Call 800 665 0411 to learn about our services for your stock

Search   Follow Investorideas on Twitter   Investorideas is on Facebook   Investorideas is on Youtube   Investorideas is on Pinterest  Investorideas is on stocktwits   Investorideas is on tumblr   Investorideas is on LinkedIn   Investorideas Instagram   Investorideas Telegram   Investorideas Gettr   Investorideas RSS

Share on StockTwits

Oil falls after a hot weekend and continued negative sentiment about the course of monetary policy

Market analysis on behalf of Samer Hasn Market Analyst and part of the Research Team at


April 15, 2024 ( Newswire) Crude oil is declining across both major benchmarks at the start of the new week's trading, by approximately 1% for Brent and WTI, respectively, at 8:00 a.m. GMT.

Today's oil decline comes after a weekend that witnessed an unprecedented expansion of the conflict in the Middle East, in addition to relatively weak hope about the possibility of the Federal Reserve cutting interest rates in June.

We had witnessed the beginning of a new phase of conflict in the Middle East, with Iran directly joining the ongoing war, away from the shadow wars.

Meanwhile, the Iranian response to the targeting of its consulate appeared to be wise and calibrated so as not to drag the region into a wide regional war that cannot be contained. This is what the markets have been expecting over the past few days and are actually pricing in, and this explains the poor performance of the oil markets today.

I think that what the markets may fear today is the opposite response from the Israeli side, which may be extremely reckless, unexpected, and without any strategic goal other than keeping Benjamin Netanyahu at the head of the war government, in contrast to the declared goals of the active actors, whether the United States or Iran.

On the economic side, frustration prevails about the possibility of the beginning of the easing path of the Federal Reserve’s monetary policy next June, while more and more postponement of interest rate cuts may keep the growth of the global economy weak, as well as the demand for oil. While the probability that the Fed will cut rates by 25 basis points is only about 21%, after it was more than 50% just a week ago, according to CME FedWatch Tool.

This shift in expectations has contributed to pushing Treasury yields further higher, which they also resumed today. While the continued trend of rising yields will contribute to fueling the rise in the US dollar, which may stand in the way of oil benefiting from the positive factors.

The focus is now turning to a set of crucial data from China tomorrow morning, whether from gross domestic product, industrial production, fixed asset investments, and labor market figures.

Many previous readings from the largest oil importers have already helped support crude prices, while more positive surprises tomorrow may push to more high levels, which will mix with worsening geopolitical concerns at the same time.

More Info: Newswire

This news is published on the Newswire - a global digital news source for investors and business leaders

Disclaimer/Disclosure: is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.

More disclaimer info: Learn more about publishing your news release and our other news services on the newswire

Global investors must adhere to regulations of each country. Please read privacy policy:

That's all it takes to get an article published on Investor Ideas - Learn More

Get more Oil and Gas - news, articles, and stock directories

Buy a energy guest post on