-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
-US-Chinese trade war to resume -Saudi flotilla threatens to reverse US oil storage trends Technically, crude oil prices are showing a rebound in global demand. The contango structure, where the futures contract is priced higher than the spot price, is tightening, signaling oversupply concerns are fading. An examination of US road traffic shows increased mobility … More The Daily Dose
-Russia and Saudi Arabia kiss and make up -Estimates put the US unemployment rate near 25% A Saudi-Russian kiss-and-makeup moment gave support to crude oil prices early Thursday, even as the IEA warned of heightened volatility ahead. The early 2020 price war between two overseers of OPEC+ left a devastating impact on the market after … More The Daily Dose
The GERM Report 