The Daily Dose; Tailwinds from vaccine prospects subside

-Dallas Fed sees signs of a modest slowdown. -India’s economy entered a technical recession. Crude oil prices wavered between gains and losses for much of the session on Wednesday, but the bulls were losing grip amid a trove of negativity. India is showing an increase in fuel demand, but its economy is also in recession. … More The Daily Dose; Tailwinds from vaccine prospects subside

The Daily Dose; OPEC all-but certain to stand pat on production

-OPEC has two problems; supply and demand. -China looks inward for growth. It’s Election Day in the United States and crude prices are in rally mode. It has little to do with the U.S. contest, however, and more to do with OPEC. The production group has two clear problems; one is demand, the other supply. … More The Daily Dose; OPEC all-but certain to stand pat on production

The Daily Dose; Brent on pace for a 10% contract in October

-Weak earnings reports set the mood for the day. -OPEC may have no choice but to stay where it is on production. The price for Brent crude oil is on pace for a 7.7% contraction for October as demand disintegration reemerges alongside the rise in new cases of the novel coronavirus. European countries, and now … More The Daily Dose; Brent on pace for a 10% contract in October