-ECB points fingers at US pandemic. -Things are getting chippy in the Persian Gulf. Crude oil prices were once again under pressure on Thursday following economic warnings from OPEC and the US Federal Reserve. Traders will be looking at the unemployment level in the United States, which is expected to show marginal improvement. Norway, a … More The Daily Dose; Wake Up, Traders! Stuff is Still Happening.
-WTO sees possible L-shaped recovery. -There’s no shortage of geopolitical risk. Crude oil prices were lower early in the trading day on Wednesday after estimates showed a mixed bag for inventories of petroleum products in the United States. A steady series of drains on US crude oil inventories suggest that demand is slowly returning to … More The Daily Dose; Lots to Unpack for Oil Price Movements.
-Oil prices up on data cherry-picking -It’s LNG this time around that gives us a good geopolitical picture. Crude oil prices were again in rally mode after US data showed a draw on all major petroleum components. The selection of California Sen. Kamala Harris as the vice president on the Democrat’s ticket may also be … More The Daily Dose; US Energy Products Are Not Leaving Shore.
The GERM Report 