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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (118977)	1/25/2022 1:58:31 PM
From: Goose94	Read Replies (1) of 203539

Crude Oil: WTI/Brent Stock Market Correction Temporarily Cools The Oil Rally Following the blistering rise in crude prices over the past weeks, Monday's trading saw a much more balanced picture as the faltering performance of the equity market (world equities are set for their biggest post-pandemic monthly drop since March 2020) offset the still-tight balances worldwide. The geopolitical premium is still priced in, with the Russia-Ukraine standoff continuing and Yemen’s Houthis adding another (unsuccessful) twist to their strategy of targeting oil-relevant targets in key countries of the Gulf Security Council. Even if geopolitical tensions subside, the oil market fundamentals still point to an elevated price – US crude inventories remain at multi-year lows, with Cushing stocks at their lowest level since 2012. Oilprice.com

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