-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.
-Up again, down again. Up gain, down again. -Belarus could be the next Ukraine. The price of oil is in stand-still mode as traders and investors take a wait-and-see approach ahead of Wednesday’s meeting of the committee monitoring OPEC curtailments. So far, parties to the agreement to trim some 7.7 million barrels per day from … More The Daily Dose; Wake Me Up When Oil Prices Get Unstuck.
-Oil prices up on data cherry-picking -It’s LNG this time around that gives us a good geopolitical picture. Crude oil prices were again in rally mode after US data showed a draw on all major petroleum components. The selection of California Sen. Kamala Harris as the vice president on the Democrat’s ticket may also be … More The Daily Dose; US Energy Products Are Not Leaving Shore.
The GERM Report 