-North American oil prospects are fading -OPEC+ has some tough homework over the weekend. Brent crude oil was unable to hold up a strong defense for $40 per barrel on supply-side pressures and weak prospects for a sharp economic recovery. A miss on gross domestic product in the British economy was compounded by the … More The Daily Dose; Brent has Work to Do
-Demand concerns finally catch up with commodities -Were cheap gas and complacency enough to put US drivers in a holiday mood? Demand concerns are putting pressure on the energy market, with Brent threatening to drop below the $40 per barrel mark in early trading on Tuesday. Demand becomes a particular issue in the US economy, … More The Daily Dose; Brent is in Correction Mode
-China switches sides in the Thucydides Trap with India -The rally in crude oil prices this morning is a false positive. Crude oil prices were in rally mode in early morning trading after manufacturing readings in the European economy prompted something of a sigh of relief. Factory activity in China showed an uptick in August … More The Daily Dose; Rally in Oil Prices Seems Unfounded
The GERM Report 