-Market factors drive market factors -US unemployment figures a disappointment Crude oil prices, along with major equities, turned lower early in the Friday session on word the US president, his wife and a top aide tested positive for COVID-19. The knee-jerk reaction to the news this close to the election spared not even safe-haven … More The Daily Dose; Knee-jerk reactions mask baked-in negativity
-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
The GERM Report 