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...

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.


MORE ON



3 topics

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

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.