Risk level: Red RED: Severe (+/- 4%) ORANGE: High (+/- 3%) YELLOW: Elevated (+/- 2%) BLUE: Guarded (+/- 1%) THE BOOSTER SHOT -Demand destruction persists -Beware the ghost of Trump Crude oil prices rallied in herd-mentality fashion, supported by last week’s unilateral decision by Saudi Arabia to keep 1 million barrels of oil per day … More We’re not out of the woods yet
-Crude oil prices riding the Saudi production wave -Saxo Bank: We don’t see oil moving too much higher Crude oil prices continued a steady rally into Friday, riding on the back of signs the market is tightening up following extraordinary production restraint from Saudi Arabia. The question remains, however, if signs of renewed demand destruction … More The Daily Dose; Market rally knows no quarter
-Risk premium apparent from U.S. political violence -UBS sees tailwinds from Saudi production restraint Crude oil prices edged slightly higher in Thursday trading, buoyed tacitly by the risk premium from U.S. political unrest. Markets in general largely shrugged off the violence, though some of the support came from a slight dip in U.S. unemployment. On … More The Daily Dose; UBS gives oil prices a shot in the arm
The GERM Report 