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February 28, 2024 | OPEC Discussing Extending Its Production Cuts For One More Quarter Lifts Crude Prices Modestly
GLOBAL ECONOMIC, POLITICAL & MILITARY UPDATE Mixed economic data in the US continues with some data showing a slowing economy but others indicating inflation reversings to the upside. This stagflation pivot is not what the bond and stock market want to see. Forecasters are now indicating that the first cut would occur in June only […]
February 21, 2024 | Weak US Demand and Rising Commercial Stocks Likely To Cause Near Term Term Correction in WTI Price
GLOBAL ECONOMIC, POLITICAL & MILITARY UPDATE Mixed economic data in the US, with some indicators like manufacturing weakening are being offset by rising inflation after many months of declines. The Fed meeting notes out this week (from the last FOMC meeting) noted that they are concerned about lowering rates too quickly due to persistent price […]
February 15, 2024 | Crude Oil War Premium Expands US$3.50/B Over The Last Week as Houthis Continue Attacks in Red Sea
GLOBAL ECONOMIC, POLITICAL & MILITARY UPDATE The surprisingly hot US CPI data yesterday drove the Dow down over 520 points to 38,273 and at its worst was down over 700 points, before a late afternoon recovery. The US Treasury 10-Year yield rose to 4.31%, up 44 BP in just over a week, which spooked investors […]