-Optimism was misplaced -Iran to shift oil away from Persian Gulf Brent crude oil lost its grip on $40 per barrel after a damning economic assessment from the International Monetary Fund. What is set up to be three straight sessions of decline for the global benchmark indicates the early wave of optimism over the fight … More The Daily Dose; Brent Loses Grip on $40.
-The market is extremely fickle. -OPEC stands pat on outlook. It may well be the third quarter before demand resumes in the US economy. That was the word from US Federal Reserve Vice Chair Richard Clarida, who delivered a message late Tuesday to the Foreign Policy Association in New York. That followed testimony from Fed … More The Daily Dose; The Roller Coaster Economy.
Risk level: RED RED: Severe (+/- 4%) ORANGE: High (+/- 3%) YELLOW: Elevated (+/- 2%) BLUE: Guarded (+/- 1%) THE BOOSTER SHOT -There’s no going back to normal. -BP expects $55 crude at most through 2050. Reality may have finally descended on the crude oil market. The price for Brent crude oil has been on … More When Volatility is Volatile
The GERM Report 