The U.S. military action that killed Iran’s Maj. Gen. Qassem Soleimani last week “served as a reminder that the Trump administration is both unconventional and unpredictable, and that helped reintroduce the geopolitical fear bid that carried the oil market to multi-month highs this week,” Tyler Richey, co-editor at Sevens Report Research told MarketWatch on Tuesday. Click here to read the full article.
The “solid economic data in the U.S. and abroad” paired with phase one/phase two trade deal optimism helped fuel the rally from a fundamental standpoint. From a technical standpoint, recently strong upside momentum is creating a ‘chase’ higher effect, further lifting…” Tyler Richey, co-editor at Sevens Report Research wrote in Tuesday’s newsletter. Click here to read the full article.
Even so, “deeper production cuts were not the consensus expectation coming into this week’s OPEC+ meeting (only an extension of current policy) and if they are formally agreed upon tomorrow, that will be an incremental positive for the market in the near to medium term,” said Tyler Richey, co-editor at Sevens Report Research. Then “we could see WTI futures breakout…” Click here to read the full article.
“Trade war headlines have been the main driver of the energy markets, but since late last week, OPEC+ policy expectations, economic data, and inventory/production releases have…” said Tyler Richey, co-editor at Sevens Report Research. Click here to read the full article.
Sevens Report co-editor Tyler Richey was interviewed by Ben Lichtenstein from TD Ameritrade Network, discussing oil, energy trade war, commodities and more…Click here to watch the full interview.
The bearish supply and production data by the Energy Information Administration and “lack of clarity” on the U.S.’s plans for tariff policy changes as part of the phase one trade deal with China, are “both negative influences on the market…” said Tyler Richey, co-editor of Sevens Report Research. Click here to read the full article.
“Trade war concerns are being offset by positive comments on the global economy by both Fed Chair Powell and OPEC’s Secretary General Barkindo…” said Tyler Richey, co-editor at Sevens Report Research. Click here to read the full article.
Meanwhile, the natural-gas market is “at the point in the year where the weather forecasts tend to take control…as speculators bet on how temperature trends will affect demand and ultimately supply levels,” said Tyler Richey, co-editor at Sevens Report Research. Click here to read the full article.
The “dismal durable goods number is helping boost gold prices as recession fears are again on the rise,” said Tyler Richey, co-editor at Sevens Report Research…Click here to read the full article.
Tyler Richey co-editor of the Sevens Report interviewed by Ben Lichtenstein from TD Ameritrade Network, to discuss bullish points, energy market outlook, gasoline inventories, OPEC and more…Click here to watch the full interview.
