-All that positive data is old data -Brent gets comfy at around $40/bbl Crude oil prices moved higher in early Wednesday trading amid expectations of another rebound in hiring in the US economy. Data on floating storage levels, meanwhile, show demand is slowly but steadily on the rise. And while it’s a rear-view look for … More The Daily Dose; The Mood May be About to Change.
-China could usher in the Beijing Consensus -Wood Mac: Life at $30/bbl possible, but it won’t be pleasant. Rumors of normalcy returning to parts of China and extraordinary intervention by economic policy makers gave crude oil a lift in early Thursday trading, though it may be a short-lived bounce. We are in a period of … 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
The GERM Report 