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OPEC+ Sticks to Its Tight Supply Plan, So What Now?

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OPEC+ is not adjusting its (perhaps too gradual) uplift in supply, sending the WTI to its highest since 2014 (and for Brent since 2018).

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Market Analysis

The surge in oil and gas prices threatens to extend the rise in energy prices in general, and consequently to worsen the levels of inflation observed in the United States and Europe. Thus, central banks are under further pressure to tighten their monetary policies quickly. This galloping inflation also frightens the tech sector, whose cash needs are very important. Regarding natural gas, the onset of winter with colder temperatures could further accelerate the shift in demand from gas to oil.

In short, since energy is the heart of the global economy, if inflationary prices are accelerating further, they could lead to a global state of tachycardia, which would rapidly spread to other sectors and, consequently, threaten the entire economy… it’s not impossible, though, to navigate through such dangerous waters with profits. Detailed positions for oil/natural gas trading can be found in my premium Oil Trading Alerts.

Keeping an eye on everything energy-related emerging on the horizon and holding the helm firmly during the storm is what I do when cruising through charts — especially at sea full of black waters.

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Thank you.

Sebastien Bischeri

Oil & Gas Trading Strategist

The information above represents analyses and opinions of Sebastien Bischeri, & Sunshine Profits' associates only. As such, it may prove wrong and be subject to change without notice. At the time of writing, we base our opinions and analyses on facts and data sourced from respective essays and their authors. Although formed on top of careful research and reputably accurate sources, Sebastien Bischeri and his associates cannot guarantee the reported data's accuracy and thoroughness. The opinions published above neither recommend nor offer any securities transaction. Mr. Bischeri is not a Registered Securities Advisor. By reading Sebastien Bischeri’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Sebastien Bischeri, Sunshine Profits' employees, affiliates as well as their family members may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.