-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.
-Kemp: Contango structure deepens -Nord Stream may be too advanced to abandon. Even with a sizeable draw on US commercial crude oil inventories, demand signals didn’t add up to a rally for the price of oil in Wednesday trading. The trend continued into early-morning activity on Thursday, though it may be a bit of a … More The Daily Dose; Energy and Geopolitics Collide in Europe
Risk level: Yellow RED: Severe (+/- 4%) ORANGE: High (+/- 3%) YELLOW: Elevated (+/- 2%) BLUE: Guarded (+/- 1%) THE BOOSTER SHOT -The US expansion is over. -We are observing the results of systemic international change. The largest economic expansion in US history is over, according to the International Monetary Fund. The fund issued a … More The United States is Long Past Its Pivotal Moment