I never thought I would see the day when oil would be this low. WTI plunged into negative territory for the first time ever, with the May contract falling as low as -$40 today.  While this is biggest collapse in our lifetime for crude prices, it’s rather misleading. June only fell about $4 to $21 […]

Crude oil rallied and held gains after a big draw on US crude oil inventories. Crude stockpiles 5m barrels in the week to May 15th, Energy Information Administration said on Wednesday, against an expected build of 1.2m barrels. Gasoline stocks rose 2.8 million barrels vs an expected 2.1m drop. Distillate stockpiles were up by 3.8 […]

Trump knows that antagonising China is a dangerous game. But in the run up to the election, it’s also a political necessity. Before the coronacrisis, there was already a perfect storm of economic and security disputes brewing between the US and China. Covid-19 compounded all the existing issues as well as adding a whole new […]

Your essential guide to the week ahead  The Federal Reserve is widely anticipated to cut interest rates this week, but there are still big unanswered questions that would help the markets understand the longer-term plan.  1) Will the FOMC cut by 50bps or 25bps? Markets suggest a roughly 25% chance for a 50bps cut.  2) […]

Brent crude futures passed $82 per barrel on Monday, building on gains from the previous session as investors zero in on the upcoming OPEC+ meeting this weekend, where the group is anticipated to deepen supply cuts to bolster oil prices.