-ECB points fingers at US pandemic. -Things are getting chippy in the Persian Gulf. Crude oil prices were once again under pressure on Thursday following economic warnings from OPEC and the US Federal Reserve. Traders will be looking at the unemployment level in the United States, which is expected to show marginal improvement. Norway, a … More The Daily Dose; Wake Up, Traders! Stuff is Still Happening.
-US-Chinese tensions cloud hopes for sharp economic recovery -OPEC signals the end is near. The price for Brent crude oil was up early Wednesday after unofficial US data showed a sizeable draw in crude oil inventories for the week ending July 10. The rally was supported in part by heightened Cold War-like tensions between the … More The Daily Dose; Is China Winning the New Cold War?
-IEA raises demand forecast, but frets over the quarantine economy -Libya is not back in action. Iran is getting restless The market situation is setup for another down day for crude oil prices. Strict OPEC discipline and exuberance over previous economic data on jobs has not been enough to keep the momentum going for black … More The Daily Dose; IEA Offers Something for Everyone
The GERM Report 