Is WTI Crude Oil a Buy, Sell or Hold?
[mepr-show rules=”99153″ unauth=”message”]WTI Crude Oil Price
Provider: WTI Crude Oil
Verdict: Crude oil is the lifeblood of a modern industrial society. While the EV revolution is starting to chip away demand from automobiles, the actual demand for oil is steady. Recent data from IEA highlights continuing demand from EMs.
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These days, however, oil price is dominated by macro concerns. Prices jumped by 25 percent in autumn on supply fears; these gains evaporated when growth concerns surfaced.
Pros
- Exposure to global growth
- Demand holding up
- Geopolitical supply risks in Middle East
Cons
- Economic downturn fears
- Increased supply
- Industry shocks
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Outlook
(3)
Overall
3WTI Crude Oil Analysis & Guides
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