Risk level: RED RED: Severe (+/- 4%) ORANGE: High (+/- 3%) YELLOW: Elevated (+/- 2%) BLUE: Guarded (+/- 1%) THE BOOSTER SHOT -OPEC+ may have overshot. -BP to cut headcounts by 10,000. Crude oil prices looked set to establish a floor at around $40 per barrel after parties to the latest OPEC+ curtailment measure agreed … More OPEC’s Balancing Act is Wobbly
-Confidence in America is in swift decline. -Confidence in OPEC+ is up for debate. The price for Brent crude oil was moving closer to $40 per barrel in early Tuesday trading in anticipation that parties to an OPEC+ agreement will extend curtailments. Iraq, an OPEC member with a reputation for cheating, said it was steadfast … More The Daily Dose; Optimism Masks Pessimism.