◂ Gebeurtenissenverloop

31 jul 2023MACROWereldwijd

Goldman Sachs: China Is The Biggest Driver Of The Oil Price Rally

Goldman Sachs attributes the July 2023 oil price rally mainly to China's demand recovery and expected stimulus, and says demand outside China is holding up better than feared. The bank reiterated a 12-month Brent target of $93 per barrel and upgraded its demand outlook, with Brent trading above $85.

WAAROM HET ER TOE DOET

Stronger crude prices raise diesel and energy costs for feed milling and transport, and oil-linked biofuel economics can pull vegetable oil and corn demand. Expectations of an OPEC+-driven deficit point to continued upward pressure on energy input costs.

BETREFTRuwe olie (Brent)▲Ruwe olie (WTI)▲

BRON
oilprice.comTom Kool31 jul 2023

Koersreactie & historie

Ruwe olie (Brent)▲opwaartsTOT NU TOE1d +0,8%5d +2,4%20d +0,2%

Na 323 eerdere opwaarts macro-gebeurtenissen bewoog Ruwe olie (Brent) zich mediaan +0,7% over 5 sessies (58% hoger; middelste helft -2,9% tot +3,7%), en +1,3% over 20.

11 apr 2018Strong Demand, Not OPEC, Is Pushing Oil Prices Higher | OilPrice.com+1,1%
27 jan 2025Renewed inflation worries help drive oil price rally | Reuters-2,1%
10 jan 2023OPEC pricing power limits downside risks to oil prices, Goldman says | Financial Post+6,9%
5 dec 2016The good oil on grain prices… - Grain Central-0,3%
20 sep 2023Goldman Sachs Says Oil’s Going Back to $100 as OPEC+ Cuts - Bloomberg-1,1%

Ruwe olie (WTI)▲opwaartsTOT NU TOE1d +1,5%5d +2,8%20d -0,4%

Na 487 eerdere opwaarts macro-gebeurtenissen bewoog Ruwe olie (WTI) zich mediaan +1,0% over 5 sessies (60% hoger; middelste helft -2,0% tot +4,0%), en +1,5% over 20.

11 apr 2018Strong Demand, Not OPEC, Is Pushing Oil Prices Higher | OilPrice.com+1,6%
20 okt 2026Canadian dollar outlook: oil prices and Fed signals drive the loonie By Investing.com-0,2%
27 jan 2025Renewed inflation worries help drive oil price rally | Reuters-2,8%
10 jan 2023OPEC pricing power limits downside risks to oil prices, Goldman says | Financial Post+7,4%
28 apr 2022Why diesel prices are driving up the cost of everything+5,7%

Bewegingen van de benchmark van elke grondstof sinds de laatste slotkoers vóór de gebeurtenis. Historische waarden bundelen eerdere gebeurtenissen van hetzelfde soort; ze beschrijven wat er gebeurde, niet wat zal gebeuren. Geen beleggingsadvies.

Ruwe olie (Brent) BRENT · GP ▸

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Ruwe olie (WTI) WTI · GP ▸

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