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.
U.S. Gasoline Prices Poised to Drop Below $3/gallon Ahead of Election, Analysts Say
Crude-Oil Futures End Week With Small Gains -- Market Talk
U.S. Drilling Rigs Rise for First Time in Five Weeks, Baker Hughes Says
IEA Warns of Significant Oversupply in the Oil Market Next Year – Commerzbank
Oil on Track for Weekly Gains After Global Benchmark's Dip Below $70 a Barrel
Commodity Roundup: Gold Notches Record High on Large Rate Cut Bets, Oil Eyes Weekly Gain
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".
Express News | McKinsey: Global oil market will face 'severe oversupply' in 2025.
Demand expectations suffer another blow, WTI falls to a new low for the year.
This week (9.5-9.11), the overall crude oil price showed a downward trend. The average price of WTI this week is $67.72 per barrel, a decrease of $4.53 per barrel, or -6.27% compared to the previous week.
Pessimistic forecasts are emerging one after another! IEA lowered its oil demand forecast, and Citigroup and Morgan Stanley are also bearish.
The growth rate of oil demand has dropped to its lowest level since the outbreak.
Over 40% of U.S. Gulf of Mexico Oil Output Shut-in by Francine but Little Damage Seen
Oil Futures Extend Recovery From Lows -- Market Talk
Crude Oil Extends Rebound Amid Concerns About Impact of Francine Tropical Storm on US Production
Zhongtai Securities: The performance of the three major oil companies is impressive, and the fixed price supports the profit of Changsi.
The growth rate of the polyester filament industry is expected to slow down significantly in 2024. According to the statistics of Zhongtai Securities, the industry is expected to only add about 0.95 million tons of capacity in 2024. Considering the shutdown/reduction and elimination of some facilities, the actual increase in production may be even lower, and the overall capacity of the industry may have already reached its peak.
US Total Crude Oil Stocks Rebound in Week Ended Sept. 6
Crude Inventory Rose 0.833M Barrels for Week Ended Sep 6 - EIA
Oil: Slowing Demand Weighs on Prices – TDS
Oil Prices Bounce, Lifted by Drop in Crude Inventories and Hurricane Francine
Express News | Citigroup said that the sharp drop in oil prices indicates that the market does not have room for additional supply. OPEC+ needs to cut production.