Daily Oil Fundamentals

Churn and Churn Again

15 Dec 2023

Churn and Churn Again

We are greeted with a rather sedate entry into the trading day this morning and there is little wonder why. If oil prices can hold onto the current gains...

Daily Oil Fundamentals

There is No Getting Away From How Out of Favour Oil is

13 Dec 2023

There is No Getting Away From How Out of Favour Oil is

If there was any doubt of the longevity of the pessimism that stalks the oil price then that was disproved yesterday as not only did structure suffer, signalling a weakness in physical oil, but flat price...

Daily Oil Fundamentals

Precarious Recovery

12 Dec 2023

Precarious Recovery

It is perhaps understandable that ahead of the release of a critical set of economic and oil data the underlying trend is paused and some of the short positions are being covered.