-Analysts scoff at Riyadh’s Clint Eastwood Moment -Libya may be back in play. The market taste-tested $43 per barrel for Brent crude oil and didn’t seem to care for it much, at least in movements before the start of Friday trading in the United States. The global benchmark for the price of oil is … More The Daily Dose; Brent Overheated.
-Brent rallies despite demand concerns. -Tensions in the Persian Gulf are escalating. Crude oil prices broke out of pattern in bullish fashion early Tuesday, triggered by the looming threat of Hurricane Sally, though demand remains a real concern. Brent crude oil came under pressure on Monday after British energy company BP dared to suggest … More The Daily Dose; Brent had a Break-out Moment
-US data looks to show another draw, but don’t get too excited -The Shiites are backed into a corner. Some dip-buying was in play early Wednesday, after contagion set in to shave some 5.3% off the price of Brent and 6.2% from West Texas Intermediate. Worries about an off-kilter market have turned to reality, … More The Daily Dose; Dip-buying Supporting Brent’s Defense of $40/bbl
The GERM Report 