Daily Oil Fundamentals

Prices Reset with Quiet Geopols and Another Pivot Pushback

21 Feb 2024

Prices Reset with Quiet Geopols and Another Pivot Pushback

Oil prices took yesterday as day of correction which was inspired by a lack of any further conflict news from the world's clash points as markets had to settle on what was bothering the macro world.

Daily Oil Fundamentals

Bull Retribution

16 Feb 2024

Bull Retribution

Wednesday’s sell-off began immediately after the release of the US inventory report by the EIA. There was a tentative attempt to recover yesterday morning, but hopes were shattered after the IEA published its updated supply-demand outlook.

Daily Oil Fundamentals

Geopolitics Trumps Deferred Rate Cut Expectations

14 Feb 2024

Geopolitics Trumps Deferred Rate Cut Expectations

The key takeaway after yesterday’s confident performance in the oil market is that currently events around Israel and Gaza together with Ukraine’s war against Russia weighs more on the sentiment than disappointing US inflation data.