Tag: Biden

The Daily Dose; European Weakness Drags Oil Prices Lower.

August 21, 2020

-Eurozone PMI just barely on the positive side of growth. -Libyan government in Tripoli declares cease-fire. Crude oil prices were moving into negative territory for the third-straight session on signs that hopes for a V-shaped economic recovery are fading. The data firm IHS Markit found that economic growth in the Eurozone is slowing down just … More The Daily Dose; European Weakness Drags Oil Prices Lower.

The Daily Dose; US Oil Dominance Faces Headwinds.

July 8, 2020

-US pipeline woes curb potential for energy dominance -Russia is concerned about a Joe Biden victory The price for Brent crude oil remains stuck at around $40 per barrel as the abnormalities of the quarantine economy become the new normal. The apathetic price band comes even as the US government raised its estimate for Brent … More The Daily Dose; US Oil Dominance Faces Headwinds.