-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.
-BoE frets over furloughs -OPEC+ signals the end is near Expectations of a return to growth in the US manufacturing sector combined with a reported drain on US crude oil inventories helped give crude oil prices a lift in early Wednesday trading. Crude oil prices fell in the previous session after the top infectious disease … More The Daily Dose; Brent Just Can’t Catch a Break.
Risk level: Orange RED: Severe (+/- 4%) ORANGE: High (+/- 3%) YELLOW: Elevated (+/- 2%) BLUE: Guarded (+/- 1%) THE BOOSTER SHOT -After OPEC+, Russia sees a geopolitical opening. -Pleas to support globalization continue. The price for Brent crude oil fell more than 2% for the week ending June 26 as an uptick in coronavirus … More The Russian Bear Breaks Free