Risk level: Yellow RED: Severe (+/- 4%) ORANGE: High (+/- 3%) YELLOW: Elevated (+/- 2%) BLUE: Guarded (+/- 1%) THE BOOSTER SHOT -OPEC+ made a mistake. -A V-shaped recovery is out of the question. Crude oil prices suffered a deep contraction last week on clear signs that a V-shaped recovery was unlikely. A surprise build … More No Envy for OPEC
-North American oil prospects are fading -OPEC+ has some tough homework over the weekend. Brent crude oil was unable to hold up a strong defense for $40 per barrel on supply-side pressures and weak prospects for a sharp economic recovery. A miss on gross domestic product in the British economy was compounded by the … More The Daily Dose; Brent has Work to Do
-OPEC needs to do some serious thinking -Two years before recovery happens, Delta Air Lines said. Crude oil prices dipped slightly in early Tuesday trading after the secretary general of OPEC said the market was balancing out. The contango structure, where front-month contracts are trading higher than the spot market, is shrinking, confirming OPEC’s position … More The Daily Dose; Will OPEC Make the Right Move?
