Tag: pandemic

The Daily Dose; Risk-on, but it’s temporary

October 6, 2020

-Hurricane threat adds to bullish sentiment -IMF warns of a bumpy road to recovery   Crude oil prices continued to rally early in the Tuesday session, though it had little to do with the health of the US president this time around. Hurricane Delta has already prompted some companies to shield their assets and personnel … More The Daily Dose; Risk-on, but it’s temporary

The Daily Dose; Oil Back in Red on Weak Economic Data

September 10, 2020

-Russia frets about the possibility of life at $25 per barrel -US troubles overshadow risk elsewhere.   Crude oil prices were brushing off the irrational exuberance caused by dip-buying and an upward revision to market direction from the US Energy Information Administration. The bullish momentum in Wednesday trading was supported further by a massive draw … More The Daily Dose; Oil Back in Red on Weak Economic Data