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    • koolgalkoolgal
      ·2024-12-10
      🌟🌟🌟OPEC members have decided to postpone plans to increase production due to a lukewarm outlook for global demand of oil.  OPEC is now restricting its combined production to 39.725 million barrels per day until December 31 2026. With Donald Trump as President of the US in January 2025, he plans to unleash the output of oil in the US and that may lead to further drops in oil prices.  However there is still conflict in the Middle East and Ukraine.  So if there is any additional increase in geopolitical conflicts, oil prices could still rise.  @Tiger_comments  @TigerStars  

      【🎁有獎話題】OPEC+繼續推遲增產！原油期貨仲要震盪幾耐？

      @期貨茄哩虎：
      小虎們大家好呀！原油和原油期貨最近兩個月一直在65美元至71美元關口上下震盪，此前中東局勢等地緣政治不確定性也沒有成為價格上漲的催化劑。[Cry]在OPEC+會議結果出爐後，原油期貨是否能擺脫震盪區間呢？[Facepalm]OPEC+會議結果出爐！當地時間12月5日，OPEC+部長級產能協商會議在線上舉行，原本定於12月1日舉行的聯合部長級監測委員會（JMMC）第57次會議和第38屆歐佩克和非歐佩克部長級會議（ONOMM）推遲至當日召開，雖然OPEC官方給的是日程安排衝突，但市場預計可能是生產戰略方面出現分歧。[Surprised]據悉，OPEC+已原則上同意推遲原定明年1月啓動的增產計劃，同時繼續討論推遲的期限。計劃將從明年4月開始逐步解除最新一輪減產協議，直到2026年9月，這比最開始的計劃時間晚了一年的時間。在推遲增產的消息公佈後，WTI原油期貨和布倫特原油期貨出現下跌。[OMG]圖源：hk.finance.Yahoo、Bloomberg2022年以來，OPEC+一直通過限制產量來調節原油市場的供給需求，並穩定油價。今年6月，OPEC+宣佈逐步恢復自2022年以來減產計劃，並將在一年內每月分批增加總計220萬桶/日的產量路線圖，但由於市場需求疲軟，美國、加拿大等國家地區的石油供應過剩，本次已經是OPEC+連續第三次叫停增產計劃。[Facepalm]國際能源署此前也表示，即便OPEC+不增長，預計2025年全球市場也將面臨過剩。華爾街大行也表示，OPEC+繼續限制生產的話，原油價格可能會跌至60美元。[Duh]在上個月的OPEC的月度石油市場報告中，該組織下調了對2024年和2025年全年的全球石油需求預期。石油價格接連暴跌已經對許多石油成員國造成了財務威脅，阿聯酋預計從明年開始每月分階段增產30萬桶/日，阿布扎比預計也會大力推動增產。美國製裁伊朗油船！在剩餘任期只有一
      【🎁有獎話題】OPEC+繼續推遲增產！原油期貨仲要震盪幾耐？
      40710
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    • IykykIykyk
      ·2024-10-30
      Look long term. Price remain steady 
      263Comment
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    • Bull HuangBull Huang
      ·2024-10-29
      $Exxon Mobil(XOM)$ $Occidental(OXY)$  [Miser]  Will oil prices rebound due to these geopolitical strains, or are we heading towards new lows? In my opinion, the mounting tensions are likely to cause oil prices to rebound rather than hit new lows. As of October 2023, relations between Iran and Israel have deteriorated significantly. Incidents ranging from cyber-attacks to skirmishes involving proxy groups have heightened fears of a broader conflict in the Middle East. Given that this region is a crucial hub for global oil production and transportation, any instability here tends to have immediate repercussions on oil markets. Historical Impact of Middle East Tensions on Oil Prices Historically
      1.78K1
      Report
    • Ivan_GanIvan_Gan
      ·2024-10-29

      How a war between Israel and Iran could impact oil prices and the whole market？

      After the U.S. stock market closed over the weekend, it was suddenly reported that Israel's retaliation plan for the Iranian attack had been implemented. Judging from the time when it occurred, it was obvious that Israel chose to close the financial market because it did not want things to expand. This is related to the approaching time of the U.S. election. Not unrelated. At the same time, the focus of Israel's retaliation is to attack Iran's related military facilities, avoiding crude oil and nuclear facilities, which is lower than market expectations. Therefore, if Iran does not take further actions after Israel's retaliation, the market will return to calm. But the question is, will Iran suck it up?Profound impact on the crude oil marketIf this "retaliation cycle" does not have a stron
      1.07K2
      Report
      How a war between Israel and Iran could impact oil prices and the whole market？
    • KoniiKonii
      ·2024-10-29
      Stay
      284Comment
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    • BenshineBenshine
      ·2024-10-29
      Clean energy cannot fight the wars. Oil is need to be in power. Everywhere still need oil.
      296Comment
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    • 2024贏2024贏
      ·2024-10-29
      cls
      122Comment
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    • Success88Success88
      ·2024-10-28
      Yeah oil had drop but my country Singapore 🇸🇬 fuel price still the same high 😤
      114Comment
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    • Chan Chan ChanChan Chan Chan
      ·2024-10-28
      Strong
      137Comment
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    • pay to winpay to win
      ·2024-10-28
      good
      231Comment
      Report
    • TigerongTigerong
      ·2024-10-13
      With the latest new in Middle East .The Middle East conflict is worsening. In 2023, Hamas attacked Israel and took hostages back to Gaza. Israel retaliated by invading Gaza, and the situation remains unresolved. Israel is now battling on a second front, engaging Hezbollah, and in October, it invaded Lebanon. Last week, Iran launched 180 ballistic missiles at Israel, most of which were intercepted. In response, it is expected that Israel will retaliate, and there are rumors that Iran’s oil facilities may be the target. Iran, a member of OPEC, accounts for about 3% of global output. While this is not a significant share, especially considering the economic sanctions Iran faces that restrict its supplies from reaching most markets, the real issue is Iran’s geographic influence. Iran controls
      185Comment
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    • WJ77WJ77
      ·2024-10-12
      Wars especially in the middle east traditionally were triggers to oil price surge. While the world is trying to go green, there are still big consumers out there which must have no choice but to rely on oil to power themselves. The war in the Middle East  inbihited oil harvesting and conveyance and consequently led to the surge in prices as a basic economic function of supply and demand. And this may not be a necessary bad factor to the oil producers, which can scale down and slow down their oil export while maintaining profit margin.
      294Comment
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    • IykykIykyk
      ·2024-10-10
      Peace forever let's go
      251Comment
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    • AN88AN88
      ·2024-10-10
      Yes and so is inflation. 
      127Comment
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    • Ivan_GanIvan_Gan
      ·2024-10-09

      Here's how Iran's missile strikes could impact markets

      During the National Day, the biggest thing in the external market was that Iran launched a large number of missile attacks on Israel on October 1 in response to a series of previous deaths of Iran's close leaders, which plunged the entire situation in the Middle East into a "cycle of revenge" and once again changed market expectations. The focus is reversed. As everyone in China is still immersed in the joy of the skyrocketing A-shares, there is little attention to the news of the external market. Therefore, it is estimated that except for a few commodities closely related to the external market, other commodities are expected to continue to run after the holiday.·1. U.S. stocks fluctuate at high levelsAlthough the escalation of the conflict between Iran and Israel has no direct impact on
      1.60KComment
      Report
      Here's how Iran's missile strikes could impact markets
    • Kong123Kong123
      ·2024-10-09
      Wti could reach 93, 
      211Comment
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    • Tiger VTiger V
      ·2024-10-09

      Oil Prices Plunge Amid Ceasefire Hopes and Volatile Geopolitical News

      Overview Oil prices fell sharply on Tuesday, sliding more than 4% as reports emerged of a possible ceasefire between Hezbollah and Israel. However, market jitters remain high due to the ongoing Middle Eastern conflict and fears of an attack on Iranian oil infrastructure. As a result, oil prices, which had surged to their highest in months just days earlier, are now fluctuating amid significant geopolitical uncertainty. Brent crude futures fell by $3.75 to settle at $77.18 per barrel, and West Texas Intermediate (WTI) futures ended down $3.57 at $73.57 per barrel. Ceasefire Between Hezbollah and Israel Causes Oil Price Drop Tuesday’s oil price decline was primarily driven by reports suggesting that Hezbollah might be open to a ceasefire in its ongoing conflict with Israel. This news offered
      2001
      Report
      Oil Prices Plunge Amid Ceasefire Hopes and Volatile Geopolitical News
    • pay to winpay to win
      ·2024-10-09
      very good
      157Comment
      Report
    • Success88Success88
      ·2024-10-08
      Yes did buy oil $Occidental(OXY)$ and still holding
      207Comment
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    • RiduanewRiduanew
      ·2024-10-08
      Cuapcuavupucspu lsculs lysyl ssy lsyclsyl l😃😊😭☺️☺️😙😚😙☺️☺️😚😙😚😙☺️☺️😙😙☺️😙☺️☺️😙😙😙😂😙😙😂😭😚😂😙
      107Comment
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    • koolgalkoolgal
      ·2024-12-10
      🌟🌟🌟OPEC members have decided to postpone plans to increase production due to a lukewarm outlook for global demand of oil.  OPEC is now restricting its combined production to 39.725 million barrels per day until December 31 2026. With Donald Trump as President of the US in January 2025, he plans to unleash the output of oil in the US and that may lead to further drops in oil prices.  However there is still conflict in the Middle East and Ukraine.  So if there is any additional increase in geopolitical conflicts, oil prices could still rise.  @Tiger_comments  @TigerStars  

      【🎁有獎話題】OPEC+繼續推遲增產！原油期貨仲要震盪幾耐？

      @期貨茄哩虎：
      小虎們大家好呀！原油和原油期貨最近兩個月一直在65美元至71美元關口上下震盪，此前中東局勢等地緣政治不確定性也沒有成為價格上漲的催化劑。[Cry]在OPEC+會議結果出爐後，原油期貨是否能擺脫震盪區間呢？[Facepalm]OPEC+會議結果出爐！當地時間12月5日，OPEC+部長級產能協商會議在線上舉行，原本定於12月1日舉行的聯合部長級監測委員會（JMMC）第57次會議和第38屆歐佩克和非歐佩克部長級會議（ONOMM）推遲至當日召開，雖然OPEC官方給的是日程安排衝突，但市場預計可能是生產戰略方面出現分歧。[Surprised]據悉，OPEC+已原則上同意推遲原定明年1月啓動的增產計劃，同時繼續討論推遲的期限。計劃將從明年4月開始逐步解除最新一輪減產協議，直到2026年9月，這比最開始的計劃時間晚了一年的時間。在推遲增產的消息公佈後，WTI原油期貨和布倫特原油期貨出現下跌。[OMG]圖源：hk.finance.Yahoo、Bloomberg2022年以來，OPEC+一直通過限制產量來調節原油市場的供給需求，並穩定油價。今年6月，OPEC+宣佈逐步恢復自2022年以來減產計劃，並將在一年內每月分批增加總計220萬桶/日的產量路線圖，但由於市場需求疲軟，美國、加拿大等國家地區的石油供應過剩，本次已經是OPEC+連續第三次叫停增產計劃。[Facepalm]國際能源署此前也表示，即便OPEC+不增長，預計2025年全球市場也將面臨過剩。華爾街大行也表示，OPEC+繼續限制生產的話，原油價格可能會跌至60美元。[Duh]在上個月的OPEC的月度石油市場報告中，該組織下調了對2024年和2025年全年的全球石油需求預期。石油價格接連暴跌已經對許多石油成員國造成了財務威脅，阿聯酋預計從明年開始每月分階段增產30萬桶/日，阿布扎比預計也會大力推動增產。美國製裁伊朗油船！在剩餘任期只有一
      【🎁有獎話題】OPEC+繼續推遲增產！原油期貨仲要震盪幾耐？
      40710
      Report
    • Bull HuangBull Huang
      ·2024-10-29
      $Exxon Mobil(XOM)$ $Occidental(OXY)$  [Miser]  Will oil prices rebound due to these geopolitical strains, or are we heading towards new lows? In my opinion, the mounting tensions are likely to cause oil prices to rebound rather than hit new lows. As of October 2023, relations between Iran and Israel have deteriorated significantly. Incidents ranging from cyber-attacks to skirmishes involving proxy groups have heightened fears of a broader conflict in the Middle East. Given that this region is a crucial hub for global oil production and transportation, any instability here tends to have immediate repercussions on oil markets. Historical Impact of Middle East Tensions on Oil Prices Historically
      1.78K1
      Report
    • Ivan_GanIvan_Gan
      ·2024-10-29

      How a war between Israel and Iran could impact oil prices and the whole market？

      After the U.S. stock market closed over the weekend, it was suddenly reported that Israel's retaliation plan for the Iranian attack had been implemented. Judging from the time when it occurred, it was obvious that Israel chose to close the financial market because it did not want things to expand. This is related to the approaching time of the U.S. election. Not unrelated. At the same time, the focus of Israel's retaliation is to attack Iran's related military facilities, avoiding crude oil and nuclear facilities, which is lower than market expectations. Therefore, if Iran does not take further actions after Israel's retaliation, the market will return to calm. But the question is, will Iran suck it up?Profound impact on the crude oil marketIf this "retaliation cycle" does not have a stron
      1.07K2
      Report
      How a war between Israel and Iran could impact oil prices and the whole market？
    • BarcodeBarcode
      ·2024-10-07
      $Exxon Mobil(XOM)$ $Chevron(CVX)$ $Energy Select Sector SPDR Fund(XLE)$ $WTI Crude Oil - main 2411(CLmain)$ 🔺🅱🆄🅻🅻🅸🆂🅷🔺 🚨‼️🚨 Buffett’s Red Alert: Is the Market Too Frothy? 🚨‼️🚨 Kia ora Tiger traders! Get your ☕️ coffee cups ready because Warren Buffett’s flashing red lights are brighter than a Tui bird’s song at dawn! ☕🛑 The Oracle of Omaha has sold $97 billion worth of stocks and stashed nearly half of Berkshire Hathaway’s wealth in ultra-safe Treasury bills. What’s the big deal? The Buffett Indicator is sitting at 198.3%, and that’s about as bloated as your cousin after a second helping of pavlova. 😅📊 Add in the ne
      1.02K16
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    • Ivan_GanIvan_Gan
      ·2024-10-09

      Here's how Iran's missile strikes could impact markets

      During the National Day, the biggest thing in the external market was that Iran launched a large number of missile attacks on Israel on October 1 in response to a series of previous deaths of Iran's close leaders, which plunged the entire situation in the Middle East into a "cycle of revenge" and once again changed market expectations. The focus is reversed. As everyone in China is still immersed in the joy of the skyrocketing A-shares, there is little attention to the news of the external market. Therefore, it is estimated that except for a few commodities closely related to the external market, other commodities are expected to continue to run after the holiday.·1. U.S. stocks fluctuate at high levelsAlthough the escalation of the conflict between Iran and Israel has no direct impact on
      1.60KComment
      Report
      Here's how Iran's missile strikes could impact markets
    • Tiger VTiger V
      ·2024-10-09

      Oil Prices Plunge Amid Ceasefire Hopes and Volatile Geopolitical News

      Overview Oil prices fell sharply on Tuesday, sliding more than 4% as reports emerged of a possible ceasefire between Hezbollah and Israel. However, market jitters remain high due to the ongoing Middle Eastern conflict and fears of an attack on Iranian oil infrastructure. As a result, oil prices, which had surged to their highest in months just days earlier, are now fluctuating amid significant geopolitical uncertainty. Brent crude futures fell by $3.75 to settle at $77.18 per barrel, and West Texas Intermediate (WTI) futures ended down $3.57 at $73.57 per barrel. Ceasefire Between Hezbollah and Israel Causes Oil Price Drop Tuesday’s oil price decline was primarily driven by reports suggesting that Hezbollah might be open to a ceasefire in its ongoing conflict with Israel. This news offered
      2001
      Report
      Oil Prices Plunge Amid Ceasefire Hopes and Volatile Geopolitical News
    • Tiger VTiger V
      ·2024-09-25

      Oil Prices Surge Nearly 2% Amid Stimulus and Geopolitical Tensions

      Overview Global oil prices rallied close to 2%, driven by a combination of factors including Chinese economic stimulus measures, rising geopolitical tensions in the Middle East, and technical trading patterns. Brent crude futures for November rose $1.27, or 1.7%, to settle at $75.17 per barrel, marking its highest level since early September. Similarly, West Texas Intermediate (WTI) crude gained $1.19, or 1.7%, to $71.56 per barrel. Chinese Stimulus Boosts Energy Demand Prospects The People’s Bank of China announced a series of stimulus measures, including reducing key short-term interest rates and encouraging bank lending. These measures are part of China’s efforts to achieve its annual economic growth targets, and they have raised expectations of higher energy demand in the world's secon
      330Comment
      Report
      Oil Prices Surge Nearly 2% Amid Stimulus and Geopolitical Tensions
    • Tiger VTiger V
      ·2024-09-24

      Oil Prices Surge Amid Chinese Stimulus and Middle East Tensions

      Overview Oil prices have rallied on the back of supportive news, including China's recent monetary stimulus and heightened concerns over Middle East tensions. As the world’s biggest crude producer, the U.S., braces for another hurricane, crude prices have seen a sharp upward movement. However, market analysts caution that the rally may not be sustainable in the medium term due to persistent demand concerns and the absence of fiscal policies to complement monetary easing. As of early trading on Tuesday, Brent crude futures for November climbed 1.14% to $74.74 per barrel, while U.S. West Texas Intermediate (WTI) crude futures for November rose by 1.31% to $71.29 per barrel. Chinese Monetary Stimulus Drives Oil Rally The primary driver of today’s oil price surge was China’s unexpected decisio
      194Comment
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      Oil Prices Surge Amid Chinese Stimulus and Middle East Tensions
    • Tiger VTiger V
      ·2024-09-12

      Hurricane Concerns Lift Oil Prices, But Weak Demand Limits Gains

      Overview Oil prices surged over 1% on Thursday as traders reacted to the disruptions caused by Hurricane Francine in the U.S. Gulf of Mexico. Brent crude rose by $1.01 to reach $71.62 per barrel, while U.S. West Texas Intermediate (WTI) crude increased by $1 to $68.31. However, despite the supply concerns stemming from the hurricane, a dim demand outlook continues to weigh heavily on the market, capping the recent price gains. Hurricane Francine’s Impact on U.S. Oil Production Hurricane Francine's landfall in southern Louisiana has led to significant disruptions in U.S. offshore oil production. Nearly 39% of oil and almost half of natural gas production in the Gulf of Mexico was offline as operators evacuated 171 production platforms and three rigs. This region accounts for about 15% of U.
      1.42KComment
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      Hurricane Concerns Lift Oil Prices, But Weak Demand Limits Gains
    • Tiger VTiger V
      ·2024-09-13

      Oil Prices Surge Amid Hurricane-Driven Supply Disruptions: Temporary or Sustained?

      Overview Oil prices experienced a sharp rise on Thursday, climbing over 2% as Hurricane Francine led to significant production shutdowns in the Gulf of Mexico. However, despite this short-term disruption, concerns remain over weak global demand, particularly from China and the US, which have been weighing heavily on the market. This report delves into the impact of Hurricane Francine, ongoing concerns about demand, and what the future holds for oil prices. Impact of Hurricane Francine on Gulf Oil Production As Hurricane Francine tore through the oil-rich Gulf of Mexico, approximately 42% of the region’s oil output, or 730,000 barrels per day, was shut down. The resulting supply disruption caused both US West Texas Intermediate (WTI) and Brent crude prices to surge. WTI crude futures rose b
      533Comment
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      Oil Prices Surge Amid Hurricane-Driven Supply Disruptions: Temporary or Sustained?
    • Tiger VTiger V
      ·2024-09-11

      Oil Prices Slide to Two-Year Lows Amid Weakened Demand Outlook and Supply Concerns

      Overview Global oil prices took a hit on Tuesday, with both Brent crude and West Texas Intermediate (WTI) crude futures plummeting to their lowest levels since 2021 and 2023, respectively. The sharp drop followed OPEC+ revising down its demand forecast for this year and 2025, overshadowing supply disruptions caused by Tropical Storm Francine. A combination of sluggish global economic growth, disappointing data from China, and oversupply concerns has caused significant downward pressure on prices, leading energy stocks to suffer substantial losses. OPEC+ Demand Forecast Cut Hits Oil Market The Organization of the Petroleum Exporting Countries (OPEC+) delivered a blow to the oil market on Tuesday by revising its global oil demand forecast for 2024. According to its monthly report, OPEC cut t
      313Comment
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      Oil Prices Slide to Two-Year Lows Amid Weakened Demand Outlook and Supply Concerns
    • Tiger VTiger V
      ·2024-09-06

      Oil Prices Struggle Amid Demand Worries and Rising Supplies

      Overview Oil prices have recently experienced a significant decline, driven by concerns over weak demand from key markets like the U.S. and China, coupled with potential supply increases from Libya. Despite a substantial withdrawal from U.S. crude inventories and an OPEC+ decision to delay output increases, the market remains cautious. Brent crude and U.S. West Texas Intermediate (WTI) crude closed at their lowest levels in over a year, reflecting the complex interplay of supply, demand, and economic factors. Demand Fears from the U.S. and China Weigh on Oil Prices The primary drivers behind the downward pressure on oil prices are concerns about demand, particularly from the U.S. and China. Both of these economies are key players in the global energy market, and any signs of slowing demand
      7941
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      Oil Prices Struggle Amid Demand Worries and Rising Supplies
    • TigerongTigerong
      ·2024-10-13
      With the latest new in Middle East .The Middle East conflict is worsening. In 2023, Hamas attacked Israel and took hostages back to Gaza. Israel retaliated by invading Gaza, and the situation remains unresolved. Israel is now battling on a second front, engaging Hezbollah, and in October, it invaded Lebanon. Last week, Iran launched 180 ballistic missiles at Israel, most of which were intercepted. In response, it is expected that Israel will retaliate, and there are rumors that Iran’s oil facilities may be the target. Iran, a member of OPEC, accounts for about 3% of global output. While this is not a significant share, especially considering the economic sanctions Iran faces that restrict its supplies from reaching most markets, the real issue is Iran’s geographic influence. Iran controls
      185Comment
      Report
    • Tiger VTiger V
      ·2024-09-05

      Oil Markets See Rollercoaster Amid Demand Concerns and Supply Uncertainty

      Overview: Brent crude oil prices slipped by $1 a barrel on Wednesday, signaling growing uncertainty in the market over near-term demand and supply dynamics. Pessimism surrounding the global economy and a potential surge in Libyan oil exports is exerting downward pressure on prices. However, OPEC+ discussions around delaying output increases could help stabilize the market in the short term. Demand Worries Send Oil Prices Lower Brent crude futures fell by $1.2% to $72.87 a barrel, while U.S. West Texas Intermediate (WTI) crude futures dropped by $1.28% to $69.44. The drop was driven by concerns over a weaker global economy, as soft economic data from the U.S. and China sparked worries about future oil demand. China, the world's largest crude importer, reported a six-month low in manufacturi
      5421
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      Oil Markets See Rollercoaster Amid Demand Concerns and Supply Uncertainty
    • Tiger VTiger V
      ·2024-09-02

      Oil Prices Take a Dip as OPEC+ Signals Increased Output

      Overview As we move into September 2024, oil prices have faced downward pressure, largely driven by expectations that the Organization of the Petroleum Exporting Countries and its allies (OPEC+) will increase oil production starting in October. The decline in prices is compounded by strong consumer spending data from the United States, which has dampened hopes for a significant interest rate cut by the Federal Reserve next month. As a result, both Brent and West Texas Intermediate (WTI) crude futures have experienced notable declines, reflecting a complex interplay of supply and demand dynamics in the global oil market. OPEC+ Supply Increase and Market Impact OPEC+ Production Plans: OPEC+ has announced plans to gradually reduce production cuts starting in October, which has weighed heavily
      339Comment
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      Oil Prices Take a Dip as OPEC+ Signals Increased Output
    • Tiger VTiger V
      ·2024-08-30

      Oil Prices Eye Surge Amid Supply Disruptions: Is a Rally on the Horizon?

      Overview Oil prices have surged by over a dollar per barrel, fueled by significant supply disruptions in Libya and upcoming production cuts in Iraq. These developments have reignited fears of tighter global supplies, pushing Brent and West Texas Intermediate (WTI) crude futures to new heights. As geopolitical tensions and production strategies weigh heavily on the market, traders are left to question: Will oil prices continue their upward trajectory, or will other factors temper the surge? Supply Disruptions in Libya: A Ticking Time Bomb Libya, a nation often plagued by political instability, is once again at the center of global oil market concerns. On Thursday, more than half of Libya's oil production was shut down due to a standoff between rival political factions, leading to the closur
      648Comment
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      Oil Prices Eye Surge Amid Supply Disruptions: Is a Rally on the Horizon?
    • Tiger VTiger V
      ·2024-08-29

      Oil Prices Under Pressure: Will the Decline Continue?

      Overview Oil prices have been under significant pressure recently, driven by a combination of factors including weaker-than-expected U.S. crude inventory data, ongoing concerns over Chinese demand, and persistent geopolitical risks in the Middle East and North Africa. Despite supply risks, particularly from Libya and potential escalation in the Israel-Gaza conflict, oil prices have seen a notable decline. The key question now is whether this downtrend will continue. Mixed Signals from U.S. Crude Inventories The latest data from the U.S. Energy Information Administration (EIA) revealed a smaller-than-expected draw in U.S. crude inventories, with a reduction of just 846,000 barrels—well below analysts' expectations of a 2.3 million barrel draw. This muted drawdown comes despite a notable ris
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      Oil Prices Under Pressure: Will the Decline Continue?
    • SpidersSpiders
      ·2024-10-05
      In recent days, my Occidental Petroleum (OXY) stock has been performing exceptionally well, largely due to the increase in oil prices driven by mounting concerns over escalating tensions in the Middle East. While I am relieved to see the value of my investment rise, I find it difficult to take genuine satisfaction from this outcome. On one hand, the increase in oil prices undeniably benefits my portfolio. But on the other hand, I cannot ignore the troubling reasons behind this spike. It is unsettling to think that my financial gain is indirectly tied to instability and conflict. The turmoil in the Middle East, which has far-reaching and devastating consequences for countless lives, is not something anyone should celebrate. Though the increase in oil prices is not something I control, I sti
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    • Tiger VTiger V
      ·2024-08-28

      Oil Prices Take a Breather: A 2% Decline Following a Three-Day Surge

      Overview: Oil prices saw a notable pullback on Tuesday, falling approximately 2%, as concerns over the potential slowdown in economic growth in the US and China raised doubts about future energy demand. This decline comes after a significant surge in prices over the previous three days, driven by supply concerns in Libya and heightened tensions in the Middle East. Price Movements: A Natural Correction Following a substantial three-day rally that saw prices rise by more than 7%, the oil market experienced a natural correction. Brent crude futures dropped by US$1.88 (2.3%) to settle at US$79.55 per barrel, while US West Texas Intermediate (WTI) crude declined by US$1.89 (2.4%) to close at US$75.53 per barrel. Analysts from Ritterbusch and Associates noted that the price pullback, while signi
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      Oil Prices Take a Breather: A 2% Decline Following a Three-Day Surge
    • Tiger VTiger V
      ·2024-08-27

      Oil Prices Recede After Three Days of Sharp Gains: A Mixed Outlook in ASEAN Markets

      Overview After a significant surge in oil prices over the past three sessions, driven by heightened geopolitical tensions and supply concerns, oil prices took a slight pause during Asian trading on Tuesday. Both Brent and West Texas Intermediate (WTI) crude futures recorded minor declines, indicating a momentary pullback from the recent rally. However, the underlying factors—Middle East tensions and supply disruptions—continue to keep markets on edge. Geopolitical Tensions and Supply Disruptions Drive Recent Gains The recent surge in oil prices, where Brent crude saw an increase of 7% and WTI gained 7.6% over three sessions, was primarily driven by two key factors: escalating tensions in the Middle East and supply disruptions in Libya. The military clashes between Israel and Hezbollah have
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      Oil Prices Recede After Three Days of Sharp Gains: A Mixed Outlook in ASEAN Markets