Daily Oil Fundamentals

Re-invigorated Rate Hopes

19 Jun 2024

Re-invigorated Rate Hopes

Renewed Ukrainian assaults on Russian oil installations and conducive macroeconomic backdrop helped oil prices continue their upward journey.

Daily Oil Fundamentals

Bulls are in Control

18 Jun 2024

Bulls are in Control

It is axiomatic that if China is infected with an economic virus, the whole would feel the repercussions. Yesterday was the exception that proved the rule. Industrial output, the backbone of the world’s second biggest economy, expanded less in May than in April and came in under forecas

Daily Oil Fundamentals

Tentative Hopes

17 Jun 2024

Tentative Hopes

After three weeks of losses the oil complex finally made amends and gained some traction. The move higher was not unreservedly convincing, nonetheless developments over the past five trading sessions did not indicate any souring of investors’ sentiment either.