Daily Oil Fundamentals

Never a Dull Day

24 May 2024

Never a Dull Day

Those who grew in confidence that the bottom might have been found yesterday afternoon after a dollar rally in crude oil prices saw their hopes ruthlessly shattered by the close.

Daily Oil Fundamentals

Brent Approaching Contango, FOMC in Focus

22 May 2024

Brent Approaching Contango, FOMC in Focus

It appears that neither the death of the Iranian President nor the International Criminal Court’s application for arrest warrants against the Israeli Prime Minister and senior Hamas leaders rattled investors’ sentiment.

Daily Oil Fundamentals

OPEC’s Hands are Tied

21 May 2024

OPEC’s Hands are Tied

How OPEC/OPEC+ will react to current prices at the June meeting will become the hot topic as the month of May begins to drain away.