
On April 15, Bank of America and Citigroup report their earnings in the first quarter of 2021. Are they equally good?
2021-02-03 • Updated
As you can see, two days separate these headlines; and yet, they stand in direct contradiction. What’s on the table in the US oil sector and how may it affect the oil price?
One of the signature characteristics of the Biden presidency plan is environmental care. The US President said he wanted to make the US carbon-free by 2050. To achieve that, he’d need to transition the US economy from fossil fuels to other energy resources. That would require the US re-joining the Paris accord in the first place (to be re-affirmed on April 22 during the Earth Day meetings). Here are some of the central implications discussed in the media now.
As far as the oil market is concerned, the smaller the input of the US oil industry to the global market, the higher the price of oil will theoretically be. In this sense, OPEC may be very much interested in Joe Biden’s green economy efforts as it may not only give room to the cartel’s expansion but may push the oil price, too. However, in the long-run, this process will not go without much fluctuation on the way because if Joe Biden makes the American industry carbon-free. It will eventually need less oil than before. Hence, the global oil demand is expected to suffer from this side. Nevertheless, through 2021, the channel between $55 and $65 appears to be the mainland for the WTI oil price performance. $75 may also be approached by the price in case the uptrend of 2017-2018 repeats itself in the coming 12 months.
Oil CFDs are available on FBS Trader
On April 15, Bank of America and Citigroup report their earnings in the first quarter of 2021. Are they equally good?
While the UK is in a deep economic crisis, there are brighter spots ahead. What are the implications for the GBP?
Time to do fundamental analysis of our favorite Eurodollar. What's the outlook for this year?
Stocks of tech and auto sectors are in the focus of traders these days due to the global chip shortage. Let’s find out what is going on with chips and why it’s important for traders.
What are the first stocks that'll see their quarterly reports out? Let's check them out and prepare for some moves in the stock market!
Morgan Stanley, a huge investment bank, has warned investors about a “risk” not having Tesla stock.
FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.
Your request is accepted.
A manager will call you shortly.
Next callback request for this phone number
will be available in 00:30:00
If you have an urgent issue please contact us via
Live chat
Internal error. Please try again later
Don’t waste your time – keep track of how NFP affects the US dollar and profit!
Beginner Forex book will guide you through the world of trading.
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.