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.”

Daily Oil Fundamentals

100 Days

08 Jun 2026

100 Days

After another week of great suspense and even greater expectation, the sum of what we learned from those that have the ability to end this battle of the pugnacious have delivered a great big, solid, fat zero. In the major M1 futures contracts the biggest mover over last week was Gasoil and its 5 percent rise but given that an approaching summer ought herald some tightness in Gasoline, RBOB surprisingly fell by 2.5 percent, and the arguably main marker of all oil futures contracts, namely Brent, ground out a paltry 1 percent rise.

Daily Oil Fundamentals

Is a War Deal Really Closer?

05 Jun 2026

Is a War Deal Really Closer?

We approach another weekend not knowing which way is up with regard to a viable peace process in the Iranian war. For all the fanfare of a deal (of sorts) between Israel and Lebanon, an integral requirement for Iran, the then rejection of it by Hezbollah can only mean that any chance of agreement between the United States and Iran must be some way off.