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The last thing Saudi Arabia wants right now is lower oil prices amid their already subdued output

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The last thing Saudi Arabia wants right now is lower oil prices amid their already subdued output: Tyler Richey, Sevens Report Co-Editor, Quoted in MarketWatch on MSN

Crude oil extends losing streak as Trump urges OPEC to lower prices

While Trump is known to enjoy good relations with Saudi Crown Prince Mohammed bin Salman, but “the last thing Saudi Arabia wants right now… is lower oil prices amid their already subdued output, so they would not be likely to roll over and open the spigots without some sort of concessions – whether it be military [or] defense assets… or some other promise of U.S. investment in Saudi Arabia,” according to Tyler Richey, co-editor at Sevens Report Research.

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Sevens Report Analysts Quoted in Seeking Alpha on June 23rd, 2023

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Recession fears, central bank rate hikes sent crude oil reeling this week

WTI futures have dropped below $70/bbl four times this year with increasing frequency, but each time technical support has held at $67-$69, Sevens Report Research said, also noting each subsequent price bounce has run out of steam at a lower price point. Click here to read the full article.

Sevens Report Analysts Quoted in Seeking Alpha on July 21st, 2022

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Crude oil, energy stocks slide on signs of slowing U.S. fuel demand

Sevens Report Research said gasoline supplied, a measure of implied demand, only bounced by 459K bbl/day to 8.52M bbl/day last week after plunging 1.35M bbl/day in the previous week, which was the largest drop since the initial COVID lockdowns. Click here to read the full article.

Tom Essaye Quoted in Seeking Alpha on December 30, 2019

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“The market was very overbought at the end of last week. Nothing really new has occurred to push the market up in…” said Sevens Report‘s Tom Essaye.

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Tom Essaye Quoted in Seeking Alpha on December 23, 2019

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“Stocks are grinding relentlessly higher into year-end on continued momentum from the positive resolution of four key events: A phase one trade deal…” says Sevens Report founder Tom Essaye. Click here to read the full article.

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Tom Essaye Quoted in Seeking Alpha on September 17, 2019

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The consensus expects a 25 basis-point rate cut from the Fed today, but “the drama is centered on just how…” says Tom Essaye of The Sevens Report. Click here to read the full article.

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Tom Essaye Quoted in Seeking Alpha on June 12, 2019

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Tom Essaye quoted in Seeking Alpha. Analysts are also starting to reassess the June market comeback, with some saying it doesn’t quite make sense. “This rally is not fundamentally backed. Instead what we are seeing is a…” Click here to read the full article.

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