{"id":17711,"date":"2021-04-23T07:29:00","date_gmt":"2021-04-23T05:29:00","guid":{"rendered":"https:\/\/bernstein-bank.com\/?p=17711\/"},"modified":"2021-04-23T07:29:00","modified_gmt":"2021-04-23T05:29:00","slug":"uncertainty-on-oil-grows","status":"publish","type":"post","link":"https:\/\/bernstein-bank.com\/en\/uncertainty-on-oil-grows\/","title":{"rendered":"Uncertainty on oil grows"},"content":{"rendered":"\n\n\n
\n

Gold<\/span>\u00a0 1784,70
\n(+0,04%<\/span>)<\/h4>\n<\/th>\n

\n

EURUSD<\/span>\u00a0 \u00a01,2028
\n(+0,09%<\/span>)<\/h4>\n<\/th>\n

\n

DJIA<\/span>\u00a0 33744,50
\n(+1,51%<\/span>)<\/h4>\n<\/th>\n

\n

OIL.WTI<\/span>\u00a0 61,905
\n(+1,30%<\/span>)<\/h4>\n<\/th>\n

\n

DAX<\/span>\u00a0 \u00a015255
\n(+0,49%<\/span>)<\/h4>\n<\/th>\n<\/tr>\n<\/tbody>\n<\/table>\n

While the stock market situation is quite clear and predictable, the energy market is not so clear-cut. There have been no strong movements in the last month. Oil demand has been stable and of little concern. Ahead is summer and possible weakening due to ongoing vaccinations. Will this affect oil prices or not?<\/p>\n


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

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

Pandemic times will probably be the most difficult for all oil traders. For a long time, they have been using enough indicators and information to make decisions. These are seasonal demand, air traffic, the general state of the economy, electricity consumption, etc. Based on these parameters, it was possible to predict the price of energy in the coming months with a good degree of probability. Now each month is completely unpredictable. All the statistics that used to be used no longer work.
\nFurther adding fuel to the fire is OPEC+. From the structure that is supposed to set the tone, OPEC+ only reacts to current changes. Meetings now take place every month and production quotas are revised every month. At this pace, it is very difficult to readjust quickly and forecast anything, much less plan profits, business development investments and other strategic indicators. Also, such actions directly affect the market volatility of petroleum products.
\nThe next few months will be mixed for energy markets. Forecasts from leading analysts are widely divergent. Goldman Sachs sees the price per barrel of WTI oil at $80 as early as this summer. But the US Energy Information Administration plans average price of one barrel to reach $61.
\nThe US may also contribute to the oil market. In order to meet the demand the USA may increase production of oil, thus making another correction to the overall market.
\nAnother nuance for oil may be rising inflation. Prices are quoted in US dollars. If the dollar starts to weaken a lot, it will in any case support oil, which will definitely be reflected in the quotations.
\nAnd another problem for oil – India is reporting 384,000 COVID-19 infections a day. This is the highest number ever recorded in that country. India could well go into quarantine, which is bound to affect the price.
\nThere are challenging times ahead.<\/p>\n

01.30 Japan National Consumer Price Index YTD
\n08.00 Retail sales in England YTD
\n15.45 US Composite Business Activity Index for April<\/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 1784,70 (+0,04%) EURUSD\u00a0 \u00a01,2028 (+0,09%) DJIA\u00a0 33744,50 (+1,51%) OIL.WTI\u00a0 61,905 (+1,30%) DAX\u00a0 \u00a015255 (+0,49%) While the stock market situation is quite clear and predictable, the energy market is not…<\/p>\n","protected":false},"author":37,"featured_media":17595,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[6],"tags":[],"class_list":["post-17711","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nUncertainty on oil grows | Bernstein Bank<\/title>\n<meta name=\"description\" content=\"While the stock market situation is quite clear and predictable, the energy market is not so clear-cut.\" \/>\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\/uncertainty-on-oil-grows\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Uncertainty on oil grows | Bernstein Bank\" \/>\n<meta property=\"og:description\" content=\"While the stock market situation is quite clear and predictable, the energy market is not so clear-cut.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/bernstein-bank.com\/en\/uncertainty-on-oil-grows\/\" \/>\n<meta property=\"og:site_name\" content=\"Bernstein Bank\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-23T05:29:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/bernstein-bank.azureedge.net\/wp-content\/uploads\/2021\/03\/morning-news.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"455\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Wordpress Support\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Wordpress Support\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/bernstein-bank.com\/en\/uncertainty-on-oil-grows\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/bernstein-bank.com\/en\/uncertainty-on-oil-grows\/\"},\"author\":{\"name\":\"Wordpress Support\",\"@id\":\"https:\/\/bernstein-bank.com\/en\/#\/schema\/person\/f2be4e4423d78d9d97bf1e9a8db9fd48\"},\"headline\":\"Uncertainty on oil grows\",\"datePublished\":\"2021-04-23T05:29:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/bernstein-bank.com\/en\/uncertainty-on-oil-grows\/\"},\"wordCount\":580,\"image\":{\"@id\":\"https:\/\/bernstein-bank.com\/en\/uncertainty-on-oil-grows\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/bernstein-bank.azureedge.net\/wp-content\/uploads\/2021\/03\/morning-news.jpg\",\"articleSection\":[\"News\"],\"inLanguage\":\"ENH\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/bernstein-bank.com\/en\/uncertainty-on-oil-grows\/\",\"url\":\"https:\/\/bernstein-bank.com\/en\/uncertainty-on-oil-grows\/\",\"name\":\"Uncertainty on oil grows | Bernstein Bank\",\"isPartOf\":{\"@id\":\"https:\/\/bernstein-bank.com\/en\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/bernstein-bank.com\/en\/uncertainty-on-oil-grows\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/bernstein-bank.com\/en\/uncertainty-on-oil-grows\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/bernstein-bank.azureedge.net\/wp-content\/uploads\/2021\/03\/morning-news.jpg\",\"datePublished\":\"2021-04-23T05:29:00+00:00\",\"author\":{\"@id\":\"https:\/\/bernstein-bank.com\/en\/#\/schema\/person\/f2be4e4423d78d9d97bf1e9a8db9fd48\"},\"description\":\"While the stock market situation is quite clear and predictable, the energy market is not so clear-cut.\",\"breadcrumb\":{\"@id\":\"https:\/\/bernstein-bank.com\/en\/uncertainty-on-oil-grows\/#breadcrumb\"},\"inLanguage\":\"ENH\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/bernstein-bank.com\/en\/uncertainty-on-oil-grows\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"ENH\",\"@id\":\"https:\/\/bernstein-bank.com\/en\/uncertainty-on-oil-grows\/#primaryimage\",\"url\":\"https:\/\/bernstein-bank.azureedge.net\/wp-content\/uploads\/2021\/03\/morning-news.jpg\",\"contentUrl\":\"https:\/\/bernstein-bank.azureedge.net\/wp-content\/uploads\/2021\/03\/morning-news.jpg\",\"width\":800,\"height\":455,\"caption\":\"morning-news\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/bernstein-bank.com\/en\/uncertainty-on-oil-grows\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/bernstein-bank.com\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Uncertainty on oil grows\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/bernstein-bank.com\/en\/#website\",\"url\":\"https:\/\/bernstein-bank.com\/en\/\",\"name\":\"Bernstein Bank\",\"description\":\"Bernstein Bank GmbH\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/bernstein-bank.com\/en\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"ENH\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/bernstein-bank.com\/en\/#\/schema\/person\/f2be4e4423d78d9d97bf1e9a8db9fd48\",\"name\":\"Wordpress Support\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Uncertainty on oil grows | Bernstein Bank","description":"While the stock market situation is quite clear and predictable, the energy market is not so clear-cut.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/bernstein-bank.com\/en\/uncertainty-on-oil-grows\/","og_locale":"en_US","og_type":"article","og_title":"Uncertainty on oil grows | Bernstein Bank","og_description":"While the stock market situation is quite clear and predictable, the energy market is not so clear-cut.","og_url":"https:\/\/bernstein-bank.com\/en\/uncertainty-on-oil-grows\/","og_site_name":"Bernstein Bank","article_published_time":"2021-04-23T05:29:00+00:00","og_image":[{"width":800,"height":455,"url":"https:\/\/bernstein-bank.azureedge.net\/wp-content\/uploads\/2021\/03\/morning-news.jpg","type":"image\/jpeg"}],"author":"Wordpress Support","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Wordpress Support","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/bernstein-bank.com\/en\/uncertainty-on-oil-grows\/#article","isPartOf":{"@id":"https:\/\/bernstein-bank.com\/en\/uncertainty-on-oil-grows\/"},"author":{"name":"Wordpress Support","@id":"https:\/\/bernstein-bank.com\/en\/#\/schema\/person\/f2be4e4423d78d9d97bf1e9a8db9fd48"},"headline":"Uncertainty on oil grows","datePublished":"2021-04-23T05:29:00+00:00","mainEntityOfPage":{"@id":"https:\/\/bernstein-bank.com\/en\/uncertainty-on-oil-grows\/"},"wordCount":580,"image":{"@id":"https:\/\/bernstein-bank.com\/en\/uncertainty-on-oil-grows\/#primaryimage"},"thumbnailUrl":"https:\/\/bernstein-bank.azureedge.net\/wp-content\/uploads\/2021\/03\/morning-news.jpg","articleSection":["News"],"inLanguage":"ENH"},{"@type":"WebPage","@id":"https:\/\/bernstein-bank.com\/en\/uncertainty-on-oil-grows\/","url":"https:\/\/bernstein-bank.com\/en\/uncertainty-on-oil-grows\/","name":"Uncertainty on oil grows | Bernstein Bank","isPartOf":{"@id":"https:\/\/bernstein-bank.com\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/bernstein-bank.com\/en\/uncertainty-on-oil-grows\/#primaryimage"},"image":{"@id":"https:\/\/bernstein-bank.com\/en\/uncertainty-on-oil-grows\/#primaryimage"},"thumbnailUrl":"https:\/\/bernstein-bank.azureedge.net\/wp-content\/uploads\/2021\/03\/morning-news.jpg","datePublished":"2021-04-23T05:29:00+00:00","author":{"@id":"https:\/\/bernstein-bank.com\/en\/#\/schema\/person\/f2be4e4423d78d9d97bf1e9a8db9fd48"},"description":"While the stock market situation is quite clear and predictable, the energy market is not so clear-cut.","breadcrumb":{"@id":"https:\/\/bernstein-bank.com\/en\/uncertainty-on-oil-grows\/#breadcrumb"},"inLanguage":"ENH","potentialAction":[{"@type":"ReadAction","target":["https:\/\/bernstein-bank.com\/en\/uncertainty-on-oil-grows\/"]}]},{"@type":"ImageObject","inLanguage":"ENH","@id":"https:\/\/bernstein-bank.com\/en\/uncertainty-on-oil-grows\/#primaryimage","url":"https:\/\/bernstein-bank.azureedge.net\/wp-content\/uploads\/2021\/03\/morning-news.jpg","contentUrl":"https:\/\/bernstein-bank.azureedge.net\/wp-content\/uploads\/2021\/03\/morning-news.jpg","width":800,"height":455,"caption":"morning-news"},{"@type":"BreadcrumbList","@id":"https:\/\/bernstein-bank.com\/en\/uncertainty-on-oil-grows\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/bernstein-bank.com\/en\/"},{"@type":"ListItem","position":2,"name":"Uncertainty on oil grows"}]},{"@type":"WebSite","@id":"https:\/\/bernstein-bank.com\/en\/#website","url":"https:\/\/bernstein-bank.com\/en\/","name":"Bernstein Bank","description":"Bernstein Bank GmbH","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/bernstein-bank.com\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"ENH"},{"@type":"Person","@id":"https:\/\/bernstein-bank.com\/en\/#\/schema\/person\/f2be4e4423d78d9d97bf1e9a8db9fd48","name":"Wordpress Support"}]}},"_links":{"self":[{"href":"https:\/\/bernstein-bank.com\/en\/wp-json\/wp\/v2\/posts\/17711","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bernstein-bank.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bernstein-bank.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bernstein-bank.com\/en\/wp-json\/wp\/v2\/users\/37"}],"replies":[{"embeddable":true,"href":"https:\/\/bernstein-bank.com\/en\/wp-json\/wp\/v2\/comments?post=17711"}],"version-history":[{"count":0,"href":"https:\/\/bernstein-bank.com\/en\/wp-json\/wp\/v2\/posts\/17711\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bernstein-bank.com\/en\/wp-json\/wp\/v2\/media\/17595"}],"wp:attachment":[{"href":"https:\/\/bernstein-bank.com\/en\/wp-json\/wp\/v2\/media?parent=17711"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bernstein-bank.com\/en\/wp-json\/wp\/v2\/categories?post=17711"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bernstein-bank.com\/en\/wp-json\/wp\/v2\/tags?post=17711"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}