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PieTrader

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Catalyst Price Day [%] Week [%] Month [%] Year [%]
oil_brent 74.7 -0.4 0.1 -6.5 -8.4

General Overview

Brent oil is one of the most sought after commodities in the world today. Its applications range from energy production to its application as a feedstock for transportation fuels and petrochemical products such as plastics, solvents and adhesives. As a result, the oil industry is one of the most powerful sectors of the world economy, and changes in benchmark oil prices have a major impact on almost all sectors of production and consumption. More than four billion tons of oil are produced worldwide each year, with the Middle East having the largest share of proven oil reserves, close to 50%.


Price Movement Overview and Analysis

After six straight days of declines, Brent crude oil futures dropped to $78 a barrel, but they were still down more than 3% for the week, the most since November, primarily as a result of President Trump's demand for lower crude prices. During his remarks at the Davos meeting on Thursday, Trump stated plans to push OPEC and Saudi Arabia to lower oil prices and took steps to increase US output. Trump raised concerns about global economic growth and oil demand at the same time by threatening to impose tariffs on China, Canada, and Mexico. According to EIA data, US oil stockpiles dropped by 1 million barrels last week, falling below the five-year seasonal average and continuing their ninth straight reduction. Meanwhile, distillate fuel stocks saw a sharp drop, while gasoline inventories continued to rise.


Forecast Supply and Demand or Reserves position

Brent crude prices reversed earlier gains and sank about 1% to below $87 per barrel on Friday, as forecasts of ongoing robust Russian supply outweighed better-than-expected fourth-quarter US GDP figures and optimism for continued demand improvement in major petroleum importer China. Oil loadings from Russia's Baltic ports are expected to increase by 50% in January compared to the previous month, as exporters try to fulfill high demand in Asia while benefiting from increased global energy prices. Traders speculated that Urals and KEBCO crude oil loadings from Ust-Luga between February 1 and 10 could increase to 1.0 million tonnes, up from 0.9 million in January. Meanwhile, when OPEC meets next, it is expected to maintain current oil output levels, keeping supplies tight. For the week, the US oil benchmark is down more than 1%.





List of stocks with OIL_BRENT as MAIN catalyst
Stock PER Code Industry
SUGI -45.87 A1.1 Crude Petroleum & Natural Gas Production
ENRG 4.94 A1.1 Crude Petroleum & Natural Gas Production
MEDC 4.94 A1.1 Crude Petroleum & Natural Gas Production
PGAS 7.74 A1.1 Crude Petroleum & Natural Gas Production
CGAS 14.82 A1.1 Crude Petroleum & Natural Gas Production
RATU 100.60 A1.1 Crude Petroleum & Natural Gas Production
IATA 4.36 A1.2 Coal Mining
List of stocks with OIL_BRENT as SUPPORTING catalyst
Stock PER Code Industry
PKPK -70.17 A1.3 Supporting Industries - Oil, Gas & Coal
WOWS -30.57 A1.3 Supporting Industries - Oil, Gas & Coal
RMKO -11.22 A1.3 Supporting Industries - Oil, Gas & Coal
INPS -7.89 A1.3 Supporting Industries - Oil, Gas & Coal
ARTI -2.41 A1.3 Supporting Industries - Oil, Gas & Coal
OBMD 3.07 A1.3 Supporting Industries - Oil, Gas & Coal
ELSA 4.31 A1.3 Supporting Industries - Oil, Gas & Coal
CTBN 5.11 A1.3 Supporting Industries - Oil, Gas & Coal
SUNI 7.95 A1.3 Supporting Industries - Oil, Gas & Coal
SICO 7.96 A1.3 Supporting Industries - Oil, Gas & Coal
MAHA 9.50 A1.3 Supporting Industries - Oil, Gas & Coal
RUIS 10.71 A1.3 Supporting Industries - Oil, Gas & Coal
AKRA 12.31 A1.3 Supporting Industries - Oil, Gas & Coal
CRSN 18.66 A1.3 Supporting Industries - Oil, Gas & Coal
APEX 20.54 A1.3 Supporting Industries - Oil, Gas & Coal
MKAP 21.11 A1.3 Supporting Industries - Oil, Gas & Coal
UNIQ 24.03 A1.3 Supporting Industries - Oil, Gas & Coal
RGAS 44.69 A1.3 Supporting Industries - Oil, Gas & Coal
ATLA 61.73 A1.3 Supporting Industries - Oil, Gas & Coal
BIPI 73.45 A1.3 Supporting Industries - Oil, Gas & Coal
PTRO 666.67 A1.3 Supporting Industries - Oil, Gas & Coal
CBRE -5.64 K2.2 Logistics & Deliveries
List of stocks with OIL_BRENT as COST DRIVER catalyst
Stock PER Code Industry
TAXI -19.44 K1 Transportation
LRNA -1.86 K1 Transportation
GIAA -1.59 K1 Transportation
CMPP -1.07 K1 Transportation
SAFE 3.06 K1 Transportation
WEHA 4.94 K1 Transportation
TRJA 5.11 K1 Transportation
BPTR 5.75 K1 Transportation
BIRD 6.88 K1 Transportation
ASSA 8.22 K1 Transportation
HELI 51.10 K1 Transportation