-Brent rallies despite demand concerns. -Tensions in the Persian Gulf are escalating. Crude oil prices broke out of pattern in bullish fashion early Tuesday, triggered by the looming threat of Hurricane Sally, though demand remains a real concern. Brent crude oil came under pressure on Monday after British energy company BP dared to suggest … More The Daily Dose; Brent had a Break-out Moment
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
-Eurozone PMI just barely on the positive side of growth. -Libyan government in Tripoli declares cease-fire. Crude oil prices were moving into negative territory for the third-straight session on signs that hopes for a V-shaped economic recovery are fading. The data firm IHS Markit found that economic growth in the Eurozone is slowing down just … More The Daily Dose; European Weakness Drags Oil Prices Lower.
The GERM Report 