OLEM News and Press, Barclays Bank PLC ZC SP ETN REDEEM 18/04/2041 USD 50 - 06740P221 From 12/06/22

Summary China is the world’s second-largest economy and the biggest crude importer. Earlier in 2022, crude oil was in backwardation. Beware of political risks in both Russia and China in the coming months. By Blu Putnam In November, the powerful influence of...

Summary That crude oil prices and inflation have a correlation is long known. The issue is which comes first, and is oil causal for inflation or vice versa. The comparison 12mo PCE, 12mo Trimmed Mean PCE, WTI spells out the reality. This is especially visible since 2002. The 12mo Tr...

Summary The energy sector has undergone immense change since 2020. We find the energy space very attractive right now. We think valuations are compelling. We believe that if our thesis is correct, the upside will take care of itself and potentially be quite attractive. ...

Summary There are two meetings going on today - the G20 major economies meeting on the Indonesian island of Bali today and tomorrow (November 15 and 16), and the COP27, which focuses on climate change, running November 7-18 in Egypt. Crude oil prices initially rose early last week...

Summary Surging stocks show markets believe hopes of a soft landing by the Fed to be true. We disagree and stay underweight developed market (DM) stocks. U.S. stocks jumped and bond yields plunged after October CPI rose less than the market expected. But sticky core inflation keep...

Summary In our polarized world, your politics can be hazardous to your performance. Many political claims seem to make sense but do not hold water. The economy, energy policy and inflation may be the poster children of this campaign. Market reaction going into (and coming ...

Summary The futures curves for crude oil, gasoline and ultra-low sulfur diesel are in backwardation. One month ago, with inventories of diesel fuel and gasoline abnormally low, OPEC+ slashed production of crude oil by 2 million barrels per day. In the past month, oil prices ha...

Summary July Non-OPEC oil production increased by 697 kb/d to 49,616 kb/d. World oil production in July increased by 944 kb/d to 80,191 kb/d according to the EIA. August production is expected to increase by 1,357 kb/d to 81,548 kb/d. A guest post by Ovi Belo...

Summary U.S. midterm elections: Win, lose or draw for markets? What sectors may benefit from a divided government. Will equity markets get the post midterm election bump? For further details see: U.S. Midterm Elections: Win, Lose Or Draw For Markets? ...

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....