The Daily Dose; Oil Back in Red on Weak Economic Data

-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 Daily Dose; Dip-buying Supporting Brent’s Defense of $40/bbl

-US data looks to show another draw, but don’t get too excited -The Shiites are backed into a corner.   Some dip-buying was in play early Wednesday, after contagion set in to shave some 5.3% off the price of Brent and 6.2% from West Texas Intermediate. Worries about an off-kilter market have turned to reality, … More The Daily Dose; Dip-buying Supporting Brent’s Defense of $40/bbl

The Daily Dose; Brent is in Correction Mode

-Demand concerns finally catch up with commodities -Were cheap gas and complacency enough to put US drivers in a holiday mood? Demand concerns are putting pressure on the energy market, with Brent threatening to drop below the $40 per barrel mark in early trading on Tuesday. Demand becomes a particular issue in the US economy, … More The Daily Dose; Brent is in Correction Mode