Morning Oil Report 13/11/20

Brent crude was down 51 cents, or 1.17%, at $43.01 a barrel as of 0751 GMT, after dropping 0.6% on Thursday.   EIA data released on Thursday showed a larger than expected build of crude stocks of +4,3 million barrels in the week ending 6th November. This lead oil prices to fall slightly into Friday, …

Oil Through the Looking Glass 12.11.2020

*Oil Falls After IEA Cast Doubt on Quick Demand Recovery* The IEA have casted doubt over the recovery of oil demand amid surging infection across Europe and America, with the UK being the first country to reach the miles stone of 50,000 deaths. New York has ordered bars and restaurants to close early as cases …