The Daily Dose; The Return of Trade Tensions

-China’s oil purchases off the US mark. -Spread tightening shows easing supply-side fears. Crude oil prices are pointing to a balancing market, structurally speaking. The six-week calendar spread for Brent has collapsed from $6 per barrel in early April to less than 70 cents. The tighter the spread, the tighter the market. OPEC+ curtailments and … More The Daily Dose; The Return of Trade Tensions

The Daily Dose

-The cure to lower oil prices in the US may be worse than the problem -Irrational exuberance may cause the bulls to run for crude oil prices. The slow reopening of the global economy is breathing new life into crude oil prices as demand starts to eat into supply. The US Energy Information Administration reported … More The Daily Dose