sales in China were less than impressive. The trend on retail sales carried … More The Daily Dose; Today’s Data Looks Crummy.
-IEA serves up something for everyone -The market has a very, very short memory. Crude oil prices softened in early morning trading on Thursday after the International Energy Agency lowered its forecast for demand for the first time in several months. Global supply, the agency said, is expected to fall, through refinery intake is recovering. … More The Daily Dose; The Tale of Two Markets.
-Oil prices up on data cherry-picking -It’s LNG this time around that gives us a good geopolitical picture. Crude oil prices were again in rally mode after US data showed a draw on all major petroleum components. The selection of California Sen. Kamala Harris as the vice president on the Democrat’s ticket may also be … More The Daily Dose; US Energy Products Are Not Leaving Shore.
The GERM Report 