Daily Oil Fundamentals

Some Relief, At Last

13 Mar 2025

Some Relief, At Last

Correction was always coming but it was not obvious when. The answer arrived yesterday. Better than expected US inflation readings coupled with considerable drawdowns in US oil stocks attracted some money back to risk assets or at least those with short positions felt inclined to cover. As the Federal Reserve is trying to tame inflation without encouraging recession consumer prices rose in February less than expected. Headline inflation was +2.8% with the core reading at +3.1%.

Daily Oil Fundamentals

Oil is Currently Bearish but Confusing

12 Mar 2025

Oil is Currently Bearish but Confusing

As we touched on in yesterday’s report the ability for management in large corporations to pick long paths of stability is shrinking on a daily basis. If the US President has the stock market in mind, it is nothing compared with the heads of companies, who, unlike Mr Trump are not guaranteed their seats for the next 4 years. We have already heard some quibbles from the top dogs of industry. The CEO of Ford described threatened or implemented tariffs as causing “chaos” for car makers.

Daily Oil Fundamentals

The Dollar (Dis)connection

11 Mar 2025

The Dollar (Dis)connection

Whilst not exactly an eye-opener, the first few pages of Donald Trump’s book, the Art of the Deal shed some light on the incumbent administration’s erratic policing of domestic and international affairs. It appears that the Mr Trump’s attitude to conduct business, whether for his enterprises or country, has not changed over the past 40 years.