-Demand concerns finally catch up with commodities -Were cheap gas and complacency enough to put US drivers in a holiday mood? Demand concerns are putting pressure on the energy market, with Brent threatening to drop below the $40 per barrel mark in early trading on Tuesday. Demand becomes a particular issue in the US economy, … More The Daily Dose; Brent is in Correction Mode
-Eurozone PMI just barely on the positive side of growth. -Libyan government in Tripoli declares cease-fire. Crude oil prices were moving into negative territory for the third-straight session on signs that hopes for a V-shaped economic recovery are fading. The data firm IHS Markit found that economic growth in the Eurozone is slowing down just … More The Daily Dose; European Weakness Drags Oil Prices Lower.
-Data paint a picture of a not-so-hot recovery -The Emirati love fest may stir the hornet’s nest. Not-so-hot economic trends in the Asian economies helped put pressure on the price of oil early Friday. Malaysia’s economy posted a sharp contraction, while retail sales in China were less than impressive. The trend on retail sales carried … More The Daily Dose; Today’s Data Looks Crummy.
The GERM Report 