The Daily Dose; Is Reality (Finally) Catching Up With the Market?

-Like OPEC, US Fed Chief Powell needs a Goldilocks moment. -OECD finds the global employment situation to be bleak. Chinese oil demand is almost back to what it was in late 2019, before the onset of the coronavirus pandemic. US consumer fuel demand, meanwhile, is recovering from an April slump. That’s the word Wednesday from … More The Daily Dose; Is Reality (Finally) Catching Up With the Market?

The Daily Dose

-The cure to lower oil prices in the US may be worse than the problem -Irrational exuberance may cause the bulls to run for crude oil prices. The slow reopening of the global economy is breathing new life into crude oil prices as demand starts to eat into supply. The US Energy Information Administration reported … More The Daily Dose