{"id":18005,"date":"2021-08-05T07:31:14","date_gmt":"2021-08-05T05:31:14","guid":{"rendered":"https:\/\/bernstein-bank.com\/?p=18005\/"},"modified":"2021-08-05T07:31:14","modified_gmt":"2021-08-05T05:31:14","slug":"the-end-of-the-oil-market-rally","status":"publish","type":"post","link":"https:\/\/bernstein-bank.com\/en\/the-end-of-the-oil-market-rally\/","title":{"rendered":"The end of the oil market rally?"},"content":{"rendered":"\n\n\n
\n

Gold<\/span>\u00a0 1810,695
\n(-0,05%<\/span>)<\/h4>\n<\/th>\n

\n

EURUSD<\/span>\u00a0 \u00a01,1837
\n(+0,01%<\/span>)<\/h4>\n<\/th>\n

\n

DJIA<\/span>\u00a0 34752,50
\n(+0,14%<\/span>)<\/h4>\n<\/th>\n

\n

OIL.WTI<\/span>\u00a0 68,405
\n(+0,61%<\/span>)<\/h4>\n<\/th>\n

\n

DAX<\/span>\u00a0 15660,50
\n(+0,01%<\/span>)<\/h4>\n<\/th>\n<\/tr>\n<\/tbody>\n<\/table>\n

On Wednesday, the latest US oil and petroleum product inventory change data was released. And the data came as a shock to traders who were trading long in black gold.<\/p>\n


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

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

According to the published statistics oil inventories increased by 3.627 million barrels at once, while analysts had expected a fall of 3.102 million barrels. The news immediately put pressure on oil prices. The oil price is losing a few percent in the moment. And it’s dropping well below the critical $70 level.
\nTraditionally, at the end of July, stocks of petroleum products in storage are lower. This is caused by the holiday season. Millions of Americans get behind the wheel of their cars and travel across the country. The disruption of the seasonal factor tells us that oil producers in the US (and above all shale producers) continue to increase production levels of black gold.
\nFundamental factors are also adding to the rising sentiment of the bears. The threat of new lockdowns in many parts of the world due to the delta strain of coronavirus is on the rise.
\nAlso a separate and very serious risk is the possible entry of Iranian oil into the market. In a dynamic equilibrium situation, even an additional 0.5 million barrels per day could shake the supply-demand balance considerably.
\nThe outlook for the oil price could also be affected by economic data from the ADP in the USA. It shows that the labour market and economy in general is improving. Markets are concerned that this may prompt the US Federal Reserve to start cutting stimulus earlier than planned. The S&P 500 index has been losing about half a per cent since the open. At the same time the dollar index rises to its highest level in a week.
\nThus, all of the above factors could contribute to a further drop in oil prices.<\/p>\n

13.00 Bank of England interest rate decision
\n13.00 Bank of England meeting minutes
\n14.30 US initial jobless claims for the week<\/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 1810,695 (-0,05%) EURUSD\u00a0 \u00a01,1837 (+0,01%) DJIA\u00a0 34752,50 (+0,14%) OIL.WTI\u00a0 68,405 (+0,61%) DAX\u00a0 15660,50 (+0,01%) On Wednesday, the latest US oil and petroleum product inventory change data was released. And…<\/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-18005","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nThe end of the oil market rally? | Bernstein Bank<\/title>\n<meta name=\"description\" content=\"On Wednesday, the latest US oil and petroleum product inventory change data was released.\" \/>\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\/the-end-of-the-oil-market-rally\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The end of the oil market rally? | Bernstein Bank\" \/>\n<meta property=\"og:description\" content=\"On Wednesday, the latest US oil and petroleum product inventory change data was released.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/bernstein-bank.com\/en\/the-end-of-the-oil-market-rally\/\" \/>\n<meta property=\"og:site_name\" content=\"Bernstein Bank\" \/>\n<meta property=\"article:published_time\" content=\"2021-08-05T05:31:14+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\/the-end-of-the-oil-market-rally\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/bernstein-bank.com\/en\/the-end-of-the-oil-market-rally\/\"},\"author\":{\"name\":\"Wordpress Support\",\"@id\":\"https:\/\/bernstein-bank.com\/en\/#\/schema\/person\/f2be4e4423d78d9d97bf1e9a8db9fd48\"},\"headline\":\"The end of the oil market rally?\",\"datePublished\":\"2021-08-05T05:31:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/bernstein-bank.com\/en\/the-end-of-the-oil-market-rally\/\"},\"wordCount\":528,\"image\":{\"@id\":\"https:\/\/bernstein-bank.com\/en\/the-end-of-the-oil-market-rally\/#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\/the-end-of-the-oil-market-rally\/\",\"url\":\"https:\/\/bernstein-bank.com\/en\/the-end-of-the-oil-market-rally\/\",\"name\":\"The end of the oil market rally? | Bernstein Bank\",\"isPartOf\":{\"@id\":\"https:\/\/bernstein-bank.com\/en\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/bernstein-bank.com\/en\/the-end-of-the-oil-market-rally\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/bernstein-bank.com\/en\/the-end-of-the-oil-market-rally\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/bernstein-bank.azureedge.net\/wp-content\/uploads\/2021\/03\/morning-news.jpg\",\"datePublished\":\"2021-08-05T05:31:14+00:00\",\"author\":{\"@id\":\"https:\/\/bernstein-bank.com\/en\/#\/schema\/person\/f2be4e4423d78d9d97bf1e9a8db9fd48\"},\"description\":\"On Wednesday, the latest US oil and petroleum product inventory change data was released.\",\"breadcrumb\":{\"@id\":\"https:\/\/bernstein-bank.com\/en\/the-end-of-the-oil-market-rally\/#breadcrumb\"},\"inLanguage\":\"ENH\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/bernstein-bank.com\/en\/the-end-of-the-oil-market-rally\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"ENH\",\"@id\":\"https:\/\/bernstein-bank.com\/en\/the-end-of-the-oil-market-rally\/#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\/the-end-of-the-oil-market-rally\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/bernstein-bank.com\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"The end of the oil market rally?\"}]},{\"@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":"The end of the oil market rally? | Bernstein Bank","description":"On Wednesday, the latest US oil and petroleum product inventory change data was released.","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\/the-end-of-the-oil-market-rally\/","og_locale":"en_US","og_type":"article","og_title":"The end of the oil market rally? | Bernstein Bank","og_description":"On Wednesday, the latest US oil and petroleum product inventory change data was released.","og_url":"https:\/\/bernstein-bank.com\/en\/the-end-of-the-oil-market-rally\/","og_site_name":"Bernstein Bank","article_published_time":"2021-08-05T05:31:14+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\/the-end-of-the-oil-market-rally\/#article","isPartOf":{"@id":"https:\/\/bernstein-bank.com\/en\/the-end-of-the-oil-market-rally\/"},"author":{"name":"Wordpress Support","@id":"https:\/\/bernstein-bank.com\/en\/#\/schema\/person\/f2be4e4423d78d9d97bf1e9a8db9fd48"},"headline":"The end of the oil market rally?","datePublished":"2021-08-05T05:31:14+00:00","mainEntityOfPage":{"@id":"https:\/\/bernstein-bank.com\/en\/the-end-of-the-oil-market-rally\/"},"wordCount":528,"image":{"@id":"https:\/\/bernstein-bank.com\/en\/the-end-of-the-oil-market-rally\/#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\/the-end-of-the-oil-market-rally\/","url":"https:\/\/bernstein-bank.com\/en\/the-end-of-the-oil-market-rally\/","name":"The end of the oil market rally? | Bernstein Bank","isPartOf":{"@id":"https:\/\/bernstein-bank.com\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/bernstein-bank.com\/en\/the-end-of-the-oil-market-rally\/#primaryimage"},"image":{"@id":"https:\/\/bernstein-bank.com\/en\/the-end-of-the-oil-market-rally\/#primaryimage"},"thumbnailUrl":"https:\/\/bernstein-bank.azureedge.net\/wp-content\/uploads\/2021\/03\/morning-news.jpg","datePublished":"2021-08-05T05:31:14+00:00","author":{"@id":"https:\/\/bernstein-bank.com\/en\/#\/schema\/person\/f2be4e4423d78d9d97bf1e9a8db9fd48"},"description":"On Wednesday, the latest US oil and petroleum product inventory change data was released.","breadcrumb":{"@id":"https:\/\/bernstein-bank.com\/en\/the-end-of-the-oil-market-rally\/#breadcrumb"},"inLanguage":"ENH","potentialAction":[{"@type":"ReadAction","target":["https:\/\/bernstein-bank.com\/en\/the-end-of-the-oil-market-rally\/"]}]},{"@type":"ImageObject","inLanguage":"ENH","@id":"https:\/\/bernstein-bank.com\/en\/the-end-of-the-oil-market-rally\/#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\/the-end-of-the-oil-market-rally\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/bernstein-bank.com\/en\/"},{"@type":"ListItem","position":2,"name":"The end of the oil market rally?"}]},{"@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\/18005","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=18005"}],"version-history":[{"count":0,"href":"https:\/\/bernstein-bank.com\/en\/wp-json\/wp\/v2\/posts\/18005\/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=18005"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bernstein-bank.com\/en\/wp-json\/wp\/v2\/categories?post=18005"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bernstein-bank.com\/en\/wp-json\/wp\/v2\/tags?post=18005"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}