Daily Oil Fundamentals

Many Drivers are at Work, But None Can Yet Break Oil’s Range

23 Jan 2024

Many Drivers are at Work, But None Can Yet Break Oil’s Range

It is difficult to quantify, let alone qualify how the flying equity markets' risk-on mood is spreading into oil, other than a possible notion of higher stock values forming a strand of demand, and that a flagging yield environment has brought an end to the rampant recovery of the US Dollar which has not made new highs for over a week now.

Daily Oil Fundamentals

Warnings and Expectations

22 Jan 2024

Warnings and Expectations

Nothing became clear last week; uncertainty persists and permeates the mood surrounding the global economy and markets. Events and data are being interpreted in a distinctly different manner. One day good news is good news, on the other it is bad...

Daily Oil Fundamentals

Risk is Back – for Now

19 Jan 2024

Risk is Back – for Now

The most potent ingredient in yesterday’s bullish oil cocktail was unconditionally a bearish set of weekly oil inventory data, which, however, was less gloomy than the API figures from the previous night.