The Daily Dose; Demand is Dead. Long Live Demand!

-Seasonal factors are heightened by the pandemic. -Some OPEC producers are getting impatient. It was another bruising day for crude oil prices, though major indices had recovered somewhat from the early-morning sell off. We’ve said it before and we’ll say it again, demand is a clear issue as the pandemic holds no quarter. Apart from … More The Daily Dose; Demand is Dead. Long Live Demand!

The Daily Dose; Saudi missile threat? What Saudi missile threat?

-We clearly have a demand problem going forward. -Market shrugs off landfall of Hurricane Zeta. It was a bloodbath for crude that not even missile threats for Saudi Arabia could upend. And traders all-but ignored landfall from Hurricane Zeta. Instead, it was a build on commercial crude oil inventories in the United States and tightened … More The Daily Dose; Saudi missile threat? What Saudi missile threat?