WTI's price broke through the 200-day MA. In the next few days, we should also see the breakup in the 50-day MA versus the 100-day MA.
Energy stocks will benefit from the price swing in Q1 2025. Look at XOM, BKR, CVX
The Chinese government's introduction of ultra-long special government bonds to boost infrastructure spending and consumer demand has heightened expectations for increased oil consumption.
Saudi Arabia and OPEC+ have continued their production cuts, tightening supply. Saudi Arabia raised the price of its flagship Arab Light crude for February by $0.60 per barrel.
The outlook for February 2025 is bullish for oil. We should expect continuing supply constraints. OPEC+ production cuts and sanctions on major oil producers like Iran and Russia are expected to persist, maintaining a tight supply environment.
The incoming Trump administration's potential tightening of sanctions on Iran could significantly reduce Iranian crude exports, further constraining supply.
Energy stocks will benefit from the price swing in Q1 2025. Look at XOM, BKR, CVX
The Chinese government's introduction of ultra-long special government bonds to boost infrastructure spending and consumer demand has heightened expectations for increased oil consumption.
Saudi Arabia and OPEC+ have continued their production cuts, tightening supply. Saudi Arabia raised the price of its flagship Arab Light crude for February by $0.60 per barrel.
The outlook for February 2025 is bullish for oil. We should expect continuing supply constraints. OPEC+ production cuts and sanctions on major oil producers like Iran and Russia are expected to persist, maintaining a tight supply environment.
The incoming Trump administration's potential tightening of sanctions on Iran could significantly reduce Iranian crude exports, further constraining supply.
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