VIDEO REMINDER In Today’s Masters in Trading: Live Last Friday, the Biden administration announced a new round of sanctions on Russia's oil sector designed to eat into the revenues Moscow has used to fund its war with Ukraine. The main targets include bellwether Russian oil companies like the state-owned Gazprom Neft, Surgutneftegas, and nearly 200 vessels tagged as part of Russia’s “shadow fleet” of Soviet-era freighters and other vessels. It will take some time to see the true implications of this latest round of sanctions on Russia’s oil supremacy… However, the negative consequences for the world’s oil supply are all too clear. Any long-term sanctions will cost Russia billions in energy revenues. And with a loss of export power and profits, major importers like China and India will likely seek alternative oil sources. Of course, these aren’t the only factors exerting pressure on the global oil market right now… With these escalating geopolitical tensions and a potential supply surplus weighing on the global market, oil prices will continue rising from here. And with all this pressure on the price of oil, I believe we’ll have plenty of opportunities to buy volatility in oil throughout the new year. In today’s Masters in Trading Live at 11 a.m. ET, I’ll explain how U.S. sanctions on Russian oil will likely tip the markets for months to come and the opportunities emerging for investors in this sector right now. If you want to be part of the action and share your comments and questions in real time, be sure to join me live on YouTube. It’s a great way to connect directly with our trading community and make sure you’re getting the insights you need to help build a deeper understanding of the markets. Here are all of today’s hot topics: -
A Surge in Oil Prices -
Explaining Russian Oil Sanctions -
Why We Should Expect an Oil Market Surplus in 2025 Remember, the creative trader wins, |
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