Daily Note – A Fake Oil Freeze

last_mile_slide_2bSummary

  • Oil Market ignoring the facts?
  • A more selective downscaling of risk ahead
  • Sterling reeling from Brexit dramatics
  • Eurozone: The silver-lining of weaker growth

Good Morning,

It’s all getting interesting now. Let’s talk oil first.

There is no easier commitment than a promise to do something that was already planned. Russia and Saudi Arabia pledged not to increase production even though neither had any designs to pump more.

Download a FULL PDF version of the Daily Note:

GlobalMacro360 Daily Note 23rd February 2016

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