Daily Oil Fundamentals

Oil's Progress is aligned with Trade Uncertainty

21 Jul 2025

Oil's Progress is aligned with Trade Uncertainty

Last week’s action in oil prices turned out to be a rather muted affair with futures in M1 WTI, Brent and RBOB falling 1.5%, Gasoil improving by 2% and Heat only managing to scrape a positive return. Unfortunately, the low state of inventory and the narrative surrounding it, were in the main neutered by continued anxiety in how tariffs would play out. None more so than the unsettling standoff in what, or if, any levies and reciprocals look like between the United States and the European Union.

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.