-Dallas Fed sees signs of a modest slowdown. -India’s economy entered a technical recession. Crude oil prices wavered between gains and losses for much of the session on Wednesday, but the bulls were losing grip amid a trove of negativity. India is showing an increase in fuel demand, but its economy is also in recession. … More The Daily Dose; Tailwinds from vaccine prospects subside
-A President Biden might not be as bad as drillers think. -US rig counts rise for the eighth straight week. The stars aligned for a down day for commodities on Friday, with the pandemic, a divisive US political climate, higher rig counts and low unemployment blowing hard in the face of crude oil prices. We … More The Daily Dose; DUCs are a thing again. Oh, and there’s some kind of political race in the US.
-Saudi Aramco lowers its official selling price to Asia. -Expect a weaker dollar under a Biden administration. The counting continues in the US presidential race, with the Trump campaign filing lawsuit after lawsuit challenging some of the contests that could determine the next president. Equities were still in rally mode, though the mood darkened for … More The Daily Dose; Oil too is fed up with the US race
The GERM Report 