Is the Rebound in Oil & Gas Sustainable?

Oil and natural gas prices rose sharply Monday after BP said it would pause all shipments through the Red Sea because of increased attacks on commercial vessels by Houthi militants from Yemen. -----------

avatar程俊Dream
2024-11-27

Is NOW The Time To Buy Oil!?

The period from Trump's victory in the US election to his official entry into the White House looks expected to make a smooth transition. In addition to Biden's official statement, the crude oil market also gave the same signal. Although the key low of 63.6 was repeatedly tested, the bulls were able to save the day, which implies that there will be no obvious change in risk appetite in the short term.The three key range positions of crude oil: 63-70-84 respectively represent the lowest point of the range, the level of repurchased crude oil reserves previously stated by the US government, and the central axis price in the past two years. Although after the first quarter of this year, oil prices remained trading below the central axis level, and seemed to rebound one wave after another, the
Is NOW The Time To Buy Oil!?
avatarTiger V
2024-10-10

Oil Prices Edge Higher Amid Middle East Tensions and U.S. Storm Surge

Oil prices experienced a modest rise during early Asian trade on Thursday due to rising geopolitical risks in the Middle East and increased demand for fuel as Hurricane Milton hits Florida. However, despite these immediate catalysts, the broader market outlook remains clouded by weaker demand prospects, as evidenced by recent data and forecasts. This report will examine the key factors driving oil prices higher, the underlying demand dynamics, and the potential implications of these movements. Middle East Tensions and Supply Disruptions One of the primary drivers of the recent uptick in oil prices is the escalating tensions between Israel and Iran. Israeli Defence Minister Yoav Gallant has signaled a potential military strike against Iran, an oil-producing powerhouse in the region. Gallant
Oil Prices Edge Higher Amid Middle East Tensions and U.S. Storm Surge
avatarIvan_Gan
2024-09-03

What triggered the oil price plunge of last week?watch the market storm ahead

The biggest negative news for the crude oil market is getting closer and closer.Since the unified production cuts brought about by COVID-19 pandemic in 2020, it may be loosened for the first time in October 2024. Saudi Arabia and Russia, the main members of OPEC +, announced at the OPEC + meeting in June that they would gradually relax the voluntary reduction of crude oil production in the future.The voluntary reduction of crude oil production will be approximately 2.2 million barrels per day, accounting for 20% of the total reduction. Although the relaxation of production cuts will only be gradually released, it has brought a lot of impacts to confidence in crude oil market demand. Therefore, last Friday night, as soon as the rumors were released, the oil price immediately hit a new low l
What triggered the oil price plunge of last week?watch the market storm ahead
avatarIvan_Gan
2024-03-05

What‘s The Next Move Of Gold And Oil Price?Focuse On This Key Indicator.

Just entering March, in the absence of obvious special news, gold, US stocks and crude oil all rose sharply last Friday night, not to mention the rapid upward trend of Bitcoin a few days ago. This trend of market resonance shows that besides believing in the expectation of interest rate cut, the market began to gradually believe that inflation is coming again, which leads to the strange phenomenon that interest rate cut and inflation coexist. Theoretically, when inflation rises, the Federal Reserve has no incentive to cut interest rates. However, with the current high bond stock of the Federal Reserve (with a total loss of US $114.3 billion last year), it will take about four years to "turn losses" even if the interest rate is cut now. Therefore, the market believes that the interest rate
What‘s The Next Move Of Gold And Oil Price?Focuse On This Key Indicator.