The Daily Dose

-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

The Daily Dose

-Fears of overflowing storage are subsiding. -OPEC sees worst contraction coming in 2Q. The headline in Reuters is that Hollywood can learn a thing or two from the porn industry, and again those of us observing the oil market can learn a thing or two from the health sector. Testifying via video conference, Dr. Anthony … More The Daily Dose

The Daily Dose

-Dr. Fauci’s “too soon” warnings may be relevant for the oil sector. -Brent continues to climb amid pivot to the new normal. The likelihood that Brent crude oil would follow WTI into negative territory was never a real possibility, one market assessment read. In the US shale patch, it looks like the worst is over, … More The Daily Dose