-Confidence in America is in swift decline. -Confidence in OPEC+ is up for debate. The price for Brent crude oil was moving closer to $40 per barrel in early Tuesday trading in anticipation that parties to an OPEC+ agreement will extend curtailments. Iraq, an OPEC member with a reputation for cheating, said it was steadfast … More The Daily Dose; Optimism Masks Pessimism.
Risk level: ORANGE RED: Severe (+/- 4%) ORANGE: High (+/- 3%) YELLOW: Elevated (+/- 2%) BLUE: Guarded (+/- 1%) THE BOOSTER SHOT -America is burning. -Crude oil price volatility is ebbing, for now. America is burning. The death of 46-year-old George Floyd, ostensibly at the hands of a Minnesota police officer, ignited rage among the … More The GERM Report; New Fires Raging in a Ravaged Economy
-Russia and Saudi Arabia are at it again. -Hong Kong’s status as a global financial hub is in serious jeopardy. The spot price for Brent crude oil was in positive territory early Thursday, though front-month contracts were down after the American Petroleum Institute reported a sizeable build in US crude oil inventories. Concerns about overflowing … More The Daily Dose; Concerns are A’plenty
The GERM Report 