The Daily Dose; Brent Again in Retreat.

-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.

The Daily Dose; “It Could Have Been Much Worse”

-WTO adds voice to better-than-expected chorus. -US trade advisor walks back negative trade comments. Crude oil prices were supported by a tailwind from Bank of America, which upgraded its forecast for Brent by more than $5 per barrel. BofA analysts on Monday defended their forecast by noting improvements in demand, along with strict compliance among … More The Daily Dose; “It Could Have Been Much Worse”