-Weak earnings reports set the mood for the day. -OPEC may have no choice but to stay where it is on production. The price for Brent crude oil is on pace for a 7.7% contraction for October as demand disintegration reemerges alongside the rise in new cases of the novel coronavirus. European countries, and now … More The Daily Dose; Brent on pace for a 10% contract in October
-Brent rally continues, but will it hold? -OPEC has a lot on its plate. Crude oil prices continued the bullish trends from the previous session, rallying hard on the back of data showing a big drain on US crude oil inventories and the threat from Hurricane Sally. The price for Brent broke out Tuesday … More The Daily Dose; DUCS and Rigs and Bulls. Oh my!
-Coronavirus not just a US economic issue -Iran the target of suspicious, or not so suspicious, activity Crude oil prices slipped into negative territory early Tuesday after the European Commission lowered its forecast for economic growth. Not to be outdone, Italian major Eni lowered its forecast for the price of crude oil by $10 per … More The Daily Dose; It’s Worse Than Expected.
The GERM Report 