-US data looks to show another draw, but don’t get too excited -The Shiites are backed into a corner. Some dip-buying was in play early Wednesday, after contagion set in to shave some 5.3% off the price of Brent and 6.2% from West Texas Intermediate. Worries about an off-kilter market have turned to reality, … More The Daily Dose; Dip-buying Supporting Brent’s Defense of $40/bbl
-There are many asterisks in the latest US jobs data -The US is in flames, and the threat of war is growing in the Mediterranean. Crude oil prices had modest support in early-morning trading, though it quickly faded, as investors looked for optimistic data before US demand peters out after the long holiday weekend. A … More The Daily Dose; Fear is Growing
-US economy is in stand-still mode -Hurricane Laura spares much of Texas, though don’t ignore its impact. A down day in the Asian markets spilled over into morning trading in the US to help drag the price of oil lower. Crude oil prices have barely moved mid-week as traders had already bet in the impact … More The Daily Dose; Economic Weakness Limiting Oil Gains
The GERM Report 