Previous
oil bull markets have been accompanied by powerful narratives: the explosion of the Asian middle class — especially in China — means huge demand.
And here is an insightful read by energy expert, Marin Katusa: Will Iran's Runaway Inflation Spark
an Oil Bull Market?
With crude oil down a mere $ 30 from its recent peak, many economists and financial analysts are proclaiming the end of
the oil bull market.
To paraphrase Mark Twain, rumors of
the oil bull market's demise have been greatly exaggerated.
Not exact matches
Jim Cramer pointed out the contradictory action in
oil prices and airline stocks, two related sectors benefiting from the
bull market.
«The current
bull market is not going to end simply because «stocks have gone up too much»... The buyside is fairly cautious, seeing downside stemming from: (i) deflationary pressures of the 40 % year - over-year
oil decline, deceleration in China, Eurozone weakness, and the fall in 5 - year inflation breakevens; and (ii) Fed monetary tightening... Capital stock is again showing signs of pent - up demand, and as a consequence, companies and households will have to invest.
Oil markets had a neutral reaction to OPECs uneventful meeting, suggesting that, as Stephen Brennock suggested, the «
bull market may be running out of steam.»
Brent crude is getting closer to the all - important (at least psychologically) threshold of $ 60 per barrel, and
oil prices are back in
bull market territory.
The
market dogs that didn't bark Stocks plunged, but
oil prices, bond prices and currencies were calmThe correction in the stock
market probably doesn't mean the end of the
bull market, because of the dogs that didn't bark, writes Anatole Kaletsky.
Oil moved back into
bull market territory this week, with Brent prices jumping to a more than two - year high at $ 58 per barrel.
His decision to sell out in May was based on a belief that
oil prices had gone too far too fast, not that the
bull market for
oil - or for that matter, commodities of all kinds - has ended.
The
bull market began when investing in local «Gulf Companies» became in vogue with Kuwaitis who wished to ride the coattails of the Middle East's
oil - driven economic boom of that time.
The post 4 Reasons Why «Gold Has Entered A New
Bull Market» — Schroders appeared first on crude -
oil.
Let the
oil price rise $ 5 and it is a temporary phenomenon; let it drop $ 1, and we have seen the end of the commodities
bull market.
Over the first six weeks of the year, the Dow Jones Industrial Average declined 10 %, as the prospect of interest rate hikes by the Federal Reserve, a slump in
oil prices, and concerns about economic conditions in Europe and China caused the long - running
bull market to stumble.
In today's report, we will review what that bear super-cycle looks like for
oil, what forces are conspiring to keep
oil prices range - bound for years to come, and what would need to happen for a
bull market to begin.
The
bull market continues to face some turbulence as a decline in
oil prices and ongoing uncertainty regarding tax reform conspired to bring the large - cap indexes lower during the session.
As we discussed a few moments ago, crude
oil is most likely in a cyclical
bull market which began in 2016.
That's several years» worth of
bull market gains — but
oil at $ 50 would still leave many reserve owners with a stranded asset.
Looking at global
oil demand, you can see it's been unrelenting through recessions, through
bull markets, bear
markets, and it looks like it's going to continue to go up at a fairly steady level based on latest data from the U.S. Energy Information Administration (EIA).
This marked the beginning of a massive 9 - year
bull market in crude
oil.
Slowly moving macro trends usually lead to long
bull markets in
oil (e.g. 2002 - 2008).
Tags: Allied Chemical, American Can, American Smelting, American Sugar, American Tobacco B, Anaconda Wire and Cable, AT&T, Atlantic Refining, Bear
Market Rallies, Bethlehem Steel,
Bull Markets, Coca - Cola, Curtis - Wright, Dow, Dow Jones Industrial Average, Dupont, Eastman Kodak, False Starts, General Electric, General Foods, General Motors, IBM, International Business Machines, International Harvester, International Nickel, JC Penny, July 8 1932, National Cashregister, North American, Paramount Publix, Radio Corporation, RCA, Sears Roebuck, Standard
Oil (NJ), Texas Corporation, Union Carbide, US Steel, Westinghouse Electric, Woolworth
The commodities family (gold, silver,
oil) is in a
bull market.
The long slide in
oil prices, the rising US dollar and the continuation of the equity
bull market made 2014 the best year for the strategy since 2008, with returns of 10.7 per cent in such hedge funds, according to HFR, the data provider.
With economic growing steadily,
market in a RISK on mode,
oil price going higher, this
bull market could head north for another 4 - 5 years taking into account any possible flash to reach ~ 90000 YES, ming - boggling number ~ 90000 before
market collapse half Almost everyone says that it is IMPOSSIBLE to predict the future price.
Some
bull markets, like the
bull market in
oil stocks, are justified.
While no one can predict the future of
oil prices with certainty, there are explanations for the recent price decline consistent with an ongoing
bull market.
T.J. had observed that the overall
market was in a secular
bull market and that the price of
oil seemed to be trending up.
Today's bear
market in
oil is merely reflecting the changes in supply and demand that were set loose by the
bull market of the last several years.