-US employment figures mask underlying weakness -Oil market downturn means some reserves no longer count. Crude oil prices moved largely on US news in the previous session, with another sizeable draw on commercial crude oil inventories supporting the bulls. The direction for commodities was determined again by the US economy on Thursday, with weekly jobless … More The Daily Dose; Jobs, jobs jobs jobs jobs.
-US inventory declines likely from lower imports after Saudi surge -Trump claims on big job numbers was hyperbole. The price trend for Brent crude oil is disconnected from reality. The global benchmark shot above $45 per barrel for the first time since early March on reports of a massive draw on US crude oil inventories. … More The Daily Dose; US oil storage data the lone bull
-Green shoots do little to explain demand destruction -Toxic US climate will get worse before it gets better. The price for Brent crude was in negative territory early Tuesday, erasing much of the gains from the previous session. Headline issues were largely centered on an announcement from British supermajor BP that it was making a … More The Daily Dose; BP makes excuses for bruising quarter
The GERM Report 