-Brent barely moves on U.S. inventories -The porridge is a bit too hot Crude oil prices posted modest gains on Wednesday trading that was likely thinned by investors leaving early for the long holiday weekend. The market reaction was someone muted given the sizeable draw on U.S. commercial crude oil inventories. Inventories remain bloated, however, … More The Daily Dose; Rally fizzles with holiday-itis
-Brent rally loses legs late in the session -The Abraham Accords have backfired A rally in crude oil prices fizzled by Tuesday afternoon after U.S. Senate Majority Leader Mitch McConnell blocked debate over expanded payments to individual taxpayers. A smaller bill was already signed into law during the weekend, though the continued acrimony in Washington … More The Daily Dose; Hope fades on bigger U.S. stimulus
A stubborn pandemic held a rally in crude oil prices in check, though Brent crude oil continued its hold on $50 per barrel last week. Headwinds could be developing in commodities given the social restrictions in place in Europe and Asia, while the emergence of a mutated strain of the novel coronavirus that causes COVID-19 … More What’s New for the New Year?
The GERM Report 