OLEM News and Press, Barclays Bank PLC ZC SP ETN REDEEM 18/04/2041 USD 50 - 06740P221 From 11/12/22

Summary Why the declines in tech on the S&P 500 may be hiding strength in other sectors from investors. The energy sector may still provide opportunities for investors. Insurers are not suffering the same challenges as other financials in the current high-rate environment....

Summary Distillate inventories often peak early in the year when production is high and economic activity is low, but tend to draw down into the summer. High natural gas prices are also increasing refining costs. Climate policies won’t be reversed and refineries cannot ...

Summary Commodity indexes have maintained good gains all year in the face of rising interest rates and the stronger U.S. dollar. October was a relatively quiet month for most markets, commodities included. The U.S. dollar was slightly lower despite U.S. 2-year yields rising by 20 ...

Summary In light of the recent outperformance of energy stocks, the sector looks to be in need of a period of consolidation. As such, we may be entering a period whereby the oil price itself outperforms energy companies. Depending on one’s timeframe, investors may do well t...

Summary The prices of oil, copper, and iron ore are all sharply down from their peaks earlier this year. The transition to green power will, in the medium term, boost demand for hydrocarbons. Even if the global economy were to collapse once again, the capital cycle could allow...

Summary While a divided US government may look appealing, there are long-term risks amid resulting gridlock. The longest night belonged to the pollsters and pundits, whose predictions for a “red wave” did not come to fruition. Looking at historical relationships ...

Summary The convergence of energy security and the climate agenda is likely to be a focal point at COP27. The Russia-Ukraine conflict has caused severe energy supply disruption in the EU and forced a near-term policy divergence between energy security and the climate agenda. A...

Summary Crude oil, the main component of gasoline, accounts for nearly 60% of the pump price of regular gasoline. Shortages at Gulf Coast refineries, outages in Europe and sanctions against Russian oil have helped push up the cost of crude. A big contributor to the surging pri...

Summary The U.S. inflation report is likely to remain the most economic piece of data for markets, for the foreseeable future. Falling inflation eventually will allow central banks to perform the much-discussed pivot, both in terms of the speed of tightening and eventual terminal ...

Summary While broad commodities have outperformed most major asset classes year-to-date,1 the pressure of rising interest rates, a strong U.S. dollar and fears of several large economies tipping into recession have led to a pullback since the summer of 2022. Since we published our...