The Daily Dose; Brent remains stuck.

-European economy under renewed COVID-19 pressure -The UN General Assembly gives us a clue about the mood in the room.   Market direction for the price of crude oil remained unclear in early Wednesday trading after the American Petroleum Institute reported a mixed bag for oil and petroleum products. Apart from a resilient pandemic dragging … More The Daily Dose; Brent remains stuck.

The Daily Dose; Oil Back in Red on Weak Economic Data

-Russia frets about the possibility of life at $25 per barrel -US troubles overshadow risk elsewhere.   Crude oil prices were brushing off the irrational exuberance caused by dip-buying and an upward revision to market direction from the US Energy Information Administration. The bullish momentum in Wednesday trading was supported further by a massive draw … More The Daily Dose; Oil Back in Red on Weak Economic Data