Many seasoned investors are surprised to see how positively correlated stock returns have been to oil prices. Energy stocks make up 8% of the overall market, so you’d expect them to have some influence. But, thanks to the increasing prominence of algorithms and quantitative trading, the impact has grown well beyond what 8% should contribute … continue reading →
Tag Archives: Saudi Arabia
WTI futures spiked nearly 5% overnight in the wake of a US drone strike on Baghdad Airport which killed Iranian military commander Qasem Soleimani. It is a dangerous escalation in the US conflict with Iran which broadened when Trump alarmed US allies by pulling out of the Iran nuclear deal last May. We argued at … continue reading →
As enjoyable as it is filling up the Family Truckster for only $2.36/gallon, what if it meant the the death of thousands of Kurds? Here’s what we know. For months, OPEC ignored Trump’s demands to bring down the price of oil. Trump was correctly concerned that spiking oil prices would push inflation to new highs … continue reading →
It’s interesting how Khashoggi’s murder top-ticked oil and gas prices… …and, so soon after Trump’s latest demand that OPEC lower oil prices. I’m certainly not insinuating that Trump had anything to do with Khashoggi’s murder. But, OPEC ignored Trump’s Sep 20 demand. Two weeks later, oil prices had spiked 10% higher. Since Oct 3, the … continue reading →
It is often said that there are two sides to every story and, somewhere in middle, lies the price of oil. Okay, I paraphrased that just a bit. But, isn’t it odd that the day after the Saudis threaten $400/barrel oil, Donald Trump suddenly embraces the ludicrous “rogue killers” theory for the death of Washington Post … continue reading →