{"id":16760,"date":"2020-08-26T05:09:48","date_gmt":"2020-08-26T03:09:48","guid":{"rendered":"https:\/\/bernstein-bank.com\/?p=16760\/"},"modified":"2020-08-26T05:17:10","modified_gmt":"2020-08-26T03:17:10","slug":"is-another-oil-crisis-ahead-of-us","status":"publish","type":"post","link":"https:\/\/bernstein-bank.com\/en\/is-another-oil-crisis-ahead-of-us\/","title":{"rendered":"Is another oil crisis ahead of us?"},"content":{"rendered":"\n\n\n
\n

Gold<\/span>\u00a0 1929,29
\n(+0,08%<\/span>)<\/h4>\n<\/th>\n

\n

EURUSD<\/span>\u00a0 \u00a01,182
\n(-0,11%<\/span>)<\/h4>\n<\/th>\n

\n

DJIA<\/span>\u00a0 28156
\n(-0,11%<\/span>)<\/h4>\n<\/th>\n

\n

OIL.WTI<\/span>\u00a0 43,405
\n(+0,10%<\/span>)<\/h4>\n<\/th>\n

\n

DAX<\/span>\u00a0 \u00a013095,10
\n(+0,01%<\/span>)<\/h4>\n<\/th>\n<\/tr>\n<\/tbody>\n<\/table>\n

Hurricane Laura is approaching the United States, which has already been granted tropical storm status. Already on Wednesday night it will disrupt the work of the largest refineries in the states of Texas and Louisiana. Another oil crisis is ahead of us, or maybe everything is not so terrible as it seems?<\/p>\n


\nOIL.WTI<\/strong><\/p>\n

\"OIL.WTI\"<\/p>\n

Today, oil has crossed the border above the daily SMA200, which is symbolic before the hurricane in the Gulf of Mexico. Fears of possible supply disruptions are driving the price higher at $43.5 per barrel.
\nThis area in the Gulf has about 15% of all production capacity in the U.S., and most of the refineries are located on the coast.
\nOf course, investors will now follow the situation closely, but fear has big eyes, so it is very likely that oil will rise in price in the coming days..<\/p>\n


\nIndices<\/strong><\/p>\n

On Tuesday stock markets behave in a mixed way. Europe closed near session lows, DAX added 0.1%. Trade optimism is growing, Germany’s economic performance was better than expected, and the business climate index was also better than expected.
\nIn the U.S. investors were worried about the hurricane, on Tuesday the S&P500 index remained at the opening levels.
\nWe can see that the U.S. market is growing without kickbacks. The financial sector somehow needs to process the volumes that have come in the last few weeks. So we will probably see a flat movement in the index for a while.<\/p>\n


\nPound Sterling<\/strong><\/p>\n

The GBP\/USD pair keeps near the session highs and is very well performing compared to other European currencies. Lack of progress on Brexit is pushing the pair, but expectations that the countries will find a compromise in the negotiations are strongly supporting the pound. Against the backdrop of a weak U.S. dollar, this has a certain effect. The first resistance of the GBP\/USD pair is at 1.3150.<\/p>\n


\nWhat’s waiting for us today?<\/strong><\/p>\n

12.00 Total number of unemployed in France.
\n14.30 Base orders for durable goods in the USA for July.
\n16.30 US crude oil reserves<\/p>\n

\n

Important Notes on This Publication: <\/small><\/p>\n

The content of this publication is for general information purposes only. In this context, it is neither an individual investment recommendation or advice nor an offer to purchase or sell securities or other financial products. The content in question and all the information contained therein do not in any way replace individual investor- or investment-oriented advice. No reliable forecast or indication for the future is possible with respect to any presentation or information on the present or past performance of the relevant underlying assets. All information and data presented in this publication are based on reliable sources. However, Bernstein Bank does not guarantee that the information and data contained in this publication is up-to-date, correct and complete. Securities traded on the financial markets are subject to price fluctuations. A contract for difference (CFD) is also a financial instrument with leverage effect. Against this backdrop, CFD trading involves a high risk up to the point of total loss and may not be suitable for all investors. Therefore, make sure that you have fully understood all the correlating risks. If necessary, ask for independent advice.<\/small><\/p>\n","protected":false},"excerpt":{"rendered":"

Gold\u00a0 1929,29 (+0,08%) EURUSD\u00a0 \u00a01,182 (-0,11%) DJIA\u00a0 28156 (-0,11%) OIL.WTI\u00a0 43,405 (+0,10%) DAX\u00a0 \u00a013095,10 (+0,01%) Hurricane Laura is approaching the United States, which has already been granted tropical storm status….<\/p>\n","protected":false},"author":37,"featured_media":13158,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[6],"tags":[],"class_list":["post-16760","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nIs another oil crisis ahead of us? | Bernstein Bank<\/title>\n<meta name=\"description\" content=\"Hurricane Laura is approaching the United States, which has already been granted tropical storm status.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bernstein-bank.com\/en\/is-another-oil-crisis-ahead-of-us\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Is another oil crisis ahead of us? 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