Recent geopolitical news also provided some support for oil prices with the rhetoric heating up between Iran and Israel.
The EU’s aggressive climate stance is wreaking economic havoc and mounting regulations could hurt the U.S. LNG industry.
For the upcoming week, Stratas Advisors think oil prices will get a boost from the oil demand associated with the holiday season and from recent geopolitical news.
One of the keys to pricing is whether global conflicts curtail the flow of oil. They have not.
Recent geopolitical news also provided some support for oil prices with the rhetoric heating up between Iran and Israel.
The EU’s aggressive climate stance is wreaking economic havoc and mounting regulations could hurt the U.S. LNG industry.
Oil edged lower on Dec. 26 in light holiday trade as the dollar's strength offset hopes for additional fiscal stimulus in China.
Russia declared a federal emergency on Dec. 26 over an oil spill in the Black Sea.
For the upcoming week, Stratas Advisors think oil prices will get a boost from the oil demand associated with the holiday season and from recent geopolitical news.
One of the keys to pricing is whether global conflicts curtail the flow of oil. They have not.
For the upcoming week, Stratas Advisors expect oil prices will move sideways with more downside risk than upside potential.
President-elect Donald Trump’s policies are expected to benefit the U.S. oil and gas sector, but also bring economic and geopolitical risks.
United States Steel Corp. said it has concerns that Argentine oil country tubular goods are being dumped “at much higher levels” than preliminary data suggested.
For the upcoming week, Stratas Advisors believes the announced delay by OPEC+ will keep the price of Brent crude above $70, but not reach $73.