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Strategies & Market Trends : Crash, When will it come ? -- Ignore unavailable to you. Want to Upgrade?

To: Ms. Baby Boomer who wrote (1275)	1/31/2022 1:30:16 PM
From: Ms. Baby Boomer	Respond to of 1437

Energy Supply, geopolitics put oil on track for biggest monthly gain in almost a year... NEW YORK, Jan 31 (Reuters) - Oil prices were on track for their biggest monthly gain in almost a year on Monday, boosted by a supply shortage and political tensions in Eastern Europe and the Middle East. The most-active Brent contract, for April delivery, was trading up 48 cents to $89.00 per barrel by 1630 GMT. The front-month contract, for March delivery, rose $1.15 to $91.18 a barrel but was set to expire later in the day. U.S. West Texas Intermediate crude rose 56 cents to $87.38 a barrel. The benchmarks recorded their highest levels since October 2014 on Friday, at $91.70 and $88.84, respectively, and their sixth straight weekly gain. They were headed for gains of more than 16% this month, the most since February 2021. Market analysts and Reuters sources widely expect OPEC+ to keep to its policy of gradual production increases when it meets on Wednesday. read more Major producers in the Organization of the Petroleum Exporting Countries (OPEC) and allies led by Russia, collectively known as OPEC+, have raised their output by 400,000 bpd every month since August. The "month-to-month supply increases of 400,000 bpd are either too immaterial for the market to appreciate and more importantly, not being completely fulfilled by the group," said Louise Dickson, Rystad Energy's senior oil markets analyst. "The only short-term solution for balancing the supply-short oil market will therefore need to come from OPEC+, and steered by Saudi Arabia, the producer with the largest spare capacity." Geopolitical tensions involving major oil producers Russia and the United Arab Emirates have increased recently. The head of NATO said on Sunday that Europe needed to diversify its energy supplies as Britain warned it was "highly likely" that Russia was looking to invade Ukraine. read more The market is also on alert over the Middle East after the United Arab Emirates said it had intercepted a ballistic missile fired by Yemen's Houthi as the Gulf state hosted Israeli President Isaac Herzog, in a first such visit. read more reuters.com M

To: Ms. Baby Boomer who wrote (1275)	2/11/2022 2:16:19 PM
From: Ms. Baby Boomer	Read Replies (1) \| Respond to of 1437

Oil Prices Spike 8th Week in Row on Fears Russia Will Invade Ukraine Soon... Investing.com - Oil prices spiked for an eight week in a row, hitting $95 a barrel, on concerns that Russia will invade Ukraine soon and after the International Energy Agency warned that global supplies might be dangerously short of demand. The latest developments in oil offset losses in crude prices from earlier in the week triggered by worries over excessive U.S. rate hikes to deal with inflation and worries of a legitimate return of Iranian oil to the market. The United States believes Russian leader Vladimir Putin has decided to invade Ukraine and communicated those plans to the Russian military, the PBS news service reported, adding that two officials of the Biden administration say they expect the invasion to begin next week. The Paris-based International Energy Agency, in a monthly report on Friday, lifted its forecast for this year’s global oil demand by 800,000 barrels a day to 3.2 million barrels. What’s more, it estimated there could be a billion barrels shortfall by the end of last year between what the Organization of the Petroleum Exporting Countries and its allies — known as OPEC+ — were supposed to have pumped versus actual deliveries to the market since the start of 2021. “The oil market is incredibly tight,” Toril Bosoni, head of the IEA’s markets and industry division, said in a Bloomberg television interview on Friday. “Prices continue to surge and are now reaching levels that are uncomfortable for consumers across the world.” The IEA warning lit a fuse under oil prices that had lost more than 3% earlier in the week, first on concerns that Iranian oil supplies could legitimately return to the market through a Tehran-West nuclear deal and fears that the Federal Reserve could impose rate hikes as much as 0.5% a month successively over several months this year to curb U.S. inflation. Adding to the oil's climb were heightened fears of an imminent Russia-Ukraine war. Multiple sources familiar with the matter told CNN on Friday that the United States and its allies had new intelligence that suggested Moscow could launch an attack on Ukraine even before the end of the Olympic Games. Russia is a major oil producer within OPEC+ and faces stringent U.S. sanctions on its economy in the event of an invasion. New York-traded West Texas Intermediate was up $4.49, or 5%, at $94.37 per barrel by 1:54 PM ET (18:54 GMT). For the week, WTI was up more than 2%, for an eight straight week of gains. London-traded Brent, the global benchmark for oil, was up $3.94, or 4.3%, at $95.35 per barrel. For the week, Brent was up 2.1%, rising for an eight week in a row like WTI.... investing.com M