Crude oil prices continued their recovery, with early-morning movements suggesting a healthy bounce ahead of the release of key US inventory data. The rebound could be reflective of a sigh of relief given Chinese assurances on containing the coronavirus. Brent seems to be making a run, albeit a meandering one, back to the $60 per … More The Daily Dose
Crude oil prices edged lower in early morning trading after rallying some 3% in the previous session. The decline is in response to a report from the IEA that finds the coronavirus is having a major impact on the Chinese economy, the second-largest in the world. A new way of counting infections in Hubei province, … More The Daily Dose
-Libyan production is not the same as Libyan exports. -The rally in crude oil prices may be technical in nature. -Oil prices may be supported by a fire at an Exxon refinery in Baton Rouge. Crude oil prices were on pace for the third straight day of advances in early Wednesday trading amid signs the … More The Daily Dose
The GERM Report 