Whispers of $100 Oil Return as Crude Shakes Off Covid’s Clasp

Bloomberg2021-02-24

Socar Trading, Bank of America see possibility of $100 crude OPEC has enough spare capacity to meet any demand surge: BI While oil’s dizzying collapse is still fresh for many traders, rumblings are ...

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Comments

Jjinc
2021-02-25
Jjinc
[微笑]
pennylks
2021-02-25
pennylks
$100? [財迷]
Atwosome
2021-02-25
Atwosome
$Exxon Mobil(XOM)$$BP PLC(BP)$Long Oil with the up trend in commodity and aviation recovery
Haymaker
2021-02-25
Haymaker
wow amazing what a great read
- pennylks:
  [财迷]
- Haymaker:
  wow what an amazing read
Sachinpnyr
2021-02-24
Sachinpnyr
?
bbarbanida
2021-02-24
bbarbanida
Ok

Leave a comment

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Speculators are also getting in on the action, increasing bets in the options market that oil will reach the vaunted level by December 2022.\n\nThe views are ultra bullish, but they highlight increased confidence in the oil market after Brent rallied more than 200% after hitting an 18-year low during the pandemic. Demand has bounced back in key Asian markets, while OPEC+ is withholding barrels and a lack of investment is keeping shale supplies at bay. Goldman Sachs Group Inc. this week lifted its third-quarter forecast by $10 to $75 a barrel.\nOption bets on oil prices rising above $100 for the December 2022 Brent contract have jumped in recent days, with open interest on the calls rising from 500 to 3,950 in the past week.\nThe $100 mark occupies a special place in the mind of many traders, as oil hovered around that level for several years in the early part of last decade as strong demand from emerging markets enticed drillers into ever more expensive locales, from deep ocean beds to Canada’s remote tar sands.\nThat era ended in 2014, when U.S. shale firms proved they could pump massive amounts at far lower costs. But while the vaunted price level has been out of the market’s reach since then, it hasn’t been out of traders’ minds. It was just a little more than two years ago that major trading houses made $100 projections that ended up falling far short.\nForecasts for $100 are far from the current consensus. 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[財迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/361156589","repostId":1186967884,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":361369566,"gmtCreate":1614207070055,"gmtModify":1704889482271,"author":{"id":"3571305152732730","authorId":"3571305152732730","name":"Atwosome","avatar":"https://static.tigerbbs.com/2085a92415ef32924f70d916d490adce","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":7,"crmLevelSwitch":1,"idStr":"3571305152732730","authorIdStr":"3571305152732730"},"htmlText":"<a href=\"https://laohu8.com/S/XOM\">$Exxon Mobil(XOM)$</a><a href=\"https://laohu8.com/S/BP\">$BP PLC(BP)$</a>Long Oil with the up trend in commodity and aviation recovery","listText":"<a href=\"https://laohu8.com/S/XOM\">$Exxon Mobil(XOM)$</a><a href=\"https://laohu8.com/S/BP\">$BP PLC(BP)$</a>Long Oil with the up trend in commodity and aviation recovery","text":"$Exxon Mobil(XOM)$$BP PLC(BP)$Long Oil with the up trend in commodity and aviation recovery","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/361369566","repostId":1186967884,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":361942399,"gmtCreate":1614193902311,"gmtModify":1704889396418,"author":{"id":"3574960626349249","authorId":"3574960626349249","name":"Haymaker","avatar":"https://static.tigerbbs.com/1fb5c9b2a2d3d56be11b4f5078d38db4","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3574960626349249","authorIdStr":"3574960626349249"},"htmlText":"wow amazing what a great read","listText":"wow amazing what a great read","text":"wow amazing what a great read","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/361942399","repostId":1186967884,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3655919,"gmtCreate":1614215612554,"gmtModify":1680778229544,"authorId":3555215639459584,"author":{"id":3555215639459584,"idStr":"3555215639459584","authorId":3555215639459584,"name":"pennylks","avatar":"https://static.tigerbbs.com/c5e533518442ff5dcef4ca721565f9c9","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":361942399,"type":1,"supId":3654542,"prevId":0,"content":"[财迷]","text":"[财迷]","html":"[财迷]"},{"id":3654542,"gmtCreate":1614207401309,"gmtModify":1680778208926,"authorId":3574960626349249,"author":{"id":3574960626349249,"idStr":"3574960626349249","authorId":3574960626349249,"name":"Haymaker","avatar":"https://static.tigerbbs.com/1fb5c9b2a2d3d56be11b4f5078d38db4","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":361942399,"type":1,"supId":0,"prevId":0,"content":"wow what an amazing read ","text":"wow what an amazing read ","html":"wow what an amazing read "}],"langContent":"EN"},{"id":361099951,"gmtCreate":1614177700273,"gmtModify":1704889164603,"author":{"id":"3572989459139407","authorId":"3572989459139407","name":"Sachinpnyr","avatar":"https://static.tigerbbs.com/ec1478fc6ed7f7f4c6aed0ee012469e7","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3572989459139407","authorIdStr":"3572989459139407"},"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/361099951","repostId":1186967884,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":363757225,"gmtCreate":1614175757767,"gmtModify":1704889120168,"author":{"id":"3574927293930643","authorId":"3574927293930643","name":"bbarbanida","avatar":"https://static.tigerbbs.com/b01f52f19397d96d0028b5d04b525509","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3574927293930643","authorIdStr":"3574927293930643"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/363757225","repostId":1186967884,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":25,"commentSize":8,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; 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