Daily Oil Fundamentals

Cause and Effect is an American Thing

11 Jun 2026

Cause and Effect is an American Thing

The dark hand of inflation starts to exercise its grip within the United States as it once again accelerates; the May CPI climbed 4.2 percent year-on-year, the most since early 2023. Although the Core CPI, that which excludes food and energy, came in below expectation by increasing 0.2 percent over April, it is likely that energy costs are starting to haunt the wider economy of the US and the lower-than-expected monthly increase is due to a change in spending habits from consumers who are cutting down on non-essentials as it is not only homegrown demand that pushes pump prices higher.

Daily Oil Fundamentals

Worrying Escalation is Met with Admirable Calmness

10 Jun 2026

Worrying Escalation is Met with Admirable Calmness

Overnight developments strongly imply that, despite hopes and prevailing narratives, this conflict will not end any time soon. In fact, the escalation is a genuine cause for concern. Iran played the role of the bad actor in the latest twist of this Middle East saga when it downed an American Apache helicopter over the Strait. The response was swift, as the US military struck Iranian targets, leading to an intensifying exchange of fire.

Daily Oil Fundamentals

Hopes and Equities Both Bounce

09 Jun 2026

Hopes and Equities Both Bounce

Fears of an escalation in the conflict between the US and Iran, or, more precisely, between Israel and Iran these days, abated by yesterday afternoon, following a $5 rally earlier in the day. Reciprocal strikes between the arch enemies over the weekend were followed by a tentative cessation of hostilities, accompanied by an explicit and ominous warning from the Israeli Prime Minister that the struggle against Iran and its proxy in Lebanon was “not finished.”