Crude Oil: 2024 Is The Year For Energy Stocks

01:40pm, Thursday, 21'st Mar 2024
Is 2024 the year for energy stocks with the buoyancy of the crude oil price? Also, there seems to be a favorable outlook for OPEC's ability to manage a soft landing.
Crude slipped a bit during early trading on Thursday, as we continue to see a lot of “buy on the dip” trading in all “risk on” assets, not just this one.
US oil markets are stabilizing with falling inventories and high demand, while steady interest rates and Eastern European conflicts drive prices.
Geopolitical unrest escalates as Ukrainian attacks on Russian refineries tighten global oil supplies, prompting a reevaluation of market strategies.
The bullish EIA report did not provide support to oil markets as traders took profits ahead of the Fed decison.
Oil prices have been on a spike in recent weeks on concerns over Russian supply following increased Ukrainian drone strikes. This has driven energy stocks and ETFs.
U.S. crude oil inventories fell by 2 million barrels last week, exceeding forecasts for a draw of 1.2 million barrels.
Top oil executives have been sharply criticized for pushing back on the viability of the clean energy transition at a U.S. conference.
U.S. dollar is rising, pressuring oil prices, while markets are awaiting Federal Reserve's impactful decision on global trade.
Amid Ukrainian drone strikes and OPEC+ cuts, Brent and WTI soar, hinting now might be the prime time for energy investments.
Oil prices edged lower in early Asian trading on Wednesday, as a stronger dollar curbed investor appetite while traders took some money off the table after benchmarks rallied to multi-month highs in e
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The crude oil price hit $83 for the first time since November 2023. What is the long-term outlook for U.S. supply?
"Being short oil and commodities in a late-cycle expansion is like being short natural gas in a blizzard," Jeff Currie, Carlyle's chief strategy officer of energy pathways, says during an interview wi
The improving demand outlook in U.S. and China, as well as the recent drone attacks on Russian refineries, serve as the key bullish catalysts for oil markets.
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