-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
Risk level: Yellow RED: Severe (+/- 4%) ORANGE: High (+/- 3%) YELLOW: Elevated (+/- 2%) BLUE: Guarded (+/- 1%) THE BOOSTER SHOT -Venezuela can’t walk the walk -Sanctions and mismanagement caused irreparable damage President Trump during his four years in office managed to devastate the Venezuelan oil sector with sanctions. At times, this administration hinted … More Venezuela is no Iran
The GERM Report 