Dino's Bar & Grill Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Dino's Bar & Grill

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Goose94 who wrote (147677)	3/24/2023 2:26:57 PM
From: Goose94	Read Replies (1) of 202936

Crude Oil: has sold off by nearly 10 per cent as banks and other financial institutions were forced to unwind their long oil/short U.S. treasury positions in one week owing to fears of a banking crisis in both Europe and the U.S. Consequently, the one-week liquidation was the fiercest since September 2020. It is also an example of the financial demand collapsing even while the physical demand for oil is improving as Chinese demand continues to normalize, Indian demand has hit a record level and we are emerging from peak refinery turnaround season. Even with the U.S. and Europe in a mild recession this year, we still believe that non-OECD demand growth will exceed OECD demand loss. This will lead to significant inventory drawdowns beginning soon, resulting in multi-year low levels by the end of the year. This should exert meaningful upwards pressure on the oil price. Do not let price set the narrative, we are still in an oil supply crisis and we remain bullish on oil in the quarters and years to come. Eric Nuttall on BNN.ca Market Call Friday March 24th @ 1200ET

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next