A five-month high! Amidst a chorus of bearish voices, oil prices continue to rise.
The market previously widely expected that there would be a significant oversupply in the Crude Oil Product market this year, and that oil prices would remain stable or weaken. However, with the USA announcing a new round of sanctions on the Russian Energy sector, the market outlook became complex, compounded by concerns over Trump's tariff policy, leading to rising oil prices for consecutive days.
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Shares of Oil-related Companies Are Trading Higher Amid New U.S. Sanctions Towards Russia's Energy Supply Chain.
Midday Crude Oil Analysis: Sanctions on Russian oil and conflicts in the Middle East, has the oil price breaking $80 per barrel just begun?
After the Biden administration announced strengthened sanctions on Russia's Energy exports, Brent Crude Oil Product Futures surged significantly during the early trading session in Asia, with prices exceeding 80 dollars per barrel.
The USA has implemented the "harshest" sanctions against Russia! Russia claims it will respond, and both oils opened higher with a gap.
This could be the key support for the strengthening of oil prices! Speculators have even already Hold long positions waiting for an increase...
The USA has implemented the "strictest measures" against Russia, and oil prices have reached a four-month high.
After increasing nearly 4% in the previous Trade, the Global benchmark Brent Crude Oil Product price rose to over $81 per barrel. The West Texas Intermediate Crude Oil Product price is close to $78.
"Oil Bull" makes a comeback! With the US, UK, and Japan sanctioning Russia, is a Global Energy storm arising again?
Market Call sentiment returns.
Oil Prices Pop on Icy Weather, More Sanctions -- WSJ
Oil Prices Jump 4% on Cold Weather, Supply Concerns
Brent crude futures surged over 4%! Chevron and Occidental Petroleum both rose over 2%, and Goldman Sachs emphasized that oil demand will expand due to the cold winter.
On Friday, influenced by the decline in USA Crude Oil Product inventories, the international crude oil price benchmark—Brent Futures price rose by over 2%, breaking through $78.5 per barrel.
Goldman Sachs analyzes the Crude Oil Product market: Oil prices break through the 100-day moving average triggering algorithmic Trade. Oil demand will expand due to the cold winter.
On Friday, influenced by the decline in USA Crude Oil Product inventories, the international crude oil price benchmark—Brent Futures price rose by over 2%, breaking through $78.5 per barrel.
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The "monsters" in the oil market are starting to retreat, and oil prices are about to reveal their true colors.
Algorithm traders who have been dominating the Crude Oil Product market are withdrawing, and traders focused on supply and demand fundamentals are expected to regain control.
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Want to bring down oil prices? Trump's tough talk may have been premature!
The USA's Energy production is indeed expected to rise, but most of the growth will come from Henry Hub Natural Gas rather than oil.
A strong response to the 'Trump tariff threat'! Canada’s Energy Minister: The USA cannot find alternatives at all.
① The Canadian Minister of Energy, Jonathan Wilkinson, stated that Trump's claim that the USA does not need anything from Canada is "completely wrong." ② Wilkinson mentioned that the USA finds it difficult to find alternatives to Canadian Crude Oil Product, Uranium, and potash, and warned that trade retaliation measures, including export taxes, may be taken.
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