Daily Oil Fundamentals

It is Hectic, but Bound by Range

11 Jan 2024

It is Hectic, but Bound by Range

One way to look at our market is that it is erratic, sometimes vicious and in the absence of any salient development that might help investors commit themselves to either direction for the long run it is driven by headlines.

Daily Oil Fundamentals

Libya, Middle East and Inventory Allow Regaining of Composure

10 Jan 2024

Libya, Middle East and Inventory Allow Regaining of Composure

Oil prices continue to trade in an untrustworthy fashion but the drivers that are running the current mini-trend are positive enough to recoup three-quarters of the losses experienced on Monday.

Daily Oil Fundamentals

Saudi Move Triggers Temporary Sell-Off

09 Jan 2024

Saudi Move Triggers Temporary Sell-Off

Market equilibrium occurs at the point where the descending demand curve and the ascending supply curve intersect on a graph, the vertical axis of which is price and the horizontal one is quantity.