Risk level: Yellow RED: Severe (+/- 4%) ORANGE: High (+/- 3%) YELLOW: Elevated (+/- 2%) BLUE: Guarded (+/- 1%) THE BOOSTER SHOT -OPEC+ made a mistake. -A V-shaped recovery is out of the question. Crude oil prices suffered a deep contraction last week on clear signs that a V-shaped recovery was unlikely. A surprise build … More No Envy for OPEC
-North American oil prospects are fading -OPEC+ has some tough homework over the weekend. Brent crude oil was unable to hold up a strong defense for $40 per barrel on supply-side pressures and weak prospects for a sharp economic recovery. A miss on gross domestic product in the British economy was compounded by the … More The Daily Dose; Brent has Work to Do
-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 GERM Report 