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How to view the "historically pessimistic" oil price, goldman sachs: short but long!
Goldman Sachs expects that Brent crude oil will recover to $77 per barrel in the fourth quarter of this year, as the market's overly pessimistic sentiment towards oil demand improves and the OECD inventory remains slightly below normal levels, providing some support for oil prices. However, over time, the market's pessimistic expectations for supply and demand balance are gradually increasing, putting further pressure on oil prices next year.
Oil prices rebounded before the Federal Reserve interest rate decision, and it is feared that the bulls will have a difficult time causing a major storm.
Nearly 20% of crude oil production in the Gulf of Mexico in the United States has been halted, and with the imminent interest rate cut by the Federal Reserve, it has provided support for oil prices, but the market may still remain cautious.
After "getting the US bond right", BofA's Hartnett: gold hedge against "secondary inflation", the best "contrary trade" is oil and metals.
Hartnett believes that whether it is Harris or Trump who finally becomes the President of the United States, it will not change the trajectory of the expanding government debt and ballooning deficit in the United States. Therefore, the market will turn to gold in a flight-to-safety sentiment, and it is expected that the price of gold will rise to $3,000 per ounce.
The chain reaction of the Fed's interest rate cut: small cap stocks are highly favored.
Many smaller AI sector stocks in the Asian market are relatively few, so their valuations are not expensive; coupled with the dovish turn of the Federal Reserve, which has pushed up the currencies of these Asian countries, some central banks have room to lower interest rates and implement loose policies to support economic growth.
If Trump is elected, it would be bullish for the energy industry and boost oil prices? History shows: quite the opposite.
Although Donald Trump, the Republican presidential candidate, has repeatedly praised oil exploration and caused energy stocks to rebound, which is considered a typical "Trump trade", some Wall Street professionals believe the opposite.
Investors are overlooking market risks, CIO warns: US debt and oil prices are potential hazards.
The chief investment officer warned that the market faces two major risks, but while paying attention to these challenges, he is also bullish on some stocks, calling them "alternatives to bonds".
Southeast Asian stock markets are strong! Global capital continues to pour in, how to seize this wave of market trends?
After experiencing the 'Black Monday' on August 5th, major stock indices in the Asia-Pacific region rebounded significantly, with Southeast Asian stock markets performing particularly well. Southeast Asian stock markets have consolidated their position as the most favored investment symbol for fund managers during the shifting policy of the Federal Reserve.
Intraday overview | Hong Kong's three major indices collectively rose more than 1%; gold and biomedical sectors were strong, and Yiming Angkedao rose more than 50%.
In terms of sectors, network technology stocks have collectively risen, with Sensetime up nearly 3%, Meituan up over 2%, Xiaomi, Alibaba, Baidu up over 1%, Tencent, JD.com up nearly 1%.
Worse than the financial crisis and the COVID-19 pandemic! Illustration: To what extent has the oil market collapsed?
① As global benchmark Brent crude oil fell below $70, oil prices have reached their lowest level since December 2021; ② In fact, what is even more alarming to market participants than the sharp decline in prices may be the popularity of the crude oil market.
Quick Look at Mid-day Trading | The three major stock indexes in Hong Kong all fell, with oil and coal stocks declining; all three major oil companies saw a drop of over 5%, while Tianqi Lithium Corporation surged 12% against the market trend.
Network technology stocks generally fell, with SenseTime down nearly 3%, JD.com, Netease down nearly 1%, Tencent, Alibaba slightly down; Bilibili rose by over 1%, Meituan slightly rose.
Crude oil traders: The concern of oversupply in the oil market is "completely exaggerated" as never seen before.
Chinese demand is not so pessimistic, while US crude oil production has remained relatively stable this year.
US oil plunged about 5%, hitting a three-year low! OPEC lowers oil demand, Wall Street strongly bearish.
Both WTI and Brent crude oil have hit their lowest levels since December 2021, with Brent crude oil falling below $70. The current plunge in oil prices is due to ample supply in the crude oil market, concerns about demand, and rampant speculative short selling.
Did oil prices plunge due to oversupply? Senior commodity analyst: The market is "scared".
①Currie said at the annual Asia-Pacific Petroleum Conference in Singapore that the market's concerns about oversupply were "completely exaggerated," and "in terms of oil, this year's production in the USA remained stable"; ②"The key issue is that the market has seriously overestimated the extent of oil supply glut, and the record short positions reflect this... I have never seen this situation before."
Is the oil market still in a slump? OPEC lowers its global oil demand growth expectations for the next two years.
OPEC expects global oil demand to increase by 2.03 million barrels per day this year and by 1.74 million barrels per day next year, compared to last month's forecast of 2.11 million barrels per day and 1.78 million barrels per day respectively.
The gloom in the oil market deepens, and OPEC once again lowers its global demand growth forecast.
OPEC has lowered its global oil demand expectations for the next two years for the second consecutive month, highlighting the challenges it faces in balancing the market.
Oil market hit by bearish assault again! OPEC once again lowers global oil demand expectations for this year and next.
OPEC lowered its forecast for global oil demand growth in 2024 on Tuesday, reflecting the data received so far this year, and revised down expectations for next year, marking the organization's second consecutive downward revision.
Goldman Sachs, Deutsche Bank, Citigroup, and HSBC are all bearish. Will oil prices continue to fall and head straight for $60?
Wall Street investment banks believe that by 2025, there will be a severe oversupply of crude oil products, leading to a possible drop in oil prices to the $60 level. OPEC+ agreeing to pause production increases may temporarily support oil prices, but the bears currently dominate and the oil price rebound is weak. Even the long-term bull Tok Group has issued a rare warning that oil prices could fall to the $60 range.
Oil prices continue to be weak, could crude oil WTI still have another decline?
The analyst said that due to fundamental and technical reasons, crude oil WTI may reach the range of $64.00 to $62.00.
Express News | The Straits Times Index opened 0.34% higher, with Singtel and Hongkong Land Holdings rising more than 1%.
Tropical storm "Frances" threatens oil production in the USA, bringing a welcome relief to oil prices.
The storm or sweep over the Gulf of Mexico, hitting dozens of offshore oil platforms and inland refineries, finally stopped the fall in oil prices!