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.
Oil traders were watching like hawks for any suggestion of which way prices may go. They went down. Where to for oil from here?
Conveniently, if you haven’t noticed, this ‘oil stability’ talk only happens when crude approaches the US$40 per barrel level.
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.