- Analiza
- Novosti i instrumenti
- Vesti sa tržišta
- Dramatic change in the oil supply reaction function still ahead – Goldman Sachs
Dramatic change in the oil supply reaction function still ahead – Goldman Sachs
Early Wednesday morning, Goldman Sachs (GS) came out with their upbeat analysis of oil prices with key comments like, “The market has far overshot the likely impact of the latest variant on oil demand.”
“Given the large uncertainties at this time, we await further news on the variant's development and additional restrictions imposed before refreshing our supply and demand balances and oil price forecasts,” adds GS.
The US-based bank also expects the structural repricing higher due to the dramatic change in the oil supply reaction function lying ahead.
Additional important quotes
Negative gamma effects are when swap dealers increasingly need to sell futures to hedge the oil price risk taken on by selling put options to producers.
The lack of discretionary buying activity in the face of an uncertain new COVID variant has therefore left prices in free-fall and pricing in a dire demand outlook.
This would represent any of these extreme outcomes: (1) not a single plane flying around the world for three months, or (2) half as intense as the 2020 global lockdown, or (3) a world even worst-off than before vaccinations: the combination of global jet demand falling to last winter's level (-1 mb/d), a twice as large hit to EU demand as the Alpha variant last winter (-2 mb/d) and twice as large a hit to Chinese demand as the Delta variant this summer (-1 mb/d).
WTI refreshes intraday high
Following the release, WTI crude oil prices extend the latest bounce off late August levels, refreshing intraday high around $67.40-45.
Read: WTI consolidates the day's worst drop in 3-months
© 2000-2025. Sva prava zaštićena.
Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.
Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.
Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.
Банковни транcфери
