-Equities bet a Biden win would be offset by a GOP Senate. -Will Tropical Storm Eta disrupt traffic in the Gulf of Mexico? Crude oil prices followed equities higher in Wednesday trading as most people were glued to their televisions or social media feeds waiting for the results from the US presidential contest. The race … More The Daily Dose; US Oil Stock Draw Drives Rally
-European economy under renewed COVID-19 pressure -The UN General Assembly gives us a clue about the mood in the room. Market direction for the price of crude oil remained unclear in early Wednesday trading after the American Petroleum Institute reported a mixed bag for oil and petroleum products. Apart from a resilient pandemic dragging … More The Daily Dose; Brent remains stuck.
-Brent rally continues, but will it hold? -OPEC has a lot on its plate. Crude oil prices continued the bullish trends from the previous session, rallying hard on the back of data showing a big drain on US crude oil inventories and the threat from Hurricane Sally. The price for Brent broke out Tuesday … More The Daily Dose; DUCS and Rigs and Bulls. Oh my!
The GERM Report 