ING calls for a rise in brent oil prices, pointing to supply constraints

seekingalpha03-21

ING Financial Services argued on Thursday that brent crude (CO1:COM) has room to move higher against a backdrop of growing supply risks from OPEC+ and geopolitical tensions in Ukraine. The price of ...

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The price of ...</p>\n\n<a href=\"https://seekingalpha.com/news/4082071-ing-calls-for-a-rise-in-brent-oil-prices-as-it-warns-against-supply-constraints\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>ING calls for a rise in brent oil prices, pointing to supply constraints</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nING calls for a rise in brent oil prices, pointing to supply constraints\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-03-21 21:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4082071-ing-calls-for-a-rise-in-brent-oil-prices-as-it-warns-against-supply-constraints><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>ING Financial Services argued on Thursday that brent crude (CO1:COM) has room to move higher against a backdrop of growing supply risks from OPEC+ and geopolitical tensions in Ukraine. The price of ...</p>\n\n<a href=\"https://seekingalpha.com/news/4082071-ing-calls-for-a-rise-in-brent-oil-prices-as-it-warns-against-supply-constraints\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"DUG","symbol_name":"二倍做空石油与天然气ETF(ProShares)","start_time":0,"source_url":"https://seekingalpha.com/news/4082071-ing-calls-for-a-rise-in-brent-oil-prices-as-it-warns-against-supply-constraints","article_id":"2421046347","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1459118177/image_1459118177.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2421046347","pubTimestamp":1711028365,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"ING Financial Services argued on Thursday that brent crude (CO1:COM) has room to move higher against a backdrop of growing supply risks from OPEC+ and geopolitical tensions in Ukraine. 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The price of brent currently trades near $85.23 per barrel, touching its highest levels of 2024 and the highest mark that has been observed since November of 2023. ING went on to spotlight that the rollover in supply cuts from OPEC+ indicates that the oil market will move from a surplus setting in Q2 of 2024 to a deficit setting. “We have revised up our Brent forecast from US$80/bbl to US$87/bbl for the second quarter of this year, while our third quarter forecast has been increased from US$82/bbl to US$88/bbl. As a result, for 2024 we expect Brent to average US$86/bbl, up from US$82/bbl previously,” ING stated. ING also added: “However, the outlook for the second half of the year will once again largely depend on what OPEC+ decide with its additional voluntary cuts.” For investors that are closely in tune to the energy market they may shift their analysis towards energy based exchange traded funds as a proxy towards moves in oil. See below some of Wall Street’s largest energy ETFs:  Energy Select Sector SPDR Fund (NYSEARCA:XLE) Vanguard Energy ETF (NYSEARCA:VDE) SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) VanEck Oil Services ETF (NYSEARCA:OIH) Fidelity MSCI Energy Index ETF (FENY)  Furthermore, as oil prices push up it has supported many large-cap energy stocks along the way. See the top 10 stock performers in 2024 among large-cap energy names.   More on Energy  Crude oil hits new five-month highs but Citi sees possible drop to $55 by late 2025 U.S. pump prices seen surging as refinery outages cut supply ahead of summer Valero, Phillips 66, Marathon all hit record highs in new 'golden age' for refiners Chevron to pay $13M fine for California oil spills Bullish On Energy: Where Fundamentals Meet Technicals","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2421046347"}