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

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

Crude oil prices are at its lowest not seen in many months, looks like there are not many factors currently showing to change the trend of lower crude oil. But market seem to be bullish about oil because of the demand, though IEA projected faster than previously expected demand growth for 2024, there is a median Brent price of $85 predicted for 2024, this is without considering any major supply disruption. OPEC expects it to expand by 2.2 million barrels daily next year. The IEA attributed its revised forecast to a better economic outlook and lower oil prices, which traditionally spur greater demand for this commodity. In this article I would like to share my prediction for Oil prices for 2024 and whether we will be able to see any trend related to how IEA and OPEC could be thinking or do

I wish you all a Merry Christmas and Happy New Year's Day!This week is the last trading week in 2023. There is no important data and most traders are in holidays, so the market is expected to be relatively quiet. However, after the end of this week, next month will be an annual series of investment foresight posts . If you want to know the key trading opportunities next year, please pay more attention.Returning to the current market, the market is already looking forward to the Fed's interest rate cut next year. The only difference lies in the number of interest rate cuts. Although some investment institutions have expected the US stock market to collapse next year, they still suggest that you read less reports and more market conditions, because "risk" is potential, only when and how to d

$Brent Last Day Financial - main 2402(BZmain)$ Just when you thought the global supply chains were opening, the wait time for products became longer than the chains that Jacob Marley had to drag around in eternity.  Chain Chain Chain, Chain of fools.The Houthi rebel’s attack on shipping in the Red Sea, which accounts for 12% of all global seaborne trade, has added substantial delays to shipping and is crying out for someone to do something about it. Vortexa reports the routes from India to northern Europe will now take 38 days instead of 24 days which is a 58% increase. If you’re shipping from the Middle East Gulf to northern Europe it’s now going to take 40 days, an increase of 74%. If you’re shipping from the Middle East Gulf to the Med

In the dynamic realm of commodities trading,  few assets capture the attention of seasoned traders quite like WTI mini crude oil. With prices oscillating between $67 and $72, navigating the waves of energy futures can be both thrilling and lucrative. In this guide, we'll delve into key strategies to harness the potential of WTI mini crude oil, capitalizing on reversals and leveraging moving averages for strategic exits.$SPDR S&P 500 ETF Trust(SPY)$ $W&T Offshore(WTI)$ $WTI Crude Oil - Dec 2024(CL2412)$  ### Understanding Price Fluctuations 📉📈 WTI mini crude oil, like any commodity, experiences price fluctuat

$WTI Crude Oil - main 2402(CLmain)$ T’Was the Last Energy Report Before Christmas, When Angola dropped out, leaving OPEC concord riddled with doubt.The cartel cut production with care, but Angola did not think its share was so fair. Yet the Saudis went full steam ahead, cut their quota, and said to drop dead. Plus Angola’s production was under its cap; while the UAE craved more barrels to tap. They needed a cut, so the hedge funds would scatter; crushing the speculators was really what mattered.They needed oil to go up in a flash to regain control of prices that started to crash. They needed to reduce the crude oil flow because US production continues to grow.Oil production hit a record this year, and that happens to be the cartel’s greatest f

$WTI Crude Oil - main 2402(CLmain)$ The depreciation of the US dollar, coupled with the rising market sentiment on the possibility of the Federal Reserve to cut interest rates, and the International Energy Agency (IEA) to increase next year's oil demand forecast, is helping to support crude oil prices. The IEA raises its forecast for global oil demand in 2024. In its monthly report, the IEA said world oil consumption would increase by 1.1 million barrels per day in 2024, up 130,000 barrels per day from its previous forecast, citing an improving outlook for the United States and lower oil prices. Lower interest rates lower borrowing costs for consumers, which boosts economic growth and oil demand. A weak dollar makes o

$WTI Crude Oil - main 2402(CLmain)$  Bearlish due to the follow OPEC Production Cut Extension: The Organization of the Petroleum Exporting Countries (OPEC) and its allies (OPEC+) agreed to extend their current production cut agreement through June 2024. This decision aims to maintain price stability in the wake of global economic uncertainties. US LNG Exports Surge: US liquefied natural gas (LNG) exports reached record highs in November, driven by strong European demand and rising gas prices. This trend is expected to continue, with the US poised to become a major global LNG exporter in the coming years.@TigerStars