Interest rate cuts are no match for recession expectations! Institutions put the oil price at $60, and Hong Kong petroleum stocks have weakened against the trend.
Why is the Hong Kong stock petroleum stock weakening against the trend, and why is the market reacting tepidly to the interest rate cut? What bearish factors have a greater impact on the far-term oil price, according to institutions?
Nymex Overview: Petroleum Futures Shed Earlier Gains to Move Lower -- OPIS
Oil Futures Slip Ahead of EIA Inventories, Fed Decision -- Market Talk
Crude Oil Slides Below $70 Ahead of Vital Fed Meeting
BofA Securities Maintains Petroleo Brasileiro SA Petrobras(PBR.US) With Buy Rating, Raises Target Price to $18.5
BofA Securities analyst Caio Ribeiro maintains $Petroleo Brasileiro SA Petrobras(PBR.US)$ with a buy rating, and adjusts the target price from $17.9 to $18.5.According to TipRanks data, the analyst
Economists Optimistic About NODX Rebound Despite August Contraction
Oil Prices Settle Up On Supply Shocks, Prospect Of U.S. Interest Rate Cuts
Oil Steadies With Middle East Tensions and Stockpiles in Focus
Energy Climbs With Oil Futures Amid Middle East Violence - Energy Roundup
Oil Futures Press Higher On Lebanon, Fed Watch -- Market Talk
U.S. Crude Oil Stockpiles Seen Down in Week Ended Sept. 13
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.
Crude Oil Hovers Below $70 as Traders Focus on US Supply Disruptions, Fed Meeting
Oil Rises on U.S. Rate-Cut Expectations, Output Concerns -- Market Talk
Iraqi Prime Minister: Cost disputes delay the restart of important oil pipelines, prompting production to meet OPEC quotas.
The Iraqi Prime Minister said that the restart of the important oil pipeline in Iraq, which has been closed for over a year, is being hindered due to disagreements over the cost issue.
Oil and Gas Sector Has Made 'Significant Progress' on Emissions – Industry Body
Petrobras CFO Pledges 'Realistic' Spending Levels in Next Business Plan
Citigroup Sees Brent Crude Rallying to $75/bbl, But Ending 2025 at $60/bbl -- OPIS
Goldman Says Forward-Looking Investors and Traders Behind Low Brent Prices -- OPIS
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.