-The lower-for-longer mantra was prophetic -US crude oil inventories skewed by temporary factors. The computers are taking over the market. Crude oil prices were up in early morning trading after the American Petroleum Institute reported yet another draw on US commercial crude oil inventories. Data, however, are skewed by the impact of Hurricane Laura, which … More The Daily Dose; Told Ya So, Says Bob Dudley
-China switches sides in the Thucydides Trap with India -The rally in crude oil prices this morning is a false positive. Crude oil prices were in rally mode in early morning trading after manufacturing readings in the European economy prompted something of a sigh of relief. Factory activity in China showed an uptick in August … More The Daily Dose; Rally in Oil Prices Seems Unfounded
-Coca Cola shows us the economy isn’t doing well -Hurricane Laura was a bit of a nothing burger for energy. The price for Brent crude oil is on pace for a gain of around 2% this week, though much of that gain was due to the impacts of storms in the oil-rich Gulf of Mexico. … More The Daily Dose; Someone Get Brent a Pillow
The GERM Report 