-So much for energy independence -Baker Hughes offers glimmer of hope A dip in the trend in US employment levels and the latent response from API data showing a build in petroleum product inventories sent crude oil prices marginally lower in the Thursday session. President Biden, meanwhile, made good on his campaign pledges by advancing … More The Daily Dose; Green shoots and leaves
-Biden to go green -But he faces a tough battle in the international arena Prospects that President Joe Biden would move swiftly on a new round of stimulus pushed crude oil prices higher in a Wednesday session. In contrast to disturbing scenes of supporters of former President Trump, inaugural events were largely formal and benign. … More The Daily Dose; Modest gains greet President Biden
-Yellen says go big or go home on stimulus -IEA sees lackluster demand prospects The market largely ignored the lackluster report from the IEA and concerns about violence in the United States, instead focusing on prospects for further stimulus from the incoming Biden administration. The rally was further supported by an upbeat assessment form Halliburton, … More The Daily Dose; Oil rallies on act-big sentiment
