Daily Oil Fundamentals

Competing Drivers and Uncertainty Keeps Enthusiasm Contained

07 Feb 2024

Competing Drivers and Uncertainty Keeps Enthusiasm Contained

Having clawed their way back into something akin to a recovery after last week's shellacking, well at least for the moment, oil prices are yet again showing signs of captured behaviour with bulls and bears struggling to make...

Daily Oil Fundamentals

Ceasefire and ‘Prudence’ Keep Bulls Wary

05 Feb 2024

Ceasefire and ‘Prudence’ Keep Bulls Wary

Oil prices enter the week trying to regain a little composure after concerted US-led air strikes switched from targets in Syria and Iraq to those of Houthi aggressor sites in Yemen over the weekend.

Daily Oil Fundamentals

To Cease Fire or Not?

02 Feb 2024

To Cease Fire or Not?

Anyone pondering on the extent of the geopolitical risk premium built in the price of oil due to the Middle East crisis got a strong hint between 5 and 5.30 pm London time yesterday when Brent dropped more than...