-A rolling recovery will separate the winners from the losers -Saxo Bank: Oil prices are at a point where cheating becomes attractive to producers Crude oil prices were in rally mode early Thursday on continued signals that some parts of the global economy are opening back up. China announced further stimulus efforts that it said … More The Daily Dose
Risk level: RED RED: Severe (+/- 4%) ORANGE: High (+/- 3%) YELLOW: Elevated (+/- 2%) BLUE: Guarded (+/- 1%) THE BOOSTER SHOT -If this is indeed Trump’s oil deal, let him have it. -Crude oil prices got support last week from quarantine easing. The narrative that US President Donald Trump bullied Saudi Arabia into ending … More The Deal of the Century
-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
The GERM Report 