Daily Oil Fundamentals

Dancing to the Tune of the Dollar

26 Apr 2024

Dancing to the Tune of the Dollar

The three harbingers of stagflation are tepid economic growth coupled with sluggish job market and high inflation. Although US jobless claims fell yesterday, the country’s economic expansion in 1Q slowed whilst the rise in consumer prices unexpectedly jumped.

Daily Oil Fundamentals

Economic Markers and Corporate Results Hold Sway

25 Apr 2024

Economic Markers and Corporate Results Hold Sway

In ordinary circumstance there might have been a bit more chatter and hubbub from the bleachers of the oil market when the US Inventory Report showed a 6.368mb draw.

Daily Oil Fundamentals

Business Activity in Focus

24 Apr 2024

Business Activity in Focus

Neither Iran nor Israel have rocked the oil vessel yesterday and the US and Europe, whilst keen on imposing fresh sanctions or expanding existing ones on Iran, were circumspect in not harming the Persian Gulf OPEC producer’s capability of exporting crude oil.