Daily Oil Fundamentals

Bearish Global Drivers Cannot Outweigh Middle East Fear

11 Apr 2024

Bearish Global Drivers Cannot Outweigh Middle East Fear

Such is the concern of conflict spread from Gaza/Israel that oil prices were not only able to ignore some quite negative news flows but rallied in the face of them. Even the most ardent Israel supporter must question the voracity of its ceasefire intentions after what must have been a targeted airstrike aimed at a Hamas leader that killed members of the family.

Daily Oil Fundamentals

Can This Current ‘Topping’ Action Continue?

10 Apr 2024

Can This Current ‘Topping’ Action Continue?

The oil market sits on tenterhooks here, caught in resounding influences that will only end up with those that take risk caught in an eddy of mixed signals.

Daily Oil Fundamentals

Israel Returns to Lead Bullish Drivers

09 Apr 2024

Israel Returns to Lead Bullish Drivers

It seems that world’s slight sigh of relief yesterday will once again turn into a deep intake of breath as in defiance of global opinion, and not to say the small matter of relations with the US, Israel’s Premier, Benjamin Netanyahu spoke on an ‘unspecified date’ on which Israel forces will invade Rafah, Gaza.