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Careful of soaring oil prices? Goldman Sachs warns: the oil market is completely unprepared for escalation in the Middle East conflict.
Goldman Sachs analyst Lindsay Matcham stated that further escalation of the conflict may have a significant impact on the market, especially if the conflict involves the potential closure of the Strait of Hormuz, which could likely lead to a surge in local oil prices; Goldman Sachs analyst Lina Thomas, in another report, highlighted four short-term positive drivers in the crude oil market - mentioning the Middle East trend.
UltraShort Oil & Gas Declares Quarterly Distribution of $0.1505
Negotiations to restart the crisis at the Central Bank of Libya, recent warming in oil prices may return to a downward trend.
The competitors of this OPEC country's government have differences regarding the central bank governor issue; the stalemate has led to a significant decrease in crude oil production, triggering a tense mediation.
Oil: The End of an Era – Rabobank
OPEC is highly bullish on long-term oil demand, while the IEA sings a different tune.
OPEC is highly bullish on long-term oil demand growth. Not everyone agrees.
OPEC's 2024 global oil outlook: bullish on the oil market prospects, no demand peak in the short term.
①OPEC believes that some countries and companies may resist overly aggressive clean energy goals, in addition, some global auto manufacturers have also adjusted their electrification goals, reducing investment in electric vehicles; ②OPEC expects global oil demand to reach 0.1189 billion barrels per day by 2045.
TinkerB3ll : @JustSurfacenot sure are you still in this my friend? NG getting slaughter i think WTI going down too maybe can buy into this :) i bought 90% into this as 81 is the resistance and have been unable to break it just my thoughts. Im out of NG triggered by the stop lost yesterday and lost 4k :( it will continue to make lower low.
JustSurface OP TinkerB3ll : I wish I was. down 5k, sunken cost fallacy I am bag holding NG till.... ?
TinkerB3ll JustSurface OP : Whats your avg now? I think we might really test 3.6 and if we do break it will be nasty to 2.5 range
JustSurface OP TinkerB3ll : 44 avg