-OECD; This is worse than the Great Recession -Russia’s patience with OPEC constraint wearing thin Crude oil prices were in a holding pattern in early Thursday trading ahead of weekly data on first-time jobless claims in the United States. Exuberance was aplenty last week after the data showed a surge in new hiring, though data … More The Daily Dose; US Oil Demand in Question amid OECD warnings
-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.
Risk level: RED RED: Severe (+/- 4%) ORANGE: High (+/- 3%) YELLOW: Elevated (+/- 2%) BLUE: Guarded (+/- 1%) THE BOOSTER SHOT -JPMorgan goes all in on oil price rally forecast. -Global distraction is adding a risk premium to the market. Another week, another dramatic rise in the price of crude oil. Even with stark … More Global Distraction is a Market Risk