The Daily Dose; The Mood May be About to Change.

-All that positive data is old data -Brent gets comfy at around $40/bbl Crude oil prices moved higher in early Wednesday trading amid expectations of another rebound in hiring in the US economy. Data on floating storage levels, meanwhile, show demand is slowly but steadily on the rise. And while it’s a rear-view look for … More The Daily Dose; The Mood May be About to Change.

The Daily Dose

-Geopolitical risk mounts a comeback. -US “reopen” movements exposes risk of politicizing crises. Politicizing a crisis is indicative of a lack of genuine leadership and it often results in unintended blowback. This is true in the case of the coronavirus and the oil markets. Right-leaning leaders that represent oil-producing states in the US spent much … More The Daily Dose