Unfortunately for OPEC, their manipulation has started to prove counter-cyclical. The crude oil price surge looks ready to backfire.
Oil and gas exploration and production company Karoon Gas [ASX:KAR] has seen its share price spike over 35% in just over a week. Why did Karoon Gas do this?
just as Saudi Arabia and OPEC’s decision to increase oil production caused the oil price to slump, the apparent decision to cap production has helped boost the oil price.
In today’s video update Kris looks at Russia and OPEC’s deal to cap oil supply, and the impact it could have on US oil production…
While the supply story probably won’t end well for crude oil punters in the months ahead, watch out for this week’s ‘informal’ meeting.
Thanks to the supply freeze, global investment bank Goldman Sachs believes that crude oil should be US$10 per barrel higher. If that happens, you could say that crude is in a bull market. I wouldn’t get too excited…
Through the derivatives market, Deutsche Bank is connected all over the world. It simply can’t be their intention to artificially provoke the next crisis.
Crude Oil’s volatility doesn’t make our job easy. But it doesn’t make it impossible either. You can successfully navigate through the tough times.
The S&P/ASX 200 Banks index is down 13.7% year-to-date. And it’s down 28.4% since March 2015. On the flipside, what has been one of the best performing sectors on the Australian stock market this year?
Out of the top performers on the ASX 200 this year, the majority are miners. The table below shows the top 12 performing stocks on the ASX 200 this year.