-China may be the only bright spot in the market -Norway shows BP was wrong. Crude oil prices were unable to breakout in the previous session and now look to finish the week lower by about 3% for Brent, the global benchmark. There were flickers of optimism on the investment front as Norway had … More The Daily Dose; Big Economies are Faltering
-Do Libyan barrels have any place to go? -The market is stuck between a rock and a hard place. Traders were buying the dip in early morning trading after crude oil suffered major losses in the previous session. The specter of the possible return of Libyan barrels on the water and last week’s rush … More The Daily Dose; Brent is in a Tunnel.
-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
The GERM Report 