January 1, 2024 | Oil prices are easing off their long-term trends.
Why It Matters: Historically, lower energy costs is good news for the U.S. stock market. Lower energy prices = lower input costs. Which can translate to increased profits.
Source: Gavekal
...August 14, 2023 | Oil prices are surging and drillers are ramping up supply.
Why It Matters: The U.S. is refilling the Strategic Petroleum Reserve, the first in 12 months, and this could be boosting prices temporarily. If the U.S. shifts focus to cheaper oil, expect a change, especially with rising production.
Source: thedailyshot
...April 10 2023 | Inflation in headlines again. Last week OPEC surprises investors with announcing a supply cut of about 1.2 million barrels of oil per day. Why it matters: Reduced oil supply will likely drive up gas prices again, further fueling inflation concerns. Source: thedailyshot
...With Patrick Huang and Michelle Smith – CEO, CDFA™ Source Financial Advisors, and founder of Wife2CFO.
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