With Trump's imminent takeover, traders are betting on an increased likelihood of tariffs, causing Metal and oil prices in the USA to soar.
In recent weeks, the prices of metals such as Copper, Silver, and Platinum have diverged between London and New York, while the oil price difference between the USA and Canada has also widened.
J.P. Morgan Maintains Occidental Petroleum(OXY.US) With Hold Rating, Cuts Target Price to $59
Investors Heavily Search Occidental Petroleum Corporation (OXY): Here Is What You Need to Know
Occidental Petroleum Corporation's (NYSE:OXY) Intrinsic Value Is Potentially 47% Above Its Share Price
Express News | Occidental Petroleum Corp : JP Morgan Raises Target Price to $59 From $58
Oil Prices Are on a Tear. It's a Short-Term Headache for Inflation
Oil prices have reached a five-month high! Is the power of the 'strictest sanctions' against Russian oil really this significant?
① As the USA government implemented the broadest sanctions so far on Russia's Oil & Gas revenues last week, the rise in oil prices seems to be becoming unstoppable... ② Following a nearly 4% surge last Friday, Brent Crude Oil rose again on Monday by about 1.43%, pushing the settlement price of Brent to over $81, with intraday prices reaching a new high of $81.68 in over five months.
WTI Crude Surges Above US$78, Targeting US$80 Resistance
USA sanctions against Russia have led to a tightening of transportation capacity, causing a surge in tanker freight rates.
Ship brokers and traders have stated that after the USA expanded sanctions on Russian oil trade, tanker freight rates have skyrocketed.
The USA's reliance on Saudi oil is coming to an end.
The Energy market will no longer be a constraint on the USA's foreign policy in the Middle East.
The arrangement for Trump's inauguration ceremony has been announced: it is expected to cost 0.037 million dollars per minute.
① The inauguration activities of the president-elect Trump in the USA have been announced, including an official party, a MAGA rally, and a large fireworks display, with multiple events taking place at Trump's golf course outside Washington, D.C. ② Trump's inaugural committee has raised over $0.17 billion, expected to reach $0.2 billion, spending $0.037 million per minute, far exceeding the record of $8,600 per minute set during Obama's first inauguration.
On the eve of Trump's inauguration, Biden 'ignited' oil prices.
The International Energy Agency had previously predicted that in 2024, there would be a surplus of nearly 1 million barrels per day in the Global oil supply, but the sanctions imposed by the Biden administration on Russian oil could nullify this surplus. The Biden administration had previously announced a significant expansion of the sanctions list for tankers transporting Russian oil, bringing the total to 270 vessels.
Wells Fargo Maintains Occidental Petroleum(OXY.US) With Hold Rating, Maintains Target Price $53
The largest Energy IPO in over a decade! USA LNG company Venture Global seeks a valuation of 110 billion dollars.
According to the documents submitted by Venture Global, the company plans to issue 50 million shares of Stocks at a maximum price of $46 per share, raising up to $2.3 billion. Under Trump's possible New energy Fund policies, LNG developers are expected to be one of the biggest beneficiaries.
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.
US and Canada Energy Stocks Diverge as Alberta Warns on Oil Tariffs
Occidental Petroleum Options Spot-On: On January 13th, 122.35K Contracts Were Traded, With 1.22 Million Open Interest
On January 13th ET, $Occidental Petroleum(OXY.US)$ had active options trading, with a total trading volume of 122.35K options for the day, of which put options accounted for 15.5% of the total
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