-The sky is falling. The sky is falling. -Wood Mac: A $10 hit to Brent means a $40 billion hit to quarterly cash flow. A sense of gloom has clearly set in for oil markets, with Brent falling some 8% over the first three trading days of the week. If the trend continues, it could … More The Daily Dose
-Brent needs a keep-calm moment -Stein’s Law dictates that demand will return Crude oil prices were on pace for another round of pain on Wednesday as panic over the spread of the coronavirus overshadowed just about any other narrative relevant to traders. Though fourth quarter indicators already suggested some weakness, the restrictions in place to … More The Daily Dose
-IEA may revise demand even lower -Home Depot posts a strong 2019 The price for Brent crude oil dropped in dramatic fashion on Monday on fears the coronavirus could spread quickly beyond China and into the European economy. Markets were softer in early Tuesday trading, with some support coming from a positive earnings report from … More The Daily Dose
The GERM Report 