-Recession, recession, recession. -In times of panic, those in charge are prone to mistakes. Markets are in a state of panic, with recession the buzzword of the trading day. The price for Brent crude oil briefly collapsed below $50 in overnight trading, though a Saudi proposal for deeper production cuts offered some respite. The deeper … More The Daily Dose
-Brent needs a keep-calm moment -Stein’s Law dictates that demand will return Crude oil prices were on pace for another round of pain on Wednesday as panic over the spread of the coronavirus overshadowed just about any other narrative relevant to traders. Though fourth quarter indicators already suggested some weakness, the restrictions in place to … More The Daily Dose
-German shooting may be adding some psychological support -Tailwinds early Thursday were coming from the glut in gasoline Brent crude oil prices were carrying the momentum forward in early Thursday trading despite negative pressure from earnings reports from the likes of Maersk. Further signs of a glut, meanwhile, did little to spoil the rally. A … More The Daily Dose
The GERM Report 