Crude oil will drop to $ 65 by the end of the year, but if it hits the recession directly-City
If a recession hits demand, oil prices could fall to $ 65 a barrel by the end of this year and to $ 45 by the end of 2023. Citigroup gave this view. This outlook is based on the assumption that there will be no intervention by OPEC Plus oil-producing countries, which consist of OPEC […]
Weekly EIA crude oil inventory-1.6 million barrels
US crude oil inventory volatility for the week to September 18 was -1.6 million barrels. The reaction is a rise in crude oil prices. It is assumed that pressure was also applied to the rise in GBP earlier. Currently, Switched to CAD buying, which has a strong correlation with crude oil.
China’s oil demand has almost recovered to the level before the new Corona
China’s oil demand has almost recovered to the level before the new Corona (Source: Bloomberg) This pushed up the crude oil price, and the US stock price was high.With this momentum, it is possible that the rise will not stop until around $ 40. US stocks and crude oil both rose again. Risk on tonight.
〇 EIA: US Crude Oil Stocks Change at +4.6 million barrels in week ending May 1. From here, consider buying AUDUSD.
IA reports smaller-than-expected increase in US crude oil stocks. Commercial crude oil inventories in the United States increased by 4.6 million barrels in the week ending May 1st, the Energy Information Administration (EIA) announced in its Weekly Petroleum Status Report on Wednesday. This reading came in lower than the market expectation for an increase of […]
No big news has come out, but WTI crude oil has bounced back to around $ 16.
So far, I don’t think it will be a full-scale rise. Continue buying USDCAD and selling US stock S & P500 (CFD).
Consider selling US stock S & P500 (CFD). Crude oil futures are falling, China GDP is anaerobic
Crude oil futures on July 17 are declining. Initially, Asian transactions had a sharp rise in favor of US President Trump’s guideline for resuming the US economy, but disliked the contents of China’s first-quarter gross domestic product (GDP) announced thereafter. Turned down. The sharp fall of US WTI crude oil futures in the near term […]