-China may be the only bright spot in the market -Norway shows BP was wrong. Crude oil prices were unable to breakout in the previous session and now look to finish the week lower by about 3% for Brent, the global benchmark. There were flickers of optimism on the investment front as Norway had … More The Daily Dose; Big Economies are Faltering
-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.
-Do Libyan barrels have any place to go? -The market is stuck between a rock and a hard place. Traders were buying the dip in early morning trading after crude oil suffered major losses in the previous session. The specter of the possible return of Libyan barrels on the water and last week’s rush … More The Daily Dose; Brent is in a Tunnel.
The GERM Report 