The Daily Dose; US Divisions Have Global Consequences

-US at war with itself as economy falters -German manufacturers see headwinds from US policies Crude oil prices were in rally mode after US data suggested a sizeable draw on commercial crude oil inventories. The threat of a tropical storm in the US south, meanwhile, is adding tailwinds to the price of oil. The market … More The Daily Dose; US Divisions Have Global Consequences

The Daily Dose; Is China Winning the New Cold War?

-US-Chinese tensions cloud hopes for sharp economic recovery -OPEC signals the end is near. The price for Brent crude oil was up early Wednesday after unofficial US data showed a sizeable draw in crude oil inventories for the week ending July 10. The rally was supported in part by heightened Cold War-like tensions between the … More The Daily Dose; Is China Winning the New Cold War?

The Daily Dose; Brent Structure Flips.

-Behold, the second wave. -Is Brent due for a correction? Crude oil prices were in retraction early Wednesday amid concerns about a second wave of coronavirus infections in the United States, renewed Sino-American trade tensions and a build in US crude oil inventories. Optimism over OPEC+ discipline and the gradual return of demand helped establish … More The Daily Dose; Brent Structure Flips.