In the Energy Market Drivers report from October 24, GRM analyses the potential impact of the US election on oil prices, the US dollar, and interest rates, noting that election outcomes might have an overstated impact on oil markets. Brent is expected to range-trade, with attention shifting to OPEC+ and production levels for December.
Energy Market Drivers
Press
The market has become too complacent about geopolitics
The October 18, 2024 Energy Market Drivers report highlights Brent stabilising after a tough week, driven by reduced geopolitical risk, oil demand concerns, and market volatility. It also notes a low correlation between EUA and TTF gas, with geopolitical tensions expected to dominate. Hedging strategies are advised for key price ranges.
Geopolitics in focus, but keep an eye on potential downbeat oil market reports
In our latest Energy Market Drivers report from October 04, we discussed that geopolitics would set
the stage the coming week and that one should forget about China, OPEC+ and other fundamental
factors in the oil market.
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