Oil Price vs. U.S. 10-Year Breakeven Inflation Rate Since the 2008 global financial crisis, U.S. breakeven inflation has closely tracked crude oil prices, reflecting the significant impact of oil price fluctuations on inflation expectations and overall economic conditions. Image: Bloomberg
Commodities (Oil, Gold, Copper) – Commodity Net Long Positioning While there are some pressures from rising U.S. Treasury yields and a stronger U.S. dollar, the current landscape for gold positioning is marked by a robust bullish sentiment, with increasing net long positions. Image: Goldman Sachs Global Investment Research
Equity, Bond, FX and Oil Volatility Premiums Volatility premiums have significantly declined across asset classes after the U.S. elections. As election results become known, market uncertainty diminishes, leading to lower volatility premiums and increased stability. Image: Deutsche Bank Asset Allocation
WTI Crude Oil to Gold Ratio Gold shines as the best-performing asset of 2024 for those looking for stability and inflation protection, while oil faces significant challenges from shifting demand patterns. Image: BofA Global Investment Strategy
U.S. Breakeven Inflation Rates vs. Oil U.S. breakeven inflation rates closely track oil prices, creating a complex challenge for the Federal Reserve as it navigates potential deflationary pressures in the coming months. Image: Real Investment Advice
Price of Oil Forecast In contrast to futures market’s expectations, Goldman Sachs forecasts a positive outlook for oil prices over the next 3 months. Image: Goldman Sachs Global Investment Research
Brent Oil Price Brent crude oil prices remain high relative to their levels five years ago, before the pandemic, reflecting past inflation’s impact. Image: J.P. Morgan
Global Oil Demand Growth BofA forecasts that global oil demand will continue to grow, but at a slower pace in the coming years, due to the increasing efficiency of energy technology. Image: BofA Global Research Estimates
Real Oil Price and U.S. Recessions While there has been a rebound in oil prices, they are still below the levels seen in 2022. Image: Goldman Sachs Global Investment Research
U.S. Crude Oil The U.S. days of crude oil supply, including the Strategic Petroleum Reserve (SPR), have decreased to 46 days, which is a 40-year low. Image: BofA Global Investment Strategy
Oil – Brent Fair-Value Model J.P. Morgan expects Brent oil prices to exit the year at $86/bbl. Image: J.P. Morgan