The Daily Dose; The Market Disconnect Continues.

-Oil prices bounce in US jobs report. -Cleveland Fed’s Mester says the devil is in the details. Crude oil prices were on the rise in early Thursday trading after US government data showed an increase in fuel product demand. A decline in inventory levels in Cushing, Okla., the delivery point for US crude, was also … More The Daily Dose; The Market Disconnect Continues.

The Daily Dose; Just Ignore the Bad News.

-Oil prices forgot all about yesterday. -Barclays ups its oil price forecast, but adds a caveat. The market has lockdown fatigue and its memory is short. Crude oil prices lost substantial ground in the Thursday session as investors worried about the possibility of another round of lockdowns stemming from a resurgent coronavirus. US crude oil … More The Daily Dose; Just Ignore the Bad News.

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.