The Daily Dose; The Economy Was Kinda Bad Already.

-US employment peaked in 4Q19. -World Bank sees lasting economic scars. Word that a trio of oil producers in the Middle East, including Saudi Arabia, would bail on extraordinary production cuts threatened to end a remarkable streak for the price of oil. Brent had been on a bull run since late April, rallying some 43% … More The Daily Dose; The Economy Was Kinda Bad Already.

The Daily Dose

-Want the government to step in? Be careful what you wish for. -Bob McNally believes April will be “a particularly brutal month”. It seems as if most major oil producers will at the very least back some sort of rhetoric stating they’re all on the same page. There are few, if any, winners in the … More The Daily Dose

The Daily Dose

-Central banks may run out of tools -OPEC+ in desperate need of a Goldilocks policy  It was déjà vu all over again in early Wednesday trading, with Brent rallying on the back of stimulus in the form of Saudi support for deeper production cuts to stem the glut left by demand destruction. The coronavirus knows … More The Daily Dose