Daily Oil Fundamentals

Inflation is Hormuz Dependent

13 Aug 2026

Inflation is Hormuz Dependent

The markets lined themselves up yesterday in anticipation of the July US CPI reading which eventually delivered something of damp squib. Those that predicted only a meagre rise in the prices paid in the US were proven right and it was indeed the lower gasoline prices consumers enjoyed when the memorandum of understanding still held some viability that kept inflation in check. The strains of doves have increased in volume with the probability of a rate hike falling considerably on the CME FedWatch tool.

Daily Oil Fundamentals

Ongoing Talks, Ongoing Disruption

12 Aug 2026

Ongoing Talks, Ongoing Disruption

Oil traders remained true to their recent selves. They reacted to a smorgasbord of headlines, driving prices to highs not seen in two weeks and resulting in a rather impressive recovery of nearly $12/bbl from low to high over five days, basis Brent.

Daily Oil Fundamentals

Another Wave of Hormuz Anxiety

11 Aug 2026

Another Wave of Hormuz Anxiety

In the early days of technical analysis many of us were besotted by the Elliot Wave Theory. Positing on recurring wave patterns caused by collective investor sentiment impulse, integrated with Fibonacci correlations, Elliot Wave would give an insight into developing trends. While elements of it still exist, the theory is now debunked by most because of the subjective values, applications and more importantly how the waves were read.

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Daily Oil Fundamentals