-The market is extremely fickle. -OPEC stands pat on outlook. It may well be the third quarter before demand resumes in the US economy. That was the word from US Federal Reserve Vice Chair Richard Clarida, who delivered a message late Tuesday to the Foreign Policy Association in New York. That followed testimony from Fed … More The Daily Dose; The Roller Coaster Economy.
-Bulls and bears cheer IEA report. -Uncertainty is the only guarantee. The one thing market observers are sure about in this environment is the high level of uncertainty. Intraday volatility has left many people wondering about the growing disconnect between market sentiment and market fundamentals. Crude oil prices slumped in early Monday trading, only to … More The Daily Dose; Something for Everyone.
-The market is cherry-picking data. -Brent loses its grip on $40 per barrel. It was déjà vu all over again. It was déjà vu all over again. The slump in crude oil prices that was anticipated after US crude and fuel inventory data failed to materialize in the previous session, supported by a weaker US … More The Daily Dose; Pick Your Headline.
The GERM Report 