Daily Oil Fundamentals

A Tough Week for Oil, with Another to Follow

27 Nov 2023

A Tough Week for Oil, with Another to Follow

Last week was extraordinary, the moves breath taking, leaving participants feeling nauseous in dips and vertiginous in rallies in single day oscillations, and adding to the outer-world feeling is that the marker crudes chimed in with almost zero changes with WTI -$0.35/barrel on the week and Brent -$0.03.

Daily Oil Fundamentals

PMIs Make it Even Harder for OPEC

24 Nov 2023

PMIs Make it Even Harder for OPEC

The oil suite remains rather stunned after the cancellation of Saudi Sunday. With the Thanksgiving holiday in the US in full swing and the risk aversion that has ensued, some of the crazy has left the market as those that...

Daily Oil Fundamentals

Much to Chew Over, But it is All About OPEC

22 Nov 2023

Much to Chew Over, But it is All About OPEC

It is hardly surprising that the markets find themselves in a somewhat state of hiatus this morning, influences are many and variable, come in both bullish and bearish guises and the gamut in between.