Daily Oil Fundamentals

Corporate Results Keep Attention as Harris Closes in on Nomination

23 Jul 2024

Corporate Results Keep Attention as Harris Closes in on Nomination

With the presidential debate somewhat calmed as Joe Biden tries to clear a path for Kamala Harris (touched on below) with enough alleged support to secure nomination, there does seem to be less anxiety around markets and the shelving of what the 'Trump' trade might actually mean.

Daily Oil Fundamentals

Re-thinking Upside Potential

22 Jul 2024

Re-thinking Upside Potential

We have long held the view that oil prices ought to test and even briefly penetrate the $90/bbl milestone in the third quarter of the year. Continuous OPEC+ cuts, growing confidence in lowering borrowing costs in several developed economies and seasonally strong thirst for refined products have all been part of this bullish jigsaw puzzle.

Daily Oil Fundamentals

Geopolitical Concerns Shutter Market Movement

19 Jul 2024

Geopolitical Concerns Shutter Market Movement

This morning seems to greet a market that is holstering ambition in investment as political shenanigans in the United States coupled with uncertainty in economic growth in the likes of China keep markets guessing.