-US-Chinese trade war to resume -Saudi flotilla threatens to reverse US oil storage trends Technically, crude oil prices are showing a rebound in global demand. The contango structure, where the futures contract is priced higher than the spot price, is tightening, signaling oversupply concerns are fading. An examination of US road traffic shows increased mobility … More The Daily Dose
-China chums the oil waters. -WTI may be on life support as a benchmark. Retail investors leap-frogged to late-month contracts for WTI, devastating the US benchmark for the price of oil. A perfect storm of market competition, demand destruction and technical trading parameters has brought the US oil sector to its knees. And it’s getting … More The Daily Dose
Risk level: RED RED: Severe (+/- 4%) ORANGE: High (+/- 3%) YELLOW: Elevated (+/- 2%) BLUE: Guarded (+/- 1%) THE BOOSTER SHOT -WTI in a free fall, but it doesn’t matter -No production deal can save us now. Except when it does. If you’re reading this, odds are you work in the energy sector, though … More Things Are Exactly How They Seem
The GERM Report 