-Brent rallies despite demand concerns. -Tensions in the Persian Gulf are escalating. Crude oil prices broke out of pattern in bullish fashion early Tuesday, triggered by the looming threat of Hurricane Sally, though demand remains a real concern. Brent crude oil came under pressure on Monday after British energy company BP dared to suggest … More The Daily Dose; Brent had a Break-out Moment
-Coca Cola shows us the economy isn’t doing well -Hurricane Laura was a bit of a nothing burger for energy. The price for Brent crude oil is on pace for a gain of around 2% this week, though much of that gain was due to the impacts of storms in the oil-rich Gulf of Mexico. … More The Daily Dose; Someone Get Brent a Pillow
-US economy is in stand-still mode -Hurricane Laura spares much of Texas, though don’t ignore its impact. A down day in the Asian markets spilled over into morning trading in the US to help drag the price of oil lower. Crude oil prices have barely moved mid-week as traders had already bet in the impact … More The Daily Dose; Economic Weakness Limiting Oil Gains
The GERM Report 