Daily Oil Fundamentals

Assassination Attempt Upsets the World, Upsets the Markets

15 Jul 2024

Assassination Attempt Upsets the World, Upsets the Markets

Like many, we have been expecting US politics to have a big influence on the outcome of how markets will finish come the end of 2024. Yet, not even the most battle weary and cynical hack could have imagined the turn that election campaigning would take on Saturday when an assassination attempt was carried out on the almost guaranteed Republican candidate, Donald Trump.

Daily Oil Fundamentals

Well into the Last Mile

12 Jul 2024

Well into the Last Mile

Economic data, especially if it is inflation and particularly if it is from the US, has an outsized influence on our market. As for the updated US CPI release, the most effective way to assess its impact is two clicks away. Go to the CME website and see how its FedWatch tool changed after the release.

Daily Oil Fundamentals

The Feel-Good Factor Spreads

11 Jul 2024

The Feel-Good Factor Spreads

It remains difficult to not approach each morning by first looking at the state of equities. When the Nikkei, S&P and Nasdaq continue to make record highs on a daily basis, it is always worthy to see if the infectious bullish behaviour in stock markets is about to jump species and influence commodities such as oil. Looking for demand and that which drives it is always responsible, however, demand can accumulate from sentiment and bourses are dripping with positive vibes.