Goldman Sachs: Geopolitical risk premium indicators have slightly declined, oil prices are expected to stabilize this quarter.
Goldman Sachs' report on Tuesday (October 8) pointed out that the geopolitical risk premium indicators in the oil market fell slightly this week; The bank believes that, without major disruptions, oil prices this quarter may stabilize around the current levels; However, Goldman Sachs still expects Brent crude oil prices to increase by $10 to $20 per barrel in the future from current levels.
Reverse, reverse again and reverse again! What happened to the oil price roller coaster ride?
Affected by factors such as OPEC's plan to increase supply in December, the Brent crude oil price has dropped from over $90 in April to slightly below $70 in mid-September. Subsequently, with china's central bank's announcement of a "policy gift package" and increased turmoil in the Middle East, oil prices reversed, rising by over 9% for the week. On Tuesday, china's NDRC held a press conference, and as the Middle East tension did not escalate as expected, oil prices reversed again, dropping sharply by 5% on Tuesday.
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Express News | Analysts at The Carlyle Group believe that there are risks in the crude oil supply, and oil prices may rise by $10.
US Total Crude Oil Stocks Rise in Week Ended Oct. 4
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The performance of the Dow before the election day 11 weeks, is related to whether the ruling party candidate has won the presidential election since 1968.
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Crude Oil Finds Support as Market Focus Shifts Back to Supply
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Recent Oil Price Rally Exaggerated as Supply Plentiful and Demand Still Sluggish, Commerzbank Says
Winter demand heats up, United Kingdom natural gas futures prices surpass Europe.
In recent days, the November delivery United Kingdom natural gas contract is about 2% higher than the most liquid Netherlands natural gas futures contract in europe, a larger increase than the same period last year.
S&P Global: Under the escalation of the Middle East situation, the global economy is facing an unprecedented 'dangerous period.'
s&p global Vice Chairman and energy expert Daniel Yergin said on Tuesday that due to escalating tensions in the Middle East, the global economy is entering an unprecedented 'dangerous period'. Yergin pointed out that he expects Israel's retaliatory actions to not only be a replay of April but to be 'even more intense'.
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ConocoPhillips on Pace for Largest Percent Decrease Since September 2024 -- Data Talk
Shares of Energy Companies Are Trading Lower, Pulling Back After Recently Rising Amid Middle East Tensions. China Stimulus Uncertainty May Also Be Impacting the Demand Outlook.
Middle East risks beginning to dissipate? Crude oil plunges more than 3% intraday.
Some analysts believe that the current increase in oil prices is based solely on expectations rather than actual supply disruptions, and the likelihood of Israel attacking Iranian oil infrastructure is low.
Crude Oil Futures Pull Back After Rally -- Market Talk