Insights

Daily Oil Fundamentals

The Feel-Good Factor Spreads

11 Jul 2024

The Feel-Good Factor Spreads

It remains difficult to not approach each morning by first looking at the state of equities. When the Nikkei, S&P and Nasdaq continue to make record highs on a daily basis, it is always worthy to see if the infectious bullish behaviour in stock markets is about to jump species and influence commodities such as oil. Looking for demand and that which drives it is always responsible, however, demand can accumulate from sentiment and bourses are dripping with positive vibes.

Daily Oil Fundamentals

Bear Cameo

10 Jul 2024

Bear Cameo

Oil prices have been on a relentless retreat over the past three days. Technical supports have

been broken under and the prospects are looking increasingly grim. This view was confirmed by

the Chinese inflation data released overnight.

Daily Oil Fundamentals

Oil is Slightly Supressed and Sidelined

09 Jul 2024

Oil is Slightly Supressed and Sidelined

Hurricane Beryl has not only dumped water on all in its path, but it has also quenched some of the bullish fervour that was slowly developing within the oil fraternity. The Port of Houston, pipelines and other associated infrastructure have been taken offline, but the market reaction is curiously muted.

Daily Oil Fundamentals

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