-European economy under renewed COVID-19 pressure -The UN General Assembly gives us a clue about the mood in the room. Market direction for the price of crude oil remained unclear in early Wednesday trading after the American Petroleum Institute reported a mixed bag for oil and petroleum products. Apart from a resilient pandemic dragging … More The Daily Dose; Brent remains stuck.
-China switches sides in the Thucydides Trap with India -The rally in crude oil prices this morning is a false positive. Crude oil prices were in rally mode in early morning trading after manufacturing readings in the European economy prompted something of a sigh of relief. Factory activity in China showed an uptick in August … More The Daily Dose; Rally in Oil Prices Seems Unfounded
-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 