oil
386 visningar
8 Inlägg
Hot
Latest
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
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
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
