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Daily Oil Fundamentals

A Delayed Reaction, But Bulls are Enjoying Themselves

20 Sep 2024

A Delayed Reaction, But Bulls are Enjoying Themselves

After the FED opened the door for risk appetite overnight on Wednesday, it did take a little while for the ever-present bulls to step through. It also took for the cash market to open and a better reading in Jobless Claims to entice continued buying taking the US bourses to record highs.

Daily Oil Fundamentals

Strong Faith in the US Economy

19 Sep 2024

Strong Faith in the US Economy

The CME FedWatch tool did not lie. The US central banks opted to lower the cost of borrowing by 0.5% to the 4.75%-5.00% range with one of the governors opting for a 0.25% decrease. The Federal Reserve has ‘greater confidence’ about inflation and sees a rough balance between achieving price stability and a healthy labour market, its two critical mandates.

Daily Oil Fundamentals

Hold that Oil Thought, Here Comes the FED

18 Sep 2024

Hold that Oil Thought, Here Comes the FED

The pre-election political environment in the US has all the ingredients of a Hollywood blockbuster. The tension is palpable, relationships are toxic, and it features the Good and the Bad, and perhaps even the Ugly. It is full of intricacy, not to mention the numerous assassination attempts and part of the storyline is centred around money.

Daily Oil Fundamentals

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