While the market eagerly anticipates developments in US-China negotiations and tariff issues, Israel has once again stirred the scene. Sensitive geopolitical factors have made oil prices last week’s biggest winner, as prices quickly rebounded above $65 and began to climb toward $80, approaching the median price range that prevailed during the Biden administration. How the Israel-Iran situation unfolds will introduce significant uncertainty for oil prices and other markets, which have so far remained relatively calm.According to JPMorgan, in the worst-case scenario where the Strait of Hormuz is closed, oil prices could surge to $120 per barrel, though this remains relatively unlikely at present. The bank also believes the fair value for US crude is in the $60–$65 range, as persistently high

The oil market, characterized by its volatility and sensitivity to various economic factors, has recently been a topic of intense discussion among investors and traders alike. In this article, I will elucidate my perspective on why I intend to take profit after oil reaches $95 per barrel. My rationale is rooted in the interplay between oil prices and interest rates, my bearish outlook on oil prices in the current economic climate, and my anticipation of an interest rate reversal in the near future. $WTI Crude Oil - main 2311(CLmain)$ $Brent Last Day Financial - main 2312(BZmain)$  1. The Oil and Interest Rate Connection: The relationship between oil prices

Historically, there is often a sequential relationship between rising oil prices and high inflation, but is there a causal relationship between them? Inflation devalues the currency, leading to higher prices for consumer goods and services, while the rising cost of living in turn affects individual optional consumer spending and economic growth. Recently, oil prices have risen rapidly, and the market is once again worried about the U.S. inflation rate picking up.Historical data showed a correlation between rising oil prices and inflation. But there is evidence that the link between oil prices and inflation began to break decades ago. Bob Iaccino, co-founder of Path Trading Partners, said the relationship weakened after oil prices soared in the 1970s.图片How does the oil price affect the macr

In today's Asian trade, crude oil prices continued their upward trajectory, maintaining levels near a 10-month high, driven by a confluence of significant factors. Key drivers in this bullish trend included OPEC's anticipation of tighter oil supplies, concerns surrounding crucial U.S. inflation data, and signals of a potential increase in oil inventories. Crude Oil Updates The surge in crude oil prices had commenced the previous day, propelled by OPEC's release of a monthly report predicting further tightening in the oil market throughout the current year. This forecast was grounded in robust demand and reduced production levels. Just a week prior to the report, two major oil-producing nations, Saudi Arabia and Russia, had jointly announced substantial supply reductions for the remainder o

$Brent Last Day Financial - main 2311(BZmain)$ has reached the $90 per barrel, the first time since November last year.1. What fuels oil prices continuting rally? Extension of production cutSaudi Arabia has announced that it will extend its voluntary production cut of 1 million barrels per day for another 3 months.Russia has also declared that it will continue its voluntary reduction of 300,000 barrels per day in oil supply until the end of December 2023.2. Resistance and support level for oil prices trading as it hit new highWhile oil prices are on a strong upward trend, the critical resistance level around $93-94 should not be overlooked. There may be a risk of a bull trap if other risk assets do not advance further. The resistance near $83.

$WTI Crude Oil - main 2310(CLmain)$ $Micro WTI Crude Oil - main 2310(MCLmain)$ $Brent Last Day Financial - main 2311(BZmain)$ $E-mini Crude Oil - main 2310(QMmain)$ ImageI’m a big fan of using technical breakouts as a prompt to take a closer look at a certain asset or market (to then go and build out the rest of the picture) —but a less common approach is to look at breakouts in fundamental indicators. And this one is worth looking at.The chart shows world oil demand (across all products, think: gasoline, diesel, jet fuel, LPG), what should be no surprise is the collapse in 2020 (as humanity collectively

Click to vote. Guess how will $Brent Last Day Financial - main 2310(BZmain)$ close Friday 11/8 ? If you get the correct answer, you may divide 1000 Tiger Coins with other Tigers.WTI crude $WTI Crude Oil - main 2309(CLmain)$ up 20% in past six weeks, Brent $Brent Last Day Financial - main 2310(BZmain)$ up 17%. Over the weekend, Ukraine launched a naval drone attack on Russia’s port of Novorossiysk, a critical hub on the Black Sea for Russian oil exports. Ukraine did not immediately respond to CNBC’s request for comment.In addition, the world’s top oil exporter Saudi Arabia last Thursday extended its voluntary crude oil output cut of a mi

Abstract: Companies on the $S&P 500(.SPX)$ are expected to report their weakest profit growth in nearly three years.This week, the US stock market's earnings season gained much anticipation. Due to factors such as weak performance, technology sector’s return to fundamentals, high risks of financial institution, and increased corporate debt, market participants are generally bearish about the US stocks.Companies of the $S&P 500(.SPX)$ are expected to report a 6.8% decline in earnings per share in the first quarter, the largest drop since the second quarter of 2020.The latest data from FactSet shows that analysts expect earnings to decline 4.6% in the second quarter and then grow again in the thir

Oil surged at the week’s open after OPEC+ unexpectedly announced crude output cuts on Sunday, with Saudi Arabia leading the way with 500,000 barrels a day of reductions from May. West Texas Intermediate rose above $80 a barrel, extending two weeks of gains as expectations of a tighter market added to easing concerns over a global banking crisis. Historical data in the past three years suggested that crude prices mostly went up after OPEC cuts. April 2020 was an exception under COVID hit.Goldman Sachs says crude oil production cuts by OPEC could result in a significantly larger deficit in the market, driving a rally in prices to $100 per barrel by April 2024, and raising the group's pricing power.Aside from a reduction from Saudi Arabia and other Middle Eastern countries, Russia also said i