The bull needs to calm down a bit. With the volatile month of September around the corner, there might be a ‘bull-calming’ selloff in the market on its way.
It’s no surprise that Venezuela — and other nations dependent on crude — are talking up the crude oil price. But, do you remember how this went last time?
Keep an eye on oil and oil related stocks. There might be some good long term opportunities emerging over the next few months.
With crude starting to trend lower, it probably won’t be long until more investment banks downgrade their crude oil forecast.
For nearly two years, the global oil market has been flooded with excess supply. Yet, putting a strong bid under crude this year, punters have chosen to ignore this fact.
With more wells being drilled and produced, it seems like the supply story is set to get worse in the short term. Crude oil demand is still weakening.
Italy’s stock market has been a rollercoaster ride this year. Italian banks have lost more than 50% of their market capitalisation.
While these oil companies may look cheap compared to their highs, it doesn’t mean they are the right sort of oiler’s to buy right now.
Oil is definitely a cost plastics manufacturers want to keep their eye on. Amcor Ltd (ASX:AMC) is one such plastics giant in the business of packaging.
Crude Oil was up 87% from the low of US$26.05 per barrel on 2 February. Indeed, it got the pump. So, is it time for the dump?