Crude oil fell for a fourth day in a row yesterday – and settled below 50 USD/barrel – by concerns about Chinese growth (see Monday’s post) and the outcome of next week’s vote on Britain’s possible EU-exit (the campaign for the UK to leave the EU has a significant lead, a poll showed that 47% …
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In case you haven’t noticed, oil prices are staging a strong recovery towards 50 USD per barrel. That’s almost twice the price of February, when oil dropped to 26 USD/barrel – so be prepared for higher costs when your car needs the next fill-up. This remarkable price movement of …
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If you drive from the city of Geneva along the shore of Lake Geneva, you will first pass by the UEFA-headquaters in Nyon and soon after reach a place called Lausanne. It’s a nice swiss city with just 130’000 inhabitants, but worldwide known because Lausanne hosts the global headquaters of …
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Trump is more dangerous than terrorism Each month, The Economist Intelligence Unit publishes a report with top-events that could destabilize the global economy. The just released ‘April 2016’-report marks for the first time ever a potential election of an US- presidential candidate as a top global risk. Here is the …
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US-producer’s message to Opec: ‘Above 40 – we are back!’ Over the last few days, the price for Brent-crude climbed regularly. On March 1st, 2016, it reached a new year-high of over 37 USD/barrel, that’s quite a rise from the January-lows of 29 USD. Could this be the beginning of …
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Humans are creations of habits and quickly feel uncomfortable, when something – or someone – disrupts their habits. For decades, the creature of the human stock-investor could be sure that ‘falling oil’ means ‘rising stocks’. After all, we learned from dusty textbooks back at the university or private investment experience, …
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30 to 45 USD – the new reality for oil This morning, after secret negotiations in Doha – the capital of Qatar – the four oil-producers Saudi Arabia, Qatar, Russia and Venezuela agreed to freeze their output at January levels. The common goal of this agreement is, of course, to …
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