Globally bullish or a bullish bubble?

It started in China. Base metals, equities and now iron ore have caught the bull market bug that started five days ago on the Shanghai Composite Index. The index was up nearly 6% from the close on Friday, capping five days of gains that has seen a 12.5% increase in the last five sessions. Optimism …

Morning Oil Note 6/7/20

Oil futures were mixed on Monday morning, with Brent buoyed by tighter supplies to 18 cents (0.4%) at $42.98 a barrel at 2:52 am GMT, while concerns about rising COVID-19 cases in the US dampened WTI futures by 23 cents (0.6%) to $40.42 from its last settlement on Thursday. Newly reported coronavirus cases and mobility …