-WTO sees possible L-shaped recovery. -There’s no shortage of geopolitical risk. Crude oil prices were lower early in the trading day on Wednesday after estimates showed a mixed bag for inventories of petroleum products in the United States. A steady series of drains on US crude oil inventories suggest that demand is slowly returning to … More The Daily Dose; Lots to Unpack for Oil Price Movements.
Risk level: Yellow RED: Severe (+/- 4%) ORANGE: High (+/- 3%) YELLOW: Elevated (+/- 2%) BLUE: Guarded (+/- 1%) THE BOOSTER SHOT -Libya is the world’s playing field. -Turkey itching to break out of Anatolia. Libya on Sunday declared force majeure on oil exports after accusing agents of the United Arab Emirates of intervening in … More Libya Reinstates Force Majuere on Oil Exports
-IEA raises demand forecast, but frets over the quarantine economy -Libya is not back in action. Iran is getting restless The market situation is setup for another down day for crude oil prices. Strict OPEC discipline and exuberance over previous economic data on jobs has not been enough to keep the momentum going for black … More The Daily Dose; IEA Offers Something for Everyone
The GERM Report 