ERX 241115 58.00P (ERX241115P58000) Stock Options, News & Quotes

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ERX241115P58000

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15min DelayClose Nov 7 16:00 ET

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News

OPEC+ has extended the duration of production cuts, the decrease in supply is helping the oil price bottom rebound.
The overall trend of crude oil is showing a volatile upward trend. The average price of WTI this week is $70.78 per barrel, up $1.75 per barrel, or 2.53%, from the previous week. During the week, the main factors boosting oil prices include: OPEC+ extending production cuts, hurricanes leading to a reduction in US oil production, and ongoing uncertainty in the Middle East geopolitical situation. The main factors putting pressure on oil prices include: EIA's increase in crude oil and petroleum product inventories.
CME Group19:17 ET
Oil Edges Higher Ahead of Fed Decision -- Market Talk
WSJ12:09 ET
WTI Price Forecast: Breaks Below $71.50, Ascending Channel Pattern
FXStreetNov 7 03:15 ET
Oil Prices Fall As Strong US Dollar And Trump's Victory Shift Market Dynamics
Business TodayNov 6 19:05 ET
usa crude oil fell slightly on Wednesday, investors are concerned about the impact of the election.
USA crude oil futures edged lower on Wednesday. Investors are weighing the impact of a strong US dollar and Trump's foreign policy on global oil supply.
Global market report.Nov 6 15:11 ET
Oil Market Turns Volatile Figuring Out Trump Trade -- Market Talk
WSJNov 6 15:06 ET

Comments

Hanshenggg

Sep 29 10:03

Day 4: Lightning didnt strike twice ⚡️⚡️

TLDR - tried a thing, did not work 😢
Context: Moomoo’s Papertrading ends 3 Oct, which meant I had to maintain 1st place for 4 more days (at start of Fri).
Logic: I observed the leaderboard & fluctuation patterns, noting the table toppers were mostly long China.
However on Tue, we had a sizeable correction (5-8%) post-Mon rush (which in fact, caused much grief in our competitors’ Whatsapp chat 😂)
Action: With my slim 2% lead, I unloaded all positions & my i...

SpyderCall

Jan 1 20:23

Is It Time to Get Bullish on Natural Gas?

$Henry Hub Natural Gas Futures(DEC4) (NGmain.US)$
Natural Gas is Starting to Look More Bullish
Nat gas has had a rough go since November this year. It has lost over 20% of its value since. The unseasonably warmer than usual weather in the norther hemisphere and the slow global economic growth has held down the commodity.
More recently nat gas was consolidating near its lows with a bear flag type of wedge pattern. It seemed as if the commodity was forming a...

Navigating market waves: Red Sea tensions, shipping and energy

pafiak

Oct 9, 2023 02:48

How do energy companies move in relationship to the indices and interest rates? Thoughts on buying energy as a hedge?

I’m wondering if buying energy ETF’s is a good hedge during a recession or period of high inflation. Seems like it’s not affected by higher for longer interest rates. When most markets rally do energy stocks rally too?
Wondering what everyone’s thoughts are on holding some energy ETF’s for the mid/long term. $SPDR S&P Oil & Gas Exploration & Production ETF (XOP.US)$ $Occidental Petroleum (OXY.US)$ $Direxion Daily Energy Bull 2X Shares ETF (ERX.US)$

SpyderCall

Sep 13, 2023 19:58

Will We See Resistance Soon?

$Crude Oil Futures(DEC4) (CLmain.US)$
In a previous post about crude prices, I mentioned the areas where we might see some selling. Currently, the price of crude is just below the first area of resistance that I discussed. Check out the post in the link directly below.
Dovish Macro Picture
Oil prices have been on a very sharp rally for the past few months. Policy from Opec has been the main driver of this price spike. The macroeconomic situation is still very dovish fo...

CPI rose by 3.7% over the year in August: Is inflation rising again?

Mars Mooo

Sep 10, 2023 02:15

Good Vibes Snapshot Series: Exxon Mobil

Bonjour Mooers!
Here are 3 reasons why Exxon Mobil ( $Exxon Mobil (XOM.US)$ ) remains attractive.
1. Sixteen analysts gave it a 'Buy' rating as of 9 September 2023.
2. The stock price has breakout from its sideways trend and now seems to be trending upward after the news of more crude oil output cuts announced in early August 2023.
3. Multiple funds have increased their positions in XOM such as MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ET...

Diesel issues could get worse due to lack of crude from OPEC+ kingpins