Daily Oil Fundamentals

Geopolitics Trumps Deferred Rate Cut Expectations

14 Feb 2024

Geopolitics Trumps Deferred Rate Cut Expectations

The key takeaway after yesterday’s confident performance in the oil market is that currently events around Israel and Gaza together with Ukraine’s war against Russia weighs more on the sentiment than disappointing US inflation data.

Daily Oil Fundamentals

What Could Trigger a Break-out?

12 Feb 2024

What Could Trigger a Break-out?

Risk appetite appeared insatiable last week. It was a sudden turn of sentiment after the previous week’s sell-off. Several developments are responsible for brightening the mood.

Daily Oil Fundamentals

A Belligerent Israel and Strong Gasoil Chase Prices Higher

09 Feb 2024

A Belligerent Israel and Strong Gasoil Chase Prices Higher

The oil market exhibited its bullish twitch yesterday in frankly what was a rather benign news backdrop. Such twitch can only be brought about by geopolitical actions, or as in this case, words.