Daily Oil Fundamentals

Relief Rally

28 May 2024

Relief Rally

The jump in oil prices observed on Friday was followed through yesterday in what was proved to be a quiet session due to bank holidays both in the US and in the UK.

Daily Oil Fundamentals

Never a Dull Day

24 May 2024

Never a Dull Day

Those who grew in confidence that the bottom might have been found yesterday afternoon after a dollar rally in crude oil prices saw their hopes ruthlessly shattered by the close.

Daily Oil Fundamentals

Brent Approaching Contango, FOMC in Focus

22 May 2024

Brent Approaching Contango, FOMC in Focus

It appears that neither the death of the Iranian President nor the International Criminal Court’s application for arrest warrants against the Israeli Prime Minister and senior Hamas leaders rattled investors’ sentiment.