-Expect the unexpected once oil recovers, operators say. -Hiring in the United States is so last year. Implied demand in the form of gradual economic reopening coupled with market-driven production closures led to weekly gains in the price of oil. From Australia to France, governments are unveiling step-by-step guidelines for economic reopening. In the US, … More 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
-A fear factor may be at play in the price of oil. -The quarantine economy knows no quarter. First quarter GDP in the United States showed a 4.8% contraction, Germany – Europe’s largest economy – could post a 6.6% dip this year and Saudi Arabia reported that oil revenues were down 24% year-on-year. The quarantine … More The Daily Dose
The GERM Report 