The Daily Dose; Pessimism is sinking in

-Brent maintains shaky hold on $50 per barrel -U.S. stimulus package gets a resounding “meh.” Crude oil prices suffered another down day in Tuesday trading. Concerns about a new variant of COVID-19 spreading through the United Kingdom has effectively closed the island nation off to the rest of the world. Meanwhile, a massive stimulus package … More The Daily Dose; Pessimism is sinking in

The Daily Dose; OPEC all-but certain to stand pat on production

-OPEC has two problems; supply and demand. -China looks inward for growth. It’s Election Day in the United States and crude prices are in rally mode. It has little to do with the U.S. contest, however, and more to do with OPEC. The production group has two clear problems; one is demand, the other supply. … More The Daily Dose; OPEC all-but certain to stand pat on production