Daily Oil Fundamentals
Re-invigorated Rate Hopes
19 Jun 2024Re-invigorated Rate Hopes
Renewed Ukrainian assaults on Russian oil installations and conducive macroeconomic backdrop helped oil prices continue their upward journey.
Daily Oil Fundamentals
Bulls are in Control
18 Jun 2024Bulls are in Control
It is axiomatic that if China is infected with an economic virus, the whole would feel the repercussions. Yesterday was the exception that proved the rule. Industrial output, the backbone of the world’s second biggest economy, expanded less in May than in April and came in under forecas
Daily Oil Fundamentals
Tentative Hopes
17 Jun 2024Tentative Hopes
After three weeks of losses the oil complex finally made amends and gained some traction. The move higher was not unreservedly convincing, nonetheless developments over the past five trading sessions did not indicate any souring of investors’ sentiment either.
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