Daily Oil Fundamentals

Equities Heal, But Not the Middle East

09 Aug 2024

Equities Heal, But Not the Middle East

At the end of a tumultuous week, it feels as if one had blinked, one would have missed the action. Such is the relief rally in equities that whatever the Nikkei had lost it has since recovered. Are there any lessons to be learned from such roil in the market? Only that with investors in poor humour as to the plight of interest rates, overexposure to certain quarters of investment and a world that gives war signals on a daily basis, these sorts of fluxes will see repetition.

Daily Oil Fundamentals

Shaky Confidence

08 Aug 2024

Shaky Confidence

Whether oil is cheap or expensive depends on one’s view, positions, or expectations. In other words, it is relative. The same goes for the impact of the weekly statistics produced by the EIA. The perceived quality of the data is relative to the previous night’s API release, and often it is not based on the actual numbers.

Daily Oil Fundamentals

Sentiment versus Fundamentals

07 Aug 2024

Sentiment versus Fundamentals

Anyone keeping his/her finger on the pulse of financial markets feels elevated heartbeat. Whether it is the sign of excitement that the recent symptoms were those of panic attacks and the patience is otherwise in good health or hides growing anxiety that an infectious disease called recession is about to spread faster than the Covid-19 virus in 2020 is ambivalent.