The Daily Dose; Pessimism is sinking in

-Brent maintains shaky hold on $50 per barrel -U.S. stimulus package gets a resounding “meh.” Crude oil prices suffered another down day in Tuesday trading. Concerns about a new variant of COVID-19 spreading through the United Kingdom has effectively closed the island nation off to the rest of the world. Meanwhile, a massive stimulus package … More The Daily Dose; Pessimism is sinking in

The Daily Dose; DUCs are a thing again. Oh, and there’s some kind of political race in the US.

-A President Biden might not be as bad as drillers think. -US rig counts rise for the eighth straight week. The stars aligned for a down day for commodities on Friday, with the pandemic, a divisive US political climate, higher rig counts and low unemployment blowing hard in the face of crude oil prices. We … More The Daily Dose; DUCs are a thing again. Oh, and there’s some kind of political race in the US.

The Daily Dose; Oil too is fed up with the US race

-Saudi Aramco lowers its official selling price to Asia. -Expect a weaker dollar under a Biden administration. The counting continues in the US presidential race, with the Trump campaign filing lawsuit after lawsuit challenging some of the contests that could determine the next president. Equities were still in rally mode, though the mood darkened for … More The Daily Dose; Oil too is fed up with the US race