Ukraine, oil and Trump
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The U.S. Energy Information Administration's short-term outlook for oil prices forecast a slide in prices, potentially leading to lower rig counts and more job losses.
Oil prices rose on Monday after White House trade adviser Peter Navarro said India's purchases of Russian crude were funding Moscow's war in Ukraine and had to stop. Brent crude futures rose 30 cents,
Oil prices are lower this morning following Trump-Zelensky talks, with focus now turning to a possible meeting between the Ukrainian leader and Russian President Putin. Read more here.
Oil Prices ‘Melt Up’ in a March Toward $100 a Barrel Analysts have raised their forecasts for oil prices, as they try to understand Saudi Arabia’s intentions with recent production cuts.
Most Gulf stock markets were subdued in early trade on Tuesday as oil prices fell ahead of possible three-way talks involving Moscow, Kyiv and Washington to end the war in Ukraine.
A Russia-Ukraine peace accord would lower fuel prices, but any stalemate or escalation is a boon for the oil industry.
LOWCOUNTRY, S.C. (WCIV) — The average price of gas dropped slightly this week continuing a downward trend as Labor Day approaches. According to GasBuddy's survey of 3,028 stations in South Carolina, gas dropped 2.7 cents per gallon in the last week, averaging at about $2.72 per gallon at the pump Monday.
In short, if oil prices remain under pressure, which seems likely, stock investors should be on the alert for a correction lower in overall stock prices, with a differentiated view based on sector-specific vulnerabilities to lower oil prices.