The Daily Dose; Better than expected? -OPEC is upbeat -So is Jerome Powell Crude oil prices continued to move higher in Thursday trading after broad-based sentiment that the global economy, along with the strains from the pandemic, is turning the corner. Economists at OPEC kept their forecast for global growth unchanged, but saw prospects of … More The Daily Dose; Better than expected?
-Mixed bag in the latest EIA report -Don’t expect more Iranian oil anytime soon Crude oil prices edged lower in the Wednesday session, erasing early gains just as hearings began for the second impeachment of U.S. President Donald Trump. Black gold fell out of favor after a mixed report from the EIA showed demand restraints … More The Daily Dose; The Fed says ‘meh’
-EIA: It won’t be 2019 again until 2022 -Stein’s Law faces its biggest test; the rally in crude oil The rally in crude oil prices presents a real test for Stein’s Law, which stipulates that if something cannot go on forever, it will stop. The global benchmark for the price of oil, Brent, is up … More The Daily Dose; Saudi cuts should only take us so far
The GERM Report 