Daily Oil Fundamentals

Between the Devil and the Deep Sea

22 Sep 2023

Between the Devil and the Deep Sea

It is 4Q versus 2024, supply deficit against economic malaise, the central bank of the oil world facing the central banks of the developed world.

Daily Oil Fundamentals

Sentiment Sours as Fed Turns Hawkish

21 Sep 2023

Sentiment Sours as Fed Turns Hawkish

Yesterday’s two decisive factors in shaping the mood of investors and the direction of risk assets were the Weekly Petroleum Status Report from the EIA and the interest rate decision from the Fed.

Daily Oil Fundamentals

Fixating on $100

20 Sep 2023

Fixating on $100

In hindsight, yesterday’s and this morning’s price action is reasonable and sensible.