-More voices join the chorus singing a tune of unlikely recovery -Norway’s Equinor sees continued demand weakness The price for Brent crude oil was slipping away from gains in Asian trading early Friday after a weaker dollar supported the global benchmark overnight. Data, meanwhile, continue to show the market is clearly oversupplied and demand signals … More The Daily Dose; The Irony That Is the United States
-US jobless claims worse than expected -Barclays, American Airlines see trouble ahead. Warnings from investment bank Barclays and a grim outlook from American Airlines helped drag crude oil prices lower in early Thursday trading. The price for Brent finished the previous session more or less flat despite a sizeable build in US commercial crude oil … More The Daily Dose; We May Be Due for a Correction
-US economy hangs at a precipice -Heightened Sino-American tensions emerge at a pivotal moment. Comments from the head of oilfield services company Baker Hughes were indicative of the state of the economy, with pessimism abound. The Baker Hughes rig count has at times been the darling of market watchers looking at the health of the … More The Daily Dose; Reading the Baker Hughes Tea Leaves
The GERM Report 