-Up again, down again. Up gain, down again. -Belarus could be the next Ukraine. The price of oil is in stand-still mode as traders and investors take a wait-and-see approach ahead of Wednesday’s meeting of the committee monitoring OPEC curtailments. So far, parties to the agreement to trim some 7.7 million barrels per day from … More The Daily Dose; Wake Me Up When Oil Prices Get Unstuck.
-The market is cherry-picking data. -Brent loses its grip on $40 per barrel. It was déjà vu all over again. It was déjà vu all over again. The slump in crude oil prices that was anticipated after US crude and fuel inventory data failed to materialize in the previous session, supported by a weaker US … More The Daily Dose; Pick Your Headline.
-Cushing is already full. -The US oil economy may need a panic button. The primary US commercial storage facility in Cushing, Okla., is full for all intents and purposes. That’s the word Tuesday from Ole Hansen, the head of commodity strategy at Saxo Bank, after the biggest collapse in US crude oil prices since record-keeping … More The Daily Dose
The GERM Report 