-US-Chinese tensions cloud hopes for sharp economic recovery -OPEC signals the end is near. The price for Brent crude oil was up early Wednesday after unofficial US data showed a sizeable draw in crude oil inventories for the week ending July 10. The rally was supported in part by heightened Cold War-like tensions between the … More The Daily Dose; Is China Winning the New Cold War?
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
-Oil prices forgot all about yesterday. -Barclays ups its oil price forecast, but adds a caveat. The market has lockdown fatigue and its memory is short. Crude oil prices lost substantial ground in the Thursday session as investors worried about the possibility of another round of lockdowns stemming from a resurgent coronavirus. US crude oil … More The Daily Dose; Just Ignore the Bad News.
The GERM Report 