-A fear factor may be at play in the price of oil. -The quarantine economy knows no quarter. First quarter GDP in the United States showed a 4.8% contraction, Germany – Europe’s largest economy – could post a 6.6% dip this year and Saudi Arabia reported that oil revenues were down 24% year-on-year. The quarantine … More The Daily Dose
-China chums the oil waters. -WTI may be on life support as a benchmark. Retail investors leap-frogged to late-month contracts for WTI, devastating the US benchmark for the price of oil. A perfect storm of market competition, demand destruction and technical trading parameters has brought the US oil sector to its knees. And it’s getting … More The Daily Dose
Risk level: RED RED: Severe (+/- 4%) ORANGE: High (+/- 3%) YELLOW: Elevated (+/- 2%) BLUE: Guarded (+/- 1%) THE BOOSTER SHOT -The dangers of over-reaction are high in times of crisis. -Earnings week from global supermajors will tell us how bad things really are. A change in the rules is necessary so that a … More AmericaOil
The GERM Report 