Tag: GCC

The Daily Dose; Brent had a Break-out Moment

September 15, 2020

-Brent rallies despite demand concerns. -Tensions in the Persian Gulf are escalating.   Crude oil prices broke out of pattern in bullish fashion early Tuesday, triggered by the looming threat of Hurricane Sally, though demand remains a real concern. Brent crude oil came under pressure on Monday after British energy company BP dared to suggest … More The Daily Dose; Brent had a Break-out Moment

The Daily Dose

May 12, 2020

-Dr. Fauci’s “too soon” warnings may be relevant for the oil sector. -Brent continues to climb amid pivot to the new normal. The likelihood that Brent crude oil would follow WTI into negative territory was never a real possibility, one market assessment read. In the US shale patch, it looks like the worst is over, … More The Daily Dose