Home |  News |  Medical  |  Cars |  Life |  Archives |  New Archives |  RSS |  Twitter |  Facebook |  About Us | 









Bogota Free Planet Comments



Oil Is At The Mercy Of Financial Markets

Posted by BFP Staff on Jan 10, 2019 at 07:04 PM

There will also be a lag in terms of a potential shale drilling slowdown in response to lower prices.

By Nick Cunningham of Oilprice.com
Oil prices regained more ground on Wednesday, pushed higher after equity markets rebounded from an initial selloff at the start of 2019 trading.
The price gains are not entirely convincing. WTI and Brent posted strong gains, each up more than 3 percent by midday in New York, but come largely after U.S. equity markets shook off an earlier bout of pessimism.
In fact, the trajectory and health of the global economy has moved to the top of the list in terms of variables exerting influence on oil prices. On any given day, stock prices offer a clue into investor sentiment in this regard. “Energy markets are following lockstep with what the equity markets are doing here, and I think that’s going to continue to be the case,” Brian LaRose at ICAP Technical Analysis, told Reuters.

More...



Post a Comment to: BFP Staff

Name:

Email (not for display):

Location:

Remember my personal information

Notify me of follow-up comments?

Submit the word you see below:



Note from the Editor:

This section is for comments from readers of bogotafreeplanet.com.

Please don't assume that Bogota Free Planet agree with or endorses any particular comment just because we let it stand.

A reminder: Anyone who fails to comply with our terms of use may lose his or her posting privilege.

Custom Search
Pursuant to Title 17 U.S.C. 107, other copyrighted work is provided for educational purposes, research, critical comment, or debate without profit or payment. If you wish to use copyrighted material from this site for your own purposes beyond the 'fair use' exception, you must obtain permission from the copyright owner.

Views are those of authors and not necessarily those of Bogota Free Planet. Content is Copyright 2011 the individual authors.