Daily Oil Fundamentals

Rate and Supply Cuts

25 Mar 2024

Rate and Supply Cuts

Front-month WTI ended last week 5 cents/bbl higher and its European peer gained 9 cents/bbl. These seemingly lukewarm performances imply equilibrium in our market where supply and demand are in harmony, whether it is perceived or actual.

Daily Oil Fundamentals

Dancing to the Tune of the Dollar

22 Mar 2024

Dancing to the Tune of the Dollar

The latest fashionable soundbite in financial circles is ‘immaculate disinflation’. Loosely defined, it means mitigated consumer prices without rising unemployment, which broadly equals impending rate cuts.

Daily Oil Fundamentals

Sometimes Words Speak Louder than Action

21 Mar 2024

Sometimes Words Speak Louder than Action

The Federal Reserve did not rock the boat. The cost of borrowing was not changed, it remains at a 23-year high of 5.25%-5.50%.