-Profit-taking may be in play -Markets shrug off Hurricane Delta Crude oil prices were moving in negative territory after already-fading hopes for a US stimulus package ended. That came after warnings from the top bank official about necessary support. Across the Atlantic, meanwhile, and there are signs the European economy may be facing some … More The Daily Dose; Trump breaks the economy
-The “P” work strikes again -We could be in for a rough financial winter Crude oil prices were moving into negative territory early in the Thursday session in response to another wave of furloughs and a messy British divorce from the European Union. As expected, oil prices bounced higher after reports of another drain … More The Daily Dose; Ready for another go at negativity
-Kemp: Contango structure deepens -Nord Stream may be too advanced to abandon. Even with a sizeable draw on US commercial crude oil inventories, demand signals didn’t add up to a rally for the price of oil in Wednesday trading. The trend continued into early-morning activity on Thursday, though it may be a bit of a … More The Daily Dose; Energy and Geopolitics Collide in Europe
The GERM Report 