Daily Oil Fundamentals

Still the Tail on the Dog

28 Apr 2025

Still the Tail on the Dog

Oil prices endured another contained existence last week and while the high/low ranges were decent enough if one were interested in such short-termism, the overall finishes indicate a market that is in the main, apart from an expiring Brent front spread, unwilling to be too expressive be they in bullish or bearish leanings. The front month futures contracts of WTI finished -$1.66/barrel, Brent -$1.09/barrel, Heating Oil +1.50c/gallon, RBOB +2.01c/gallon and Gasoil -$4.00/tonne.

Daily Oil Fundamentals

Google to the Rescue, But For How Long?

25 Apr 2025

Google to the Rescue, But For How Long?

Tracking and studying Trump’s tariffs has all the hallmarks of tarot card reading. Flipping the cards, as appears the case in the White House, seems to only convene chaos, whatever equivalent face that may be in so-called seer’s nonsense. Fortunately, spooking your friends in a derelict building when growing up is easily dismissed, but tariffs are not.

Daily Oil Fundamentals

Despite Growing Risk Appetite, the Future Remains Uncertain

24 Apr 2025

Despite Growing Risk Appetite, the Future Remains Uncertain

Global equities and oil have re-taken vast swathes of the territory they lost in the sell-off triggered by Donald Trump's ill-fated tariff announcement on April 2. The reasons for the reversal are numerous. After a significant sell-off perceived positive developments tend to bear more significance than they should; it is always tempting to buy into massive dips.