This week will usher in a super week of market volatility. First, the large and small non-farm data will be released, then the testimony of Federal Reserve Chairman Powell at the Senate meeting, and then the US PMI data will be released. Reference, so it is bound to cause a big swing, everyone should pay attention to the orientation of the news.The impact of the US election on the US stock indexIn the second half of the year, the impact of election news on the stock market will increase. Since the first televised debate between Trump and Biden, the general election situation has undergone subtle changes. This change comes from the internal situation of the two parties in the United States. Compared with the 2020 general election, the Republican Party is actually not very united. Although T

Overview Oil prices witnessed a slight downturn last Tuesday, reflecting a 1% decline amid concerns about the economic outlook and fuel demand. Despite the recent dip, oil prices remain near their highest levels since April. This report delves into the key factors influencing crude oil prices in the week ahead and provides insights into the potential market movements. Weak US Consumer Confidence Dampens Oil Demand Prospects Crude oil prices faced downward pressure as recent data revealed a decrease in US consumer confidence in June. The subdued sentiment, coupled with tepid optimism about the labor market and moderated inflation expectations, sparked fears about the impact on gasoline demand. Historically, consumer confidence has been a significant driver of fuel consumption, particularly

Overview Oil prices remained relatively stable on Tuesday after experiencing gains earlier in the week. This stability follows a surge driven by anticipated increases in fuel demand for the summer and concerns over U.S. inventory declines. However, investor sentiment remains mixed as they await key U.S. consumer price data that could influence future economic and fuel consumption trends. Market Movements Brent and U.S. Crude Stability After rising significantly on Monday, with Brent crude gaining 0.9% and U.S. crude climbing 1.1%, both benchmarks saw minimal changes by Tuesday morning. Brent futures for August settled at $85.96 per barrel, a slight decrease of 5 cents, while U.S. crude futures dipped by 3 cents to $81.60 per barrel. These minor adjustments come on the heels of a robust pe

Overview Oil prices exhibited minimal changes on Tuesday as the market balanced conflicting factors: worries over China's economic recovery weighed against the backdrop of supply risks driven by geopolitical tensions in the Middle East and recent Ukrainian strikes on Russian oil infrastructure. This delicate equilibrium has left traders uncertain about the direction of future oil movements, reflecting the complexity of global events influencing the market. Market Performance: A Day of Small Movements Brent crude for August delivery saw a modest rise of 7 cents (0.08%) to $86.06 per barrel as of 0015 GMT. The September contract, which is seeing more active trading, nudged up by 8 cents (0.09%) to $85.23. Similarly, U.S. crude futures gained 11 cents (0.13%), closing at $81.74 per barrel. D

Overview: Oil prices dipped slightly on Monday as renewed concerns over sustained higher interest rates and a stronger U.S. dollar offset the positive influences of geopolitical tensions and continued supply cuts from OPEC+. These dynamics underscore the complex factors currently driving the oil market and hint at potential volatility in the near term. Interest Rate Worries and Dollar Strength: The prospect of higher-for-longer interest rates has resurfaced, driven by robust U.S. economic data, including a purchasing managers index (PMI) indicating business activity at a 26-month high. This strong economic performance has buoyed the U.S. dollar, which, in turn, exerts downward pressure on oil prices. As commodities like oil are typically priced in dollars, a stronger dollar makes them mor

Overview: On Friday, oil prices experienced a slight decline, driven by concerns over global oil demand growth amid a strong US dollar and mixed economic news. This came despite recent positive signs of US oil demand and decreasing fuel inventories, which had previously pushed crude prices to a seven-week high. Brent futures settled at $85.24 per barrel, while US West Texas Intermediate (WTI) crude closed at $80.73. Brent and WTI Crude Performance: Brent Futures: Brent futures fell by 47 cents or 0.6%, closing at $85.24 per barrel. The benchmark for international crude saw a modest decline as market participants assessed the potential impact of global economic factors on oil demand. West Texas Intermediate (WTI): WTI, the US benchmark, ended 56 cents or 0.7% lower, at $80.73 per barrel. T

It will continue to drop to $60.

Overview: Crude oil prices have shown remarkable resilience, set for a second consecutive week of gains amid rising demand and dwindling inventories in the U.S., the world's largest oil consumer. This report delves into the recent movements in oil prices, the impact of U.S. inventory data, and the Federal Reserve's (Fed) decision to delay rate cuts, providing insights into the interconnectedness of these factors and their implications for the broader market. Oil Price Movements: A Resilient Market Crude oil futures saw minimal changes on Friday, yet maintained a bullish outlook for the second week running, driven by indicators of improving demand and reduced oil and fuel inventories in the U.S. Brent Crude: Futures for August settlement fell slightly by 18 cents to $85.53 a barrel as of 0

  Hopefully drop.                    

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Bastads ain't Guna lower the pricese now r they?

Please teach me on this

Overview Oil prices exhibited mixed movements in Asian trading on Tuesday following significant gains in the previous session. The market remains watchful of global demand growth prospects while grappling with expectations of increased supplies. Despite Monday's rally that saw Brent crude and West Texas Intermediate (WTI) crude reaching their highest levels since April, today's slight dip reflects ongoing uncertainties in the oil market and broader economic landscape. Current Oil Price Movements As of 0615 GMT, Brent crude futures slipped by 12 cents, or 0.14%, trading at $84.13 per barrel. Similarly, U.S. WTI crude futures fell by 14 cents, or 0.17%, to $80.19 per barrel. Both benchmarks had previously posted around a 2% gain on Monday, signaling a complex interplay of market forces infl

Overview Oil prices experienced a slight decline in Asian trading on Monday, reflecting broader market apprehensions following a string of mixed economic signals. Despite last week's significant gains fueled by robust demand forecasts, Monday’s slip highlights ongoing concerns over consumer sentiment in the U.S. and rising crude production in China. As geopolitical tensions simmer and economic indicators send mixed messages, the market remains volatile, with investors closely monitoring the Federal Reserve's stance on interest rates and their impact on the global economy. Weak U.S. Consumer Demand Dampens Oil Prices On Friday, a survey indicated a drop in U.S. consumer sentiment to a seven-month low in June, driven by anxieties over personal finances and inflation. This data contributed t

Overview: Oil prices experienced modest declines on the back of deteriorating U.S. consumer confidence, yet they posted a notable 4% weekly gain, reflecting strong demand for crude and fuels. This movement marks the highest weekly increase since April, despite a minor drop in prices by the end of the trading week. Weekly Performance and Key Figures: On Friday, Brent crude oil prices dipped by $0.13, settling at $82.62 per barrel, while West Texas Intermediate (WTI) crude decreased by $0.17, closing at $78.45 per barrel. Despite these small declines, both Brent and WTI saw a substantial increase of nearly 4% over the week, marking their strongest weekly performance in several months. Impact of U.S. Consumer Confidence: The dip in oil prices on Friday can be largely attributed to a signifi

I pray drop so that we have rate cut

$Energy Select Sector SPDR Fund(XLE)$ $Occidental(OXY)$  $WTI Crude Oil - main 2408(CLmain)$   $XLE at a 3 month low and sitting right at the 200dma. Interestingly oil has bounced nicely last few weeks too. XLE has not bounced like Oil prices have, and instead made a lower low. The divergence means either Oil will dump or oil companies will pump. Energy stocks are getting pretty oversold here… Buy XLE.  OXY is being bought hand over fist by Buffet. He has always caught the short term bottom. I will follow him.