-Europe wobbles, while US payrolls miss -We’ve got ourselves a bit of a supply problem. There were fewer ups and downs at the local trampoline park than seen in the price of oil early Thursday. For much of the week, Brent has oscillated between $41 and $42 per barrel, with US crude oil moving … More The Daily Dose; Oil Prices are Stuck in a Tunnel.
-European economy under renewed COVID-19 pressure -The UN General Assembly gives us a clue about the mood in the room. Market direction for the price of crude oil remained unclear in early Wednesday trading after the American Petroleum Institute reported a mixed bag for oil and petroleum products. Apart from a resilient pandemic dragging … More The Daily Dose; Brent remains stuck.
Risk level: RED RED: Severe (+/- 4%) ORANGE: High (+/- 3%) YELLOW: Elevated (+/- 2%) BLUE: Guarded (+/- 1%) THE BOOSTER SHOT -JPMorgan goes all in on oil price rally forecast. -Global distraction is adding a risk premium to the market. Another week, another dramatic rise in the price of crude oil. Even with stark … More Global Distraction is a Market Risk