Sunday, February 5, 2023
News24xx
Advertisement
  • News
  • Crime
  • Politics
  • Business
  • Culture
  • Opinion
  • Advertorial
  • Gallery
No Result
View All Result
News24xx
  • News
  • Crime
  • Politics
  • Business
  • Culture
  • Opinion
  • Advertorial
  • Gallery
No Result
View All Result
News24xx
No Result
View All Result
Home Tak Berkategori

Crude oil relieves bears from the energy stock market

2 September 2020
ArgabyArga
Crude oil relieves bears from the energy stock market
Share on FacebookShare on Twitter

Time is working against the plummeting energy prices that increasingly depend on pushing stocks to survive, in our view. Optimism about continued OPEC production cuts and reduced demand is likely to perpetuate market realism. One of the most important risks of lower energy prices is an extension in the stock market.

As long as the stock market remains indifferent, Crude Oil will be stable. After bouncing from one-hour lows, the bearish trajectory is in danger of restarting since the decline in Crude Oil. At just 0.80, the 24-month correlation between the Bloomberg Energy Spot and the S&P 500 is by far the highest, indicating what really matters for most of the commodities: stocks. We see details of OPEC production cuts and optimistic demand estimates in the form of market noise amid typical shifts, which is unfavorable to prices.

You might also like

Jokowi : Kemungkinan Perombakan Bisa jadi Rabu atau Kamis

Fakta-fakta Terkait Kasus Prostitusi Online di Semprot.com

Pesepakbola Diduga Tusuk Anus Lawan dengan Jari

OPEC needs to keep the cut to balance the market, and revenue requirements are greater to maintain an adequate supply. Against the backdrop of fast-moving technology and demographic shifts, revisions to demand estimation tend to risk an acceleration of the decline.

Fast-moving technology has a history of pressure on commodity prices, and a bear market for crude oil is associated with this phenomenon, in our view. The fall in the price of the world’s most important commodity has led the G4 central bank’s balance sheet steadily as a percentage of GDP since the financial crisis. If resource-heavy inflation is a problem, central banks will be less willing to provide more quantitative easing (QE). Low crude oil prices are the prevailing trend and we believe that Brent crude is likely to continue down this path, especially as epidemics affect global economic growth.

Supply cutting is the result of lower prices, but production needs to be stronger as prices improve and technology advances. Our chart gave Brent crude a jump in good resistance to the downside.

For example, in relation to deflationary forces in commodities of more than a decade, we see limited upside to the natural gas price boom. Global warming reduces the need for gas for heating and the associated demand for electricity increases as landscapes change with rapid technological development. The rapid increase in US supplies has been the primary constraint to the gas price, and we see a major force keeping production trajectory moving upward. Our chart depicts the record future recovery of natural gas from its multi-decade lows in June, and the EIA predicts a sharp drop in supply.

If past trends are repeated, gas will continue to do the same for most of the past decade – a downturn from US supply growth. Good resistance is around $ 3 per MMBtu, versus the Aug 26 price of about $ 2.50.

If stocks continue to swing, crude oil will remain stable, but lower energy prices are the dominant trend, in our view. At around $ 46 a barrel on August 26, Brent crude is considered somewhat reasonable for an optimistic recovery in global demand and continued OPEC cuts. There is an increased risk of a dose of realism – slow demand and oversupply, particularly from North America – that has driven prices down since the 2008 peak. The West Texas Intermediate reverts back to the old quality premium versus Brent, so both criteria must ultimately be determined by good resistance About 0.50.

Until the stock market can move forward, we resume the most enduring bear market path and head towards $ 30, given the greater risks for crude oil.

The familiar example of 2019 to recover crude oil in the stock market until it is no longer possible is, in our view, a high-risk repetition. Akin in 2018-2019, when crude oil and equity plunged and were simultaneously recovered, the West Texas Intermediate price recovery exhibited similar symptoms of fatigue when it peaked at around $ 66 a barrel in the second quarter of 2019. Our chart shows a significant difference from a period Last year – US WTI stock is very high, indicating expensive headwinds.

With 30-day WTI volatility dropping to the lowest time since January, just before the price drop, our radar has been raised for some volatility which means a bounce. Crude Oil is in danger of peaking soon and the stock market rally may not recover. The lack of exposure in West Texas regarding Hurricane Laura is a sign of relative weakness.

Tags: businessdollarEconomyforexmoneystockUSwallstreet

Trending Topic

No Content Available

Related Post

Depresi, Seorang Pria Nekat Terjun ke Sungai

Depresi, Seorang Pria Nekat Terjun ke Sungai

by Devi
1 February 2023
0

Warga Desa Sukaluyu digegerkan dengan penemuan sesosok mayat laki-laki di bawah jambatan Sungai Peusar Kampung Garduh RT 01 RW 01...

Heboh, Warga Jambi Temukan Tulang Belulang dalam Sarung

Heboh, Warga Jambi Temukan Tulang Belulang dalam Sarung

by Almi Fitri
31 January 2023
0

Penemuan tengkorak dan tulang dalam kain sarung, di Jalan Haji Adam Malik,Kelurahan Beringin, Kecamatan Jambi Selatan, Kota Jambi. Bikin heboh...

Pelajar di Maros Diperkosa Kekasih dan Dua Temanya, Setelah Dibikin Mabuk

Pelajar di Maros Diperkosa Kekasih dan Dua Temanya, Setelah Dibikin Mabuk

by Almi Fitri
31 January 2023
0

Pelajar inisial NF (15) menjadi korban pemerkosaan kekasihnya dan dua temannya usai dicekoki minuman keras (miras) di kawasan Pattene, Kabupaten...

Hendak Pesta Miras di Rumah Kosong Ragunan, Para Bocah Dipergoki Warga

Hendak Pesta Miras di Rumah Kosong Ragunan, Para Bocah Dipergoki Warga

by Devi
30 January 2023
0

Sekumpulan anak-anak bocah di bawah umur terjerumus kenalakan remaja dengan mencoba meminum-minuman keras di rumah kosong Gg. Borobudur jalan Cilandak...

Setubuhi Anak Tiri Berulang Kali hingga Hamil, Pria Ini Malah Minta Korban Ngaku Dihamili Tentara

Setubuhi Anak Tiri Berulang Kali hingga Hamil, Pria Ini Malah Minta Korban Ngaku Dihamili Tentara

by Rizka
2 February 2023
0

Penyidik Satuan Reserse dan Kriminal Kepolisian Resor Timor Tengah Utara (TTU), Nusa Tenggara Timur (NTT), memeriksa tersangka dan sejumlah saksi...

Diduga Jantungan, Pegawai BRK Tabrak Mobil Parkir sebelum Menghembuskan Nafas Terakhir

Diduga Jantungan, Pegawai BRK Tabrak Mobil Parkir sebelum Menghembuskan Nafas Terakhir

by Almi Fitri
31 January 2023
0

Diduga Sakratul maut saat berkendara. Seorang pegawai Bank Riau Kepri Syariah ditemukan tewas di Jalan Selamat, Kelurahan Labuhbaru Timur, Kecamatan...

Browse by Category

  • Advertorial
  • Advertorial Indragiri Hilir
  • Advertorial Siak
  • Bengkalis
  • Business
  • Crime
  • Culture
  • Entertainment
  • Fashion
  • Food
  • Gallery
  • Health
  • Hukum
  • Indragiri Hilir
  • Indragiri Hulu
  • International
  • Kampar
  • Kuantan Singingi
  • Lifestyle
  • National
  • News
  • Opinion
  • Pekanbaru
  • Pelalawan
  • Politics
  • Riau
  • Rokan Hilir
  • Rokan Hulu
  • Siak
  • Sports
  • Tak Berkategori
  • Tour de Siak
  • Travel
  • World

Browse by Tags

Aceh bali Bengkalis Brigadir J BTS celebrity coronavirus Covid-19 crime Curanmor DPRD Riau Ferdy Sambo health india indonesia Indra Kenz inhil international Jakarta jambret Kampar Korupsi KPK Kuansing narkoba national Papua Pekanbaru pembunuhan pemerkosaan pencabulan pencurian Penganiayaan Piala Dunia 2022 Polda Riau polisi Polri riau Rohil Rohul sabu siak technology TNI Viral
Next Post
Ivan Rakitic Has Now Parted Ways With Barcelona

Ivan Rakitic Has Now Parted Ways With Barcelona

News24xx

CATEGORIES

news | crime | politics | business | culture | opinion | advertorial | gallery
INFORMATION

Redaksi | Tentang Kami | Kontak | Pedoman Media Siber
OUR NETWORK

riau1.com | riau24.com | news24.co.id | holidayayo.com

© 2021 News24xx - Berita Terbaru Terkini Hari Ini.

No Result
View All Result
  • Home
  • News
  • Crime
  • Politics
  • Business
  • Culture
  • Opinion
  • Advertorial
  • Gallery

© 2021 News24xx - Berita Terbaru Terkini Hari Ini.

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?