{"id":1478,"date":"2024-01-12T14:19:49","date_gmt":"2024-01-12T11:19:49","guid":{"rendered":"http:\/\/27.preview.freshtone.ru\/oil-price-drivers-are-only-short-term-in-nature\/"},"modified":"2024-01-12T14:19:49","modified_gmt":"2024-01-12T11:19:49","slug":"oil-price-drivers-are-only-short-term-in-nature","status":"publish","type":"post","link":"https:\/\/27-preview.freshtone.ru\/en\/oil-price-drivers-are-only-short-term-in-nature\/","title":{"rendered":"Oil price drivers are only short-term in nature"},"content":{"rendered":"<p>In the early part of 2024 <a href=\"https:\/\/marketcheese.com\/symbol\/brent\" rel=\"noopener noreferrer\" target=\"_blank\"><strong>Brent oil<\/strong><\/a> is trading in a flat with the boundaries of <strong>$75<\/strong> and <strong>$80<\/strong> per barrel. On Thursday, the movement to the upper boundary began, and today buyers are trying to hold the level of <strong>79<\/strong>. At the same time, the potential for a short-term growth wave is seen as limited, and December highs near the level of <strong>81<\/strong> may act as a limit. Fundamental factors are not enough for a more significant increase in oil prices.<\/p><p>\u00a0<\/p><p>According to analysts of Citi Research, tension in the Middle East could cause a local rise of oil price, but no more than that. Pricing in the global oil market is still based on the balance of supply and demand. From this point of view, fears of surplus and overproduction of raw materials retain their pressure on prices. As a result, Citi analysts worsened their forecast for the price of Brent: from <strong>$75<\/strong> to <strong>$74<\/strong> per barrel for the current year, and by $10 at once for 2025 (to <strong>$60<\/strong> per barrel).<\/p><p>\u00a0<\/p><p>The latest statistics from the U.S. also testifies to the weak demand from oil products consumers. Gasoline stocks last week increased by 8 million barrels, 4 times more than expected. As a result, <a href=\"https:\/\/marketcheese.com\/indicator\/us-gasoline-inventories\" rel=\"noopener noreferrer\" target=\"_blank\"><strong>U.S. gasoline reserves reached the annual maximum<\/strong><\/a>, and diesel fuel reserves reached the highest value since 2021.<\/p><p>\u00a0<\/p><p>News from India also contributed its share of negativity. The country&#8217;s authorities didn\u2019t allocate money to replenish the strategic oil reserve, which has decreased by 30% compared to the maximum levels of 2020. The struggle to reduce the budget deficit for the Indian government turned out to be more important than improving energy security. In this regard, the global demand for oil is deprived of one of the potential support factors.<\/p><p>\u00a0<\/p><p>Traders could open short positions on Brent oil above the level of <strong>79<\/strong>. The target in this case would be the return of the Brent oil price to the level of <strong>77<\/strong>. The scenario remains valid until the price breaks through the level of <strong>81<\/strong> from below.<\/p><p>\u00a0<\/p><p><br><\/p><p>The following trading strategy can be suggested:<\/p><p>\u00a0<\/p><p><strong>Sell Brent oil above the level of 79. Take profit \u2014 77. Stop loss \u2014 81.<\/strong><\/p><p>\u00a0<\/p><p>Traders can also use a <strong>Trailing stop<\/strong> instead of a fixed <strong>Stop loss<\/strong> at their discretion.<\/p>","protected":false},"excerpt":{"rendered":"Market analysis by financial analysts and experienced traders. Forecast for Brent.","protected":false},"author":1,"featured_media":1475,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21],"tags":[],"class_list":["post-1478","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-forecasts-en"],"translation":{"provider":"WPGlobus","version":"2.12.2","language":"en","enabled_languages":["ru","en"],"languages":{"ru":{"title":true,"content":true,"excerpt":true},"en":{"title":false,"content":false,"excerpt":false}}},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\r\n<title>Oil price drivers are only short-term in nature - SSC<\/title>\r\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"Oil price drivers are only short-term in nature - SSC\" \/>\r\n<meta property=\"og:url\" content=\"https:\/\/27-preview.freshtone.ru\/en\/oil-price-drivers-are-only-short-term-in-nature\/\" \/>\r\n<meta property=\"og:site_name\" content=\"SSC\" \/>\r\n<meta property=\"article:published_time\" content=\"2024-01-12T11:19:49+00:00\" \/>\r\n<meta property=\"og:image\" content=\"https:\/\/27-preview.freshtone.ru\/wp-content\/uploads\/2024\/01\/0502646fb7b13b9346af737049ff361d98684389a37dccfa0dad81f2b9e.png\" \/>\r\n\t<meta property=\"og:image:width\" content=\"1911\" \/>\r\n\t<meta property=\"og:image:height\" content=\"955\" \/>\r\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\r\n<meta name=\"author\" content=\"admin\" \/>\r\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\r\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\r\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/27-preview.freshtone.ru\/en\/oil-price-drivers-are-only-short-term-in-nature\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/27-preview.freshtone.ru\/en\/oil-price-drivers-are-only-short-term-in-nature\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\/\/27-preview.freshtone.ru\/#\/schema\/person\/9b243d2c4470026d0c789966b4b487d5\"},\"headline\":\"Oil price drivers are only short-term in nature\",\"datePublished\":\"2024-01-12T11:19:49+00:00\",\"dateModified\":\"2024-01-12T11:19:49+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/27-preview.freshtone.ru\/en\/oil-price-drivers-are-only-short-term-in-nature\/\"},\"wordCount\":370,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/27-preview.freshtone.ru\/#organization\"},\"articleSection\":[\"Forecasts\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/27-preview.freshtone.ru\/en\/oil-price-drivers-are-only-short-term-in-nature\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/27-preview.freshtone.ru\/en\/oil-price-drivers-are-only-short-term-in-nature\/\",\"url\":\"https:\/\/27-preview.freshtone.ru\/en\/oil-price-drivers-are-only-short-term-in-nature\/\",\"name\":\"Oil price drivers are only short-term in nature - SSC\",\"isPartOf\":{\"@id\":\"https:\/\/27-preview.freshtone.ru\/#website\"},\"datePublished\":\"2024-01-12T11:19:49+00:00\",\"dateModified\":\"2024-01-12T11:19:49+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/27-preview.freshtone.ru\/en\/oil-price-drivers-are-only-short-term-in-nature\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/27-preview.freshtone.ru\/en\/oil-price-drivers-are-only-short-term-in-nature\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/27-preview.freshtone.ru\/en\/oil-price-drivers-are-only-short-term-in-nature\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"\u0413\u043b\u0430\u0432\u043d\u0430\u044f \u0441\u0442\u0440\u0430\u043d\u0438\u0446\u0430\",\"item\":\"https:\/\/27-preview.freshtone.ru\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Oil price drivers are only short-term in nature\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/27-preview.freshtone.ru\/#website\",\"url\":\"https:\/\/27-preview.freshtone.ru\/\",\"name\":\"SSC\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/27-preview.freshtone.ru\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/27-preview.freshtone.ru\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/27-preview.freshtone.ru\/#organization\",\"name\":\"SSC\",\"url\":\"https:\/\/27-preview.freshtone.ru\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/27-preview.freshtone.ru\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ssctrades.com\/wp-content\/uploads\/2023\/10\/opengraph.png\",\"contentUrl\":\"https:\/\/ssctrades.com\/wp-content\/uploads\/2023\/10\/opengraph.png\",\"width\":1200,\"height\":630,\"caption\":\"SSC\"},\"image\":{\"@id\":\"https:\/\/27-preview.freshtone.ru\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/27-preview.freshtone.ru\/#\/schema\/person\/9b243d2c4470026d0c789966b4b487d5\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/27-preview.freshtone.ru\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/900e9201551c479ef31eaafe8c1acae387e752aa7a6ca9851d3d3e9259655409?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/900e9201551c479ef31eaafe8c1acae387e752aa7a6ca9851d3d3e9259655409?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"sameAs\":[\"http:\/\/2.test.freshtone.ru\"]}]}<\/script>\r\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Oil price drivers are only short-term in nature - SSC","robots":{"index":"noindex","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"og_locale":"en_US","og_type":"article","og_title":"Oil price drivers are only short-term in nature - SSC","og_url":"https:\/\/27-preview.freshtone.ru\/en\/oil-price-drivers-are-only-short-term-in-nature\/","og_site_name":"SSC","article_published_time":"2024-01-12T11:19:49+00:00","og_image":[{"width":1911,"height":955,"url":"https:\/\/27-preview.freshtone.ru\/wp-content\/uploads\/2024\/01\/0502646fb7b13b9346af737049ff361d98684389a37dccfa0dad81f2b9e.png","type":"image\/png"}],"author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/27-preview.freshtone.ru\/en\/oil-price-drivers-are-only-short-term-in-nature\/#article","isPartOf":{"@id":"https:\/\/27-preview.freshtone.ru\/en\/oil-price-drivers-are-only-short-term-in-nature\/"},"author":{"name":"admin","@id":"https:\/\/27-preview.freshtone.ru\/#\/schema\/person\/9b243d2c4470026d0c789966b4b487d5"},"headline":"Oil price drivers are only short-term in nature","datePublished":"2024-01-12T11:19:49+00:00","dateModified":"2024-01-12T11:19:49+00:00","mainEntityOfPage":{"@id":"https:\/\/27-preview.freshtone.ru\/en\/oil-price-drivers-are-only-short-term-in-nature\/"},"wordCount":370,"commentCount":0,"publisher":{"@id":"https:\/\/27-preview.freshtone.ru\/#organization"},"articleSection":["Forecasts"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/27-preview.freshtone.ru\/en\/oil-price-drivers-are-only-short-term-in-nature\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/27-preview.freshtone.ru\/en\/oil-price-drivers-are-only-short-term-in-nature\/","url":"https:\/\/27-preview.freshtone.ru\/en\/oil-price-drivers-are-only-short-term-in-nature\/","name":"Oil price drivers are only short-term in nature - SSC","isPartOf":{"@id":"https:\/\/27-preview.freshtone.ru\/#website"},"datePublished":"2024-01-12T11:19:49+00:00","dateModified":"2024-01-12T11:19:49+00:00","breadcrumb":{"@id":"https:\/\/27-preview.freshtone.ru\/en\/oil-price-drivers-are-only-short-term-in-nature\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/27-preview.freshtone.ru\/en\/oil-price-drivers-are-only-short-term-in-nature\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/27-preview.freshtone.ru\/en\/oil-price-drivers-are-only-short-term-in-nature\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"\u0413\u043b\u0430\u0432\u043d\u0430\u044f \u0441\u0442\u0440\u0430\u043d\u0438\u0446\u0430","item":"https:\/\/27-preview.freshtone.ru\/"},{"@type":"ListItem","position":2,"name":"Oil price drivers are only short-term in nature"}]},{"@type":"WebSite","@id":"https:\/\/27-preview.freshtone.ru\/#website","url":"https:\/\/27-preview.freshtone.ru\/","name":"SSC","description":"","publisher":{"@id":"https:\/\/27-preview.freshtone.ru\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/27-preview.freshtone.ru\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/27-preview.freshtone.ru\/#organization","name":"SSC","url":"https:\/\/27-preview.freshtone.ru\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/27-preview.freshtone.ru\/#\/schema\/logo\/image\/","url":"https:\/\/ssctrades.com\/wp-content\/uploads\/2023\/10\/opengraph.png","contentUrl":"https:\/\/ssctrades.com\/wp-content\/uploads\/2023\/10\/opengraph.png","width":1200,"height":630,"caption":"SSC"},"image":{"@id":"https:\/\/27-preview.freshtone.ru\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/27-preview.freshtone.ru\/#\/schema\/person\/9b243d2c4470026d0c789966b4b487d5","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/27-preview.freshtone.ru\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/900e9201551c479ef31eaafe8c1acae387e752aa7a6ca9851d3d3e9259655409?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/900e9201551c479ef31eaafe8c1acae387e752aa7a6ca9851d3d3e9259655409?s=96&d=mm&r=g","caption":"admin"},"sameAs":["http:\/\/2.test.freshtone.ru"]}]}},"_links":{"self":[{"href":"https:\/\/27-preview.freshtone.ru\/en\/wp-json\/wp\/v2\/posts\/1478","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/27-preview.freshtone.ru\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/27-preview.freshtone.ru\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/27-preview.freshtone.ru\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/27-preview.freshtone.ru\/en\/wp-json\/wp\/v2\/comments?post=1478"}],"version-history":[{"count":0,"href":"https:\/\/27-preview.freshtone.ru\/en\/wp-json\/wp\/v2\/posts\/1478\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/27-preview.freshtone.ru\/en\/wp-json\/wp\/v2\/media\/1475"}],"wp:attachment":[{"href":"https:\/\/27-preview.freshtone.ru\/en\/wp-json\/wp\/v2\/media?parent=1478"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/27-preview.freshtone.ru\/en\/wp-json\/wp\/v2\/categories?post=1478"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/27-preview.freshtone.ru\/en\/wp-json\/wp\/v2\/tags?post=1478"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}