Daily Oil Fundamentals

Growing Interest in Diminishing Interest Rates

18 Jul 2024

Growing Interest in Diminishing Interest Rates

Everything, literally everything pales in relevance when it comes to auspicious inflation readings. Both the pound and the euro strengthened against the dollar as inflation in the UK remained at the target level making the lowering of the borrowing cost from the current 5.25% ever more plausible. In the common currency area headline inflation edged lower to 2.5% and core stayed at 2.9%.

Daily Oil Fundamentals

Equities Continue to be More Palatable than Oil

17 Jul 2024

Equities Continue to be More Palatable than Oil

Oil prices, its drivers and participants remain in uncommitted form as the world and its investor populace look elsewhere to place their risk capital. Clearly, the government data this afternoon is where the real story is, but the precursor of US oil stocks in the API data does not exactly show much of an effect of Hurricane Beryl and the shutting down of some the infrastructure that stood in its path.

Daily Oil Fundamentals

Time to Curb Enthusiasm

16 Jul 2024

Time to Curb Enthusiasm

Markets have felt the hand of the summer doldrums and none more so than oil. The tepid action of yesterday outlines a market that is slightly fatigued and while any number of the news agenda is able to push and pull prices hither and tither if accelerated, none are particularly fresh and are in the main already accounted for.