{"id":17054,"date":"2020-11-05T07:03:50","date_gmt":"2020-11-05T06:03:50","guid":{"rendered":"https:\/\/bernstein-bank.com\/?p=17054\/"},"modified":"2020-11-05T07:03:50","modified_gmt":"2020-11-05T06:03:50","slug":"biden-is-a-huge-risk-to-the-oil-market","status":"publish","type":"post","link":"https:\/\/bernstein-bank.com\/en\/biden-is-a-huge-risk-to-the-oil-market\/","title":{"rendered":"Biden is a huge risk to the oil market"},"content":{"rendered":"<table cellspacing=\"0\" cellpadding=\"4\">\n<tbody>\n<tr>\n<th>\n<h4 style=\"text-align: center;\"><span style=\"color: #e2b365;\">Gold<\/span>\u00a0 1909,12<br \/>\n(<span style=\"color: #008000;\">+0,32%<\/span>)<\/h4>\n<\/th>\n<th>\n<h4 style=\"text-align: center;\"><span style=\"color: #e2b365;\">EURUSD<\/span>\u00a0 \u00a01,174<br \/>\n(<span style=\"color: #008000;\">+0,17%<\/span>)<\/h4>\n<\/th>\n<th>\n<h4 style=\"text-align: center;\"><span style=\"color: #e2b365;\">DJIA<\/span>\u00a0 27942,50<br \/>\n(<span style=\"color: #008000;\">+0,69%<\/span>)<\/h4>\n<\/th>\n<th>\n<h4 style=\"text-align: center;\"><span style=\"color: #e2b365;\">OIL.WTI<\/span>\u00a0 38,59<br \/>\n(<span style=\"color: #ff0000;\">-1,33%<\/span>)<\/h4>\n<\/th>\n<th>\n<h4 style=\"text-align: center;\"><span style=\"color: #e2b365;\">DAX<\/span>\u00a0 \u00a012261,76<br \/>\n(<span style=\"color: #008000;\">+0,01%<\/span>)<\/h4>\n<\/th>\n<\/tr>\n<\/tbody>\n<\/table>\n<p align=\"justify\">As we predicted, Wednesday&#8217;s trading is a chaotic movement in both directions. There is no need to look for meaning in what is happening. We are not expected to know the preliminary results of the US presidential election until Friday.<\/p>\n<p style=\"text-align: center;\"><strong> WTI<\/strong><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-17055 aligncenter\" src=\"https:\/\/bernstein-bank.azureedge.net\/wp-content\/uploads\/2020\/11\/WTI.png\" alt=\"WTI\" width=\"600\" height=\"242\" \/><\/p>\n<p align=\"justify\">Let&#8217;s remember the American election campaign. Biden crushed Trump in only 1, but a very important issue for American voters. Most Americans believe that the administration of the incumbent president has failed to fight the pandemic. Biden, if he wins the election, promises to quickly take control of the COVID-19 situation.<\/p>\n<p style=\"text-align: center;\"><strong><br \/>\nHow could he do this?<\/strong><\/p>\n<p align=\"justify\">This is the main question. If Biden does what he promised his voters, there is only one solution. Total quarantine, which will have to put most American states in jail. If Europeans have already fully experienced all the delights of the lockdown this spring, then Americans have not experienced such strict restrictions.<br \/>\nTotal quarantine means a dramatic reduction in the use of personal vehicles and air travel. It also means stopping many non-critical industries.<\/p>\n<p style=\"text-align: center;\"><strong><br \/>\nWhat happens to oil in this case?<\/strong><\/p>\n<p align=\"justify\">It is important to note that the WTI oil will suffer the most. Just a couple of weeks after the start of the lockdown, stocks of oil and petroleum products in the US will again begin to rise sharply. We remember where this might lead with the events of this spring. The price will initially go down every week, along with the release of data on weekly changes in US oil reserves. And then it can just start to panic, because at some point nobody will want to buy physical oil that has nowhere to go.<br \/>\nIn this case, the price of $10 per barrel of WTI oil throughout the winter does not seem like a fantastic scenario.<\/p>\n<p style=\"text-align: center;\"><strong><br \/>\nWhat can prevent this from happening?<\/strong><\/p>\n<p align=\"justify\">Just one thing. The fact that Biden&#8217;s election promises will remain just election promises. To decide to put the world&#8217;s economic leader under strong quarantine is probably to get a lot more enemies than Trump has now because of COVID-19.<br \/>\nThe most interesting things await us even before Christmas.<\/p>\n<p style=\"text-align: center;\"><strong><br \/>\nWhat awaits us today?<\/strong><\/p>\n<p align=\"justify\">11.00 EU retail sales for September<br \/>\n13.00 Bank of England decision on interest rate<br \/>\n13.30 Address by Bailey, Head of the Bank of England<br \/>\n20.00 US Federal Reserve interest rate decision<br \/>\n20.30 Press conference US Federal Reserve<\/p>\n<hr \/>\n<p style=\"text-align: center;\" align=\"justify\">Important Notes on This Publication:<small> <\/small><\/p>\n<p align=\"justify\"><small>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":"<p>Gold\u00a0 1909,12 (+0,32%) EURUSD\u00a0 \u00a01,174 (+0,17%) DJIA\u00a0 27942,50 (+0,69%) OIL.WTI\u00a0 38,59 (-1,33%) DAX\u00a0 \u00a012261,76 (+0,01%) As we predicted, Wednesday&#8217;s trading is a chaotic movement in both directions. There is no&#8230;<\/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-17054","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Biden is a huge risk to the oil market | Bernstein Bank<\/title>\n<meta name=\"description\" content=\"As we predicted, Wednesday&#039;s trading is a chaotic movement in both directions. 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