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.

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.