Risk level: Orange RED: Severe (+/- 4%) ORANGE: High (+/- 3%) YELLOW: Elevated (+/- 2%) BLUE: Guarded (+/- 1%) THE BOOSTER SHOT -After OPEC+, Russia sees a geopolitical opening. -Pleas to support globalization continue. The price for Brent crude oil fell more than 2% for the week ending June 26 as an uptick in coronavirus … More The Russian Bear Breaks Free
-Another US energy company bites the dust -Brent prices avoided a milestone, but just barely Crude oil prices were supported, but just barely, in early Friday trading on expectations that global policymakers would keep their foot on the stimulus pedal, despite worrying signs of new COVID-19 cases and waning demand in Asia. Brent crude oil … More The Daily Dose; Brent Again in Retreat.
-Optimism was misplaced -Iran to shift oil away from Persian Gulf Brent crude oil lost its grip on $40 per barrel after a damning economic assessment from the International Monetary Fund. What is set up to be three straight sessions of decline for the global benchmark indicates the early wave of optimism over the fight … More The Daily Dose; Brent Loses Grip on $40.