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
Express News | Shares of Oil and Gas Companies Are Trading Lower. The Sector Might Be Moving Amid Overall Market Weakness Due to Economic Slowdown Concerns Following Recent US Data, Which Could Negatively Impact Demand
Global stock market sell-off spreads, oil prices hit a seven-month low.
Crude oil continued to decline, falling to a new low in seven months.
Oil Price Sinks Despite Fears of Middle East Escalation -- WSJ
Oil Prices Fall on Demand Concerns as U.S. Data Points to Slowing Economy
WTI Falls to Near $73.00 Despite Rising Supply Risks Due to Middle East Tensions
Cenovus Energy Inc. Just Missed Earnings - But Analysts Have Updated Their Models
Concerns about demand have become the main market tone. Brent crude oil fell to a six-month low at one point, while US oil fell more than 4% during trading hours.
Despite the significant escalation of geopolitical tensions in the Middle East this week, which once briefly pushed up crude oil prices, the concern about economic recession has become the main market sentiment, and investors are worried about the demand for crude oil. Oil prices fell sharply on Friday, falling for four consecutive weeks, marking the longest decline since December last year.
Express News | Shares of Oil and Gas Stocks Are Trading Lower Despite Middle East Tensions. Weak US Economic Data May Be Weighing on Demand Outlook
National Bank Maintains Cenovus Energy(CVE.US) With Buy Rating, Raises Target Price to $27.39
Cenovus Energy's Price Target Increased by National Bank of Canada, Maintained at RBC Capital Markets
RBC Capital Maintains Cenovus Energy(CVE.US) With Buy Rating, Maintains Target Price $23.8
Cenovus Energy Inc To Go Ex-Dividend On September 13th, 2024 With 0.18 CAD Dividend Per Share
Oil Rises on Middle East Tensions But Demand Concerns Linger
Poor prospects for supply and demand expectations led to a drop in oil prices to a two-month low.
Crude oil product showed a trend of first suppression and then rise overall this week (7.25-7.31).