Crude Oil Price Continues to Rally After OPEC+ Meeting is Abandoned
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Crude Oil Price Outlook: Strength to Persist as Global Economy Expands
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Crude Oil Volatility May Increase as Iran - US Stand-Off Continues
2021-02-19 12:30:00
Nick Cawley,
Strategist
Crude Oil Analysis, Price and Chart
Iran and the US remain at loggerheads.
Oil volatility may increase if tensions increase.
The US and Iran remain at loggerheads over the 2015 nuclear deal with both sides saying that they are willing to return to the table if the other side moves first, something that is looking increasingly unlikely to happen. The US says that Iran must return to its commitments under the deal first, while Iran says that the US must lift the economics sanction placed on them in short-order - according to some reports - if they are to return to the negotiating table. With time seemingly running out, oil volatility may increase over the coming days.
Crude Oil Price Outlook - Markets Continue to Nudge Higher But Covid-19 Fears Remain
2021-01-12 13:30:00
Nick Cawley,
Strategist
Crude Oil Analysis, Price and Chart
Brent crude back at highs last seen nearly a year ago.
Brent eyes February 20 swing-high just under $60/bbl.
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Oil continues to move higher and back to levels last seen nearly one year ago. The recent OPEC+ supply agreement has kept the market better bid, while more optimistic investors are starting to look slightly further ahead with rose-tinted glasses. The US Treasury market is starting to signal that growth, and inflation, are on the horizon, while new US President Joe Biden is expected to reveal his new stimulus package which he says is in the USD trillions. This boost is expected to accelerate any economic bounce back, underpinning the demand for oil.