-Brent maintains shaky hold on $50 per barrel -U.S. stimulus package gets a resounding “meh.” Crude oil prices suffered another down day in Tuesday trading. Concerns about a new variant of COVID-19 spreading through the United Kingdom has effectively closed the island nation off to the rest of the world. Meanwhile, a massive stimulus package … More The Daily Dose; Pessimism is sinking in
-The quarantine economy is a mismatched one. -US shale showing its resiliency. Remember Monday? Ahh, the good ol’ day. We started the week with crude oil prices rallying in stellar fashion on hopes of a vaccine for COVID-19. Since then, we’ve seen an exponential rise in new infections, particularly in the United States where partisan … More The Daily Dose; Ah … Remember Monday?
-EIA sees Brent at $47 per barrel. It started the year closer to $70. -We may be headed back into the tunnel. Crude oil prices remained in rally mode on Tuesday, though it may be a carry-over from the optimism the fueled the major rally in the previous session. Support came elsewhere from a report … More The Daily Dose; A vaccine will help, but that help is not right around the corner
The GERM Report 