Daily Oil Fundamentals

Solid US Data + Elevated Middle East Risk = Oil Price Rally

18 Jul 2025

Solid US Data + Elevated Middle East Risk = Oil Price Rally

The red flag raised on Wednesday, the sticky US inflation that is as the tariff impact started to be felt, was long forgotten by yesterday. Investors’ focus shifted towards the latest set of economic data, and it was, by any standard, sanguine. Consumers were more than willing to spend, as mirrored in last month’s retail sales figures, which, to a certain extent, should not come as a surprise since the labour market appears solid.

Daily Oil Fundamentals

Another Day, Another Whim, Another Return to the Middle East

17 Jul 2025

Another Day, Another Whim, Another Return to the Middle East

Is it little wonder why the multitudes involved in financial markets, and indeed, all the civilian sectors they ultimately represent have become even more addicted to doom scrolling since one Donald J. Trump resumed power at 1600 Pennsylvania Avenue? Take your news as you see fit, right-wing, left-wing or pan-wing, his acts and words of governing bring unanimity in incredulous jaw-dropping.

Daily Oil Fundamentals

Tariffs are biting

16 Jul 2025

Tariffs are biting

The end of what appears to be a perpetual trade war for economic dominance is not in sight, but the impact of import tariffs is being felt, and the signs are inauspicious. The US government claims that the additional cost of imports is borne by the exporter, but the Bureau of Labor Statistics respectfully disagrees.