Oil market participation continues to fall. Analyst explains

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 43 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 31%
  • Publisher: 63%

Oil Market Nouvelles

Crude Oil,Oil Refineries,Drone Strikes

Crude oil (CL=F, BZ=F) prices are seeing slight gains around US oversupply concerns and escalating geopolitical conflicts, namely Ukraine's reported drone...

) prices are seeing slight gains around US oversupply concerns and escalating geopolitical conflicts, namely Ukraine's reported drone strikes targeting Russian oil refineries.

So yy, you know, all these things considered, how is what we're seeing in the oil prices and, and the broader oil price action that has seen some new 2024 lows and even crack through December 2023 lows. And right now financial participation in oil markets is probably as low as it's been since oil really became an asset class.

That might happen, for example, on a short term basis, if we get a Trump 2.0 presidency and then, you know, the final thing is, is OPEC, I mean, OPEC is really whiffed on this one. Increases in women getting sterilization procedures were seen across the U.S. immediately after the Supreme Court's decision, but continued to rise in states where abortion was banned.Consumer price index data for August could mean the difference between a quarter-point and a half-point Federal Reserve rate cut next week.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 47. in BE
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Oil prices edge up on U.S. crude stocks, possible delay to OPEC+ supply hikeBrent crude for November rose 42 cents to $73.12 a barrel by 0810 GMT, while U.S. West Texas Intermediate crude for October was up 37 cents to $69.57
La source: globeandmail - 🏆 5. / 92 Lire la suite »