oil
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🔴 Oil rises with demand expected to reach its peak in the third quarter as geopolitical risks continue in the Middle East despite the rise in crude inventories in the United States.
#OILCAT #OilMarket #oil #LayerZero #MicroStrategy
#OILCAT #OilMarket #oil #LayerZero #MicroStrategy
Exxon refinery malfunction causes crude oil prices to soar🤨
Gasoline futures jumped after news broke that one of Exxon's refineries will be down for 3-4 weeks due to a failure in some of the gasoline-making catalytic crackers. The squeeze in supply is coming at a time where OPEC+ has already been curtailing production, and has led to crude oil prices to rally to the highest prices since May and breaking its 200d moving average. The pop in gas prices has not gone unnoticed, as demand for TIPS (inflation protected securities) has seen a large jump for 2 days in a row after a long period of stagnation, just as expectations for inflation has eased dramatically since the last couple of soft CPI releases.
#Exxon #oil #price #CPIData #TIPS
Gasoline futures jumped after news broke that one of Exxon's refineries will be down for 3-4 weeks due to a failure in some of the gasoline-making catalytic crackers. The squeeze in supply is coming at a time where OPEC+ has already been curtailing production, and has led to crude oil prices to rally to the highest prices since May and breaking its 200d moving average. The pop in gas prices has not gone unnoticed, as demand for TIPS (inflation protected securities) has seen a large jump for 2 days in a row after a long period of stagnation, just as expectations for inflation has eased dramatically since the last couple of soft CPI releases.
#Exxon #oil #price #CPIData #TIPS
Commodity prices rise, tech stocks face pressure🫣
With commodities catching a bid, crude oil steady above $80, treasury issuance going higher, and financial conditions still at remarkably loose levels as when overnight rates were ~150bp lower (~3.80% vs 5.3% now), a bond-bearish narrative is being formed heading into Jackson hole at the end of the month even as the market is increasingly convinced that the Fed has basically concluded its hiking cycle. The bear-steepening of the yield curve continues to weigh on equities in the past week, which saw significant pressures on tech names with Nvidia down -15% from the highs since the turn of the month.
#commodity #stocks #oil #bond #Fed
With commodities catching a bid, crude oil steady above $80, treasury issuance going higher, and financial conditions still at remarkably loose levels as when overnight rates were ~150bp lower (~3.80% vs 5.3% now), a bond-bearish narrative is being formed heading into Jackson hole at the end of the month even as the market is increasingly convinced that the Fed has basically concluded its hiking cycle. The bear-steepening of the yield curve continues to weigh on equities in the past week, which saw significant pressures on tech names with Nvidia down -15% from the highs since the turn of the month.
#commodity #stocks #oil #bond #Fed
Oil futures surge, equities face multiple challenges🤔
Markets couldn't catch a break as reports of falling crude stock piles spiked oil futures to over $94, up a sizzling +7.3% over 48 hours despite the overall weakness across other asset classes. Over the past month, we have pretty much witnessed a cacophony of concerns against equities with a jump in real yields, USD strength, widening credit spreads, and a downgrade in growth forecasts. While the move in rates was no doubt the worst trigger, it has been a bit of a perfect storm for risk sentiment, and the one-sided (long) sentiment has only exacerbated the painful move lower.
#Markets #oil #equities #USDstrength #macro
Markets couldn't catch a break as reports of falling crude stock piles spiked oil futures to over $94, up a sizzling +7.3% over 48 hours despite the overall weakness across other asset classes. Over the past month, we have pretty much witnessed a cacophony of concerns against equities with a jump in real yields, USD strength, widening credit spreads, and a downgrade in growth forecasts. While the move in rates was no doubt the worst trigger, it has been a bit of a perfect storm for risk sentiment, and the one-sided (long) sentiment has only exacerbated the painful move lower.
#Markets #oil #equities #USDstrength #macro
🔴 Gold declines as the US Federal Reserve fixes interest rates and indicates the possibility of reducing them once before the end of the year.
🔴 Stabilizing interest rates and fears of a slowdown in demand push oil into the red zone, and OPEC and the Energy Agency’s expectations limit losses.
🔴Green color dominates the closing of Asian markets after the US Federal Reserve fixed the interest rate and indicated the possibility of reducing it once before the end of the year.
#NewsAboutCrypto #GOLD_UPDATE #stocks #oil #GoldRus
🔴 Stabilizing interest rates and fears of a slowdown in demand push oil into the red zone, and OPEC and the Energy Agency’s expectations limit losses.
🔴Green color dominates the closing of Asian markets after the US Federal Reserve fixed the interest rate and indicated the possibility of reducing it once before the end of the year.
#NewsAboutCrypto #GOLD_UPDATE #stocks #oil #GoldRus
📑 Important - Federal Interest Rate Rule.. 🇺🇸
• If interest rates are raised, it will be positive for the dollar (rise) and negative for gold, stocks, and oil (fall).
• If interest rates are reduced or fixed, it will be negative for the dollar (fall) and positive for gold, stocks, and oil (rise).
#GOLD_UPDATE #stocks #oil #GoldRush #USDollarWarning
• If interest rates are raised, it will be positive for the dollar (rise) and negative for gold, stocks, and oil (fall).
• If interest rates are reduced or fixed, it will be negative for the dollar (fall) and positive for gold, stocks, and oil (rise).
#GOLD_UPDATE #stocks #oil #GoldRush #USDollarWarning