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; Tariff Man Returns.

-US hiring weakened from June -Trade wars are difficult to win Tariff man strikes again. The Canadian prime minister on Thursday questioned why the Trump administration was again slapping tariffs on aluminum. On China, the US president said Chinese technology, namely the popular TikTok app, was a threat to national security. A Chinese response to … More The Daily Dose; Tariff Man Returns.

The Daily Dose; Jobs, jobs jobs jobs jobs.

-US employment figures mask underlying weakness -Oil market downturn means some reserves no longer count. Crude oil prices moved largely on US news in the previous session, with another sizeable draw on commercial crude oil inventories supporting the bulls. The direction for commodities was determined again by the US economy on Thursday, with weekly jobless … More The Daily Dose; Jobs, jobs jobs jobs jobs.