-The “P” work strikes again -We could be in for a rough financial winter Crude oil prices were moving into negative territory early in the Thursday session in response to another wave of furloughs and a messy British divorce from the European Union. As expected, oil prices bounced higher after reports of another drain … More The Daily Dose; Ready for another go at negativity
-Europe wobbles, while US payrolls miss -We’ve got ourselves a bit of a supply problem. There were fewer ups and downs at the local trampoline park than seen in the price of oil early Thursday. For much of the week, Brent has oscillated between $41 and $42 per barrel, with US crude oil moving … More The Daily Dose; Oil Prices are Stuck in a Tunnel.
-Chart for Brent is flatlined -Mind the caveats from the Bank of England. Traders cherry-picked an assessment from the OECD that the global economy would fare better than first expected, ignoring the pessimism from early in the week from BP, the IEA and OPEC. A drain on US commercial crude oil inventories and gasoline, … More The Daily Dose; Brent Prices Seem Happy Where They Are, for Now.
The GERM Report 