The Daily Dose; The Mood May be About to Change.

-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.

The Daily Dose; The Economy Was Kinda Bad Already.

-US employment peaked in 4Q19. -World Bank sees lasting economic scars. Word that a trio of oil producers in the Middle East, including Saudi Arabia, would bail on extraordinary production cuts threatened to end a remarkable streak for the price of oil. Brent had been on a bull run since late April, rallying some 43% … More The Daily Dose; The Economy Was Kinda Bad Already.