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

The Daily Dose; Let’s Look Beyond Laura.

-Demand in Fujairah “has been really, really bad” -Tensions are running hot in the Mediterranean region. Crude oil prices were defying logic, posting a slight loss early in the session despite major storm threats to the US oil and gas sector. Forecasters expected Laura to quickly turn into a category 4 hurricane as it bares … More The Daily Dose; Let’s Look Beyond Laura.

The Daily Dose; Lots to Unpack for Oil Price Movements.

-WTO sees possible L-shaped recovery. -There’s no shortage of geopolitical risk. Crude oil prices were lower early in the trading day on Wednesday after estimates showed a mixed bag for inventories of petroleum products in the United States. A steady series of drains on US crude oil inventories suggest that demand is slowly returning to … More The Daily Dose; Lots to Unpack for Oil Price Movements.