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.
Oil Could Hit $90, Goldman Sachs Says: 'Trump May Not Ease Sanctions' On Russia
The new U.S. Treasury Secretary's Hold Positions: S&P 500, Nasdaq, Bitcoin, Gold...
Bescent holds over 50 million dollars in S&P 500 and Chinaamc NASDAQ 100 ETF(QDII), between 0.25 million and 0.5 million dollars in iShares Bitcoin REITs ETF, as well as over 50 million dollars in US government bonds. Additionally, it includes various assets such as artworks, antiques, farmland, and luxury homes, with total assets amounting to at least 0.521 billion dollars.
Why investors are still buying gold despite a strong dollar and rising Treasury yields
Preparing for "Trump 2.0"? Hedge funds are increasing their Call on oil prices.
Bull positions in Crude Oil have increased by 41% over the past three weeks, with net long positions reaching the highest level since August of last year. For traders more focused on fundamentals, Trump's tough stance on Iran has made them reluctant to short; Trump's potential tariff policies raise inflation concerns, which has also prompted traders to hedge risks by going long on oil.
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Happy Invester : I agree that the short term trend is going to continue for awhile . I've had some investments in Exxon.
71078694 Happy Invester : Exxon is my best performer right now i bought in at $53.95 and now it’s $84.18. So glad i bought it lol
CrazyEnuff : As a trader, I'm banking off of oil n some energy. Always look at the big picture.
Tuyea : Like
PS : Smart money is in the pipeline side. BPMP, SHLX and the like. Bottom line performance if Exxon, BP, Shell will dramatically improve simply because efficiencies from upstream to downstream are almost immediate. Lastly, current inventory (old cost) goes up with new prices on the spot market! Buy, Buy Super Major now.
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