Charlie Aitken, Bell Potter: A sharp drop in global oil prices is likely to occur as US oil storage inventories are at 80-year highs while the cost of...
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Charlie Aitken, Bell Potter: A sharp drop in global oil prices is likely to occur as US oil storage inventories are at 80-year highs while the cost of financing oil carry trades is rising with US bond yields. Considering the slowing Chinese economy, cheap gas alternatives, high investment in physical oil and a resurgent USD, there is a clear likelihood that the oil price correction could get disorderly. A fall in the oil price is positive news for consumers, transport companies and inflation while oil producers and oil service companies are likely to suffer.
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Livewire News brings you a wide range of financial insights with a focus on Global Macro, Fixed Income, Currencies and Commodities.
Livewire News
Livewire
Livewire News brings you a wide range of financial insights with a focus on Global Macro, Fixed Income, Currencies and Commodities.
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Livewire News
Livewire
Livewire News brings you a wide range of financial insights with a focus on Global Macro, Fixed Income, Currencies and Commodities.
Expertise
No areas of expertise
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