|
Oil stockpiles fell again last week, along with gasoline and distillate inventories, data from the American Petroleum Institute industry group showed on Tuesday. The outlook for another draw in U.S. crude inventories plus renewed outages in Libya are supporting oil prices, say experts. WTI Crude is $58.45; Brent is $65.13 this morning.  Sourcec: Reuters.com - By: Bozorgmehr Sharafedin - Image: Nick Oxford
0 Comments
Fears of a demand slump were overdone, and the market is now taking a more realistic approach. The current outlook for oil isn’t so bad, with tightness likely to persist for the rest of the third quarter. WTI Crude is $57.41; Brent is $64.33 this morning.  Source: Bloomberg.com - By: Heesu Lee and Grant Smith - Image: Trevor Snapp Fragile economic growth caused by the protectionist U.S. trade policy is having a profound impact on oil demand and oil-demand growth. WTI Crude is $56.16; Brent is $63.20 this morning.  Source: Bloomberg.com - By: Heesu Lee and Grant Smith - Image: Luke Sharrett Industry analysts believe that the market for crude should continue to tighten in the back half of the year (see page 2 of the article for price forecasts thru 2022.) Demand will remain stronger than currently priced in as various global coordinated monetary and fiscal maneuvers will be implemented to support economic growth. WTI Crude is $56.42; Brent is $63.73 this morning.  Source: RigZone.com - By: Andreas Exarheas - Image: File Photo Oil turned higher after Mexico’s state-run oil company said crude output fell about 10% in the second quarter, adding to tensions after Iran reportedly tested a medium-range ballistic missile in the Persia Gulf region.  Source: Bloomberg.com - By: Alex Nussbaum - Image: Andre Rudakov |
Hours: M - F 8:00 a.m. - 5:00 p.m. CentralTelephone: 844-952-7363Email: InvestorRelations@redhawkinvestmentgroup.com |
Quotes by TradingView
|
Redhawk Investment Group, LLC offers direct and alternative oil and gas investment opportunities that enable investors to participate in the potential cash flow and the unique tax benefits associated with oil and gas investments. There are significant risks associated with investing in oil and gas offerings. The information contained in this website is for informational purposes only and is not a solicitation to buy or sell any securities. Information on this site is not intended to be used as investment or tax advice. Consult your investment advisor or tax advisor concerning the current tax laws and effects on your personal tax situation.
Copyright 2019 - Redhawk Investment Group, LLC - Sitemap