Daily Oil Fundamentals

Stock Markets Prowl, Oil Markets Fade

15 Aug 2024

Stock Markets Prowl, Oil Markets Fade

The US CPI data came in within tolerance and the wider suite resumed its assumption of rate cuts from the US Federal Reserve in September. The CME FedWatch tool is still pricing the probability of a cut at 100% with 37.5% representing a 50-basis point cut and an overall 100-basis points cut for the balance of the year is also finding interest. The US bourses were, however, rather contained.

Daily Oil Fundamentals

So Much to Consider and Nothing is Certain

14 Aug 2024

So Much to Consider and Nothing is Certain

Markets are crashing into waves of varying drivers yet again and although the lifeboats deployed last Monday are a long way off, it is wise to wear one's life jacket on the Good Ship Uncertainty. The root of the panic of the previous week, namely Japan, is not done with causing consternation in markets.

Daily Oil Fundamentals

The Week’s Action Begins to Build

13 Aug 2024

The Week’s Action Begins to Build

There is something of a hiatus in proceedings this morning, although paths are still very much positive across most of the asset classes. Today sees the start of a bout of Tier 1 data that will define whether or not progress can be maintained and affect a reaction from the Federal Reserve when it comes to the much debated rate decision in September.