Daily Oil Fundamentals

Oil Struggles to Shake Off Trade Deal Suppressant

24 Jul 2025

Oil Struggles to Shake Off Trade Deal Suppressant

Not even the higher-than-expected draws in Crude and Gasoline in the EIA Inventory Report were enough to pull oil from its defensive posture brought about by the fluid trade situation in trade talks. Crude stocks pulled by 3.1mb, almost double the expectation as exports increased. Decent enough to paint a tighter picture, but the market is nagged by a doubt in Gasoline demand.

Daily Oil Fundamentals

Japan Makes a Deal, Oil Prices Do Not Care

23 Jul 2025

Japan Makes a Deal, Oil Prices Do Not Care

The news of the morning trophy resides with how the US and Japan have finally come to terms on tariffs. Such is they way of things that a 15% tax on trade is presented as a victory by the Japanese side of the argument not only politically, but speculatively in how car maker shares have roared by over 10%. Faced with an August 1st tariff of 25%, and that car exports make up a substantial part of Japan’s exports to the US, the reprieve rally in auto shares allowing the Nikkei to increase by 4% is more than understandable.

Daily Oil Fundamentals

Unsigned Trade Deals Hold No Limitations for Stock Markets

22 Jul 2025

Unsigned Trade Deals Hold No Limitations for Stock Markets

The extraordinary optimism in US stock markets continue to not only amaze as a study, but also to achieve record highs in the S&P and Nasdaq once again. Even before results are made public, the mega caps of Alphabet, Meta, Amazon, Meta and Netflix all rose by between 1 and 3 percent yesterday. Garnered by the prospect of a good results season, particularly from tech stocks, and a propensity to believe the US will carve out a trade deal with its two most important partners, Japan and the European Union just on the mere say-so of Commerce Secretary, Howard Lutnick.