TSX Today: What to Watch for in Stocks on Friday, August 9
Yangtze Securities: Is it still worth allocating PetroChina, Sinopec, and CNOOC in the face of 'Trump trade' or US recession?
Many environmental factors have changed, leading to potential differences in the crude oil industry in Trump's next term compared to the previous one.
Poor economy drags down the market and soaring risk aversion pressures oil prices to plummet.
This week (8.1-8.7), crude oil product overall showed a trend of falling first and then rising. The average price of WTI this week was $74.24 per barrel, a decrease of $2.54 per barrel or -3.31% from the previous week.
Citi: Global sell-off affects csi commodity equity index, with open interest declining to a 5-month low.
The estimated value of open contracts in the global commodity market fell to a five-month low of approximately $1.38 trillion, a decrease of 1.4% from the previous week.
U.S. Trade Deficit Recedes From 19-month High as Oil Exports Rise
Crude Oil Prices Trending Down – NAB Group
Zenhunter : I could see WWWIII, which might not help this or any stock.