-Market factors drive market factors -US unemployment figures a disappointment Crude oil prices, along with major equities, turned lower early in the Friday session on word the US president, his wife and a top aide tested positive for COVID-19. The knee-jerk reaction to the news this close to the election spared not even safe-haven … More The Daily Dose; Knee-jerk reactions mask baked-in negativity
Risk level: Yellow RED: Severe (+/- 4%) ORANGE: High (+/- 3%) YELLOW: Elevated (+/- 2%) BLUE: Guarded (+/- 1%) THE BOOSTER SHOT -Green agenda makes sense … sometimes. -From lipstick to vinyl records, oil is here to stay British energy company BP started evacuating personnel from its rigs in the US waters of the Gulf … More Climate Initiatives and the Oil Sector Collide
-More voices join the chorus singing a tune of unlikely recovery -Norway’s Equinor sees continued demand weakness The price for Brent crude oil was slipping away from gains in Asian trading early Friday after a weaker dollar supported the global benchmark overnight. Data, meanwhile, continue to show the market is clearly oversupplied and demand signals … More The Daily Dose; The Irony That Is the United States
The GERM Report 