-Houthi action, Iranian elections could add a risk premium to Brent -Japan’s economy slips further into contraction After failing to breach the $60 mark in the previous session, Brent crude oil was in retreat in early Friday trading on renewed concerns about the coronavirus. Reports that the virus was spreading in Chinese prisons has spooked … More The Daily Dose
-German shooting may be adding some psychological support -Tailwinds early Thursday were coming from the glut in gasoline Brent crude oil prices were carrying the momentum forward in early Thursday trading despite negative pressure from earnings reports from the likes of Maersk. Further signs of a glut, meanwhile, did little to spoil the rally. A … More The Daily Dose
Crude oil prices continued their recovery, with early-morning movements suggesting a healthy bounce ahead of the release of key US inventory data. The rebound could be reflective of a sigh of relief given Chinese assurances on containing the coronavirus. Brent seems to be making a run, albeit a meandering one, back to the $60 per … More The Daily Dose
The GERM Report 