-Seasonal factors are heightened by the pandemic. -Some OPEC producers are getting impatient. It was another bruising day for crude oil prices, though major indices had recovered somewhat from the early-morning sell off. We’ve said it before and we’ll say it again, demand is a clear issue as the pandemic holds no quarter. Apart from … More The Daily Dose; Demand is Dead. Long Live Demand!
-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
-Stimulus meets the surrealism of populism. -First-half optimism is starting to fade. Crude oil prices were in retreat early in the Friday session amid jitters over global economic recovery plans. Risk analysts expect Jenga-like challenges will erupt in emerging markets that may lack the healthcare infrastructure to deal with the pandemic. Elsewhere, the Chinese appetite … More The Daily Dose; Is Stimulus Over?
The GERM Report 