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Tuesday, 27 October 10:55 (GMT -05:00)



Stock and commodities markets

Wall Street Banks Improve Their Oil Forecasts


For the first time in 6 months, Wall Street banks seem to be optimistic about the near future of crude oil, The Wall Street Journal reports.

 

In late October, Bloomberg interviewed America’s 14 biggest investment banks. According to the results of this survey, the average prices of Brent and WTI oil are expected to be around 54 and 51 dollars per barrel respectively. The forecast exceeds the previous one by 1 dollar per barrel for each of them.

 

Last week, Brent oil exceeded the $60/b threshold for the first time in more than 2 years. Experts say that the recent price rally indicates success – the OPEC+ agreement signed in 2016 and extended this year seems to be finally brining fruit.

 

NordFX experts say that it’s now clear why Saudi Arabia, Russia and other OPEC+ participants are willing to extend the deal even further to try and push oil prices even higher.

 

According to a special committee responsible for monitoring the process of implementing the OPEC+ deal, as of September 2017, all the participants complied with the deal by 120%. However, NordFX experts say that the future of the OPEC+ deal is now questioned because of the oil production in the United States. According to The Wall Street Journal, the recent success in the global market of crude oil was mainly dictated by a production slowdown in the USA because of the hurricanes (737 oil rigs last week against this year’s high of 768).

 

However, Commerzbank analysts predict an increase in the U.S. shale oil production in the 1st quarter of 2018 up to a record-high 10 million barrels a day. If that’s the case, this is probably going to press down the prices and make them retrace in the following months. It should be noted that last year WSJ experts predicted the average price of $72/b, while today’s forecast is only $58/b.

 

 

 

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Goldman Sachs is back in the game

20 years ago, Goldman Sachs used to be a Wall Street legend and a dream company to work for graduates with a financial degree. Over the last few years, the bank has been a loser with thousands of disappointed employees, managers, and investors. However, the other day Goldman Sachs made an attempt to get back in the game.

Publication date: 16 October 01:17 PM

European ETFs - Decent Alternative to American ETFs

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Publication date: 19 September 01:48 AM

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Publication date: 12 August 01:39 AM

WTI Price Drops After US Oil Inventories Report

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Publication date: 03 June 12:21 PM

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Publication date: 14 April 02:09 AM

Remember the Key Rules of Investing in Stocks

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Publication date: 11 March 01:14 AM

Apple Patents iPhone Without Ports And Holes, Device Expected In 2021

It seems that the release of the long-awaited iPhone without any ports or holes is getting more and more portable. Apple has always favored minimalistic designs, especially over the last 5 years. In 2015, almost all of the classic ports were deprecated in MacBooks in favor of a single one - USB-C Thunderbolt 3. In 2017, iPhone 7 got rid of the 3.5mm audio jack.

Publication date: 05 March 08:20 AM

Gold Sets New Records

The gold market is insane. The gold futures price set a new major high in New York. In particular, the dollar price of the precious metal set a new 7- year high. With that being said, maybe you should add gold to your investment portfolio along with BTC? Well,lat's ponder upon this question.

Publication date: 14 January 01:23 AM

Brent Prices Drop Down To $61/b

The concerns over the global demand for crude oil are getting back to the market again. The current trading week has been a week of discounts. Earlier today, Brent oil saw its price drop down to 61 dollars per barrel. The WTI price dropped all the way down to 56 dollars per barrel. The supply side has got an upper hand.
Publication date: 27 September 04:52 AM

Gold Prices Are Getting Stable After Monday's Rally

Last week was rich in the information about various financial markets, which could exert downward pressure on gold prices. Strange as it may seem, the situation in the ore market was relatively calm. Eventually, the week closed in the green zone. Those gains mainly had to do with Friday's gold rally. International traders and investors reacted to the information about another global economic slowdown coupled with the trade war between the United States and China as well as the current situation in the Middle East, and started loading up on gold as a safe-haven asset, which eventually pushed the prices higher. 

Publication date: 24 September 05:15 AM