Search Results for: crude oil

U.S. Gross Oil Total Imports and Exports of Crude Oil The United States has surpassed Russia and Saudi Arabia, and is the world’s biggest oil producer. Image: Pictet Wealth Management

The Trade War Effect on Crude Oil This chart shows Chinese imports of crude oil from U.S.. Image: Capital Economics

Crude Oil Reserves in Billion Barrels (Gbbl) The proven oil reserves in Venezuela are recognized as the largest in the world, but by some measures, it is the most miserable economy in the world. Image: howmuch.net

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

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

Oil and Gas – Commodity Price Forecasts BofA expects Brent crude oil prices to reach $100/bbl in September 2022. Image: BofA Global Research

Global Oil Consumption as a % of GDP and Global Recessions Chart suggesting that Brent crude prices need to exceed US$117 to push the global economy into recession. Image: Financial Times

Does Surging Oil Prices Cause Recession? Historically, a rise oil prices can cause recession because high inflation tends to lead to higher interest rates. But nowadays, oil shale production in the US limits the rise in oil prices and makes it possible to avoid a future crisis like the one in 2008.

Commodities – Commodity Prices In a non-recessionary environment, lower U.S. interest rates can lead to an increase in commodity prices, particularly metals, gold, and brent crude oil. Image: Goldman Sachs Global Investment Research

Asset Class Returns in YTD 2019 The S&P 500 Index, US Treasury bonds, gold and crude oil are all positive this year. This situation is quite rare. It never happened before, to have them all up double digits. Image: LPL Research

S&P 500 / WTI Spot Price, Detrended The roughly 30-year cycle in the relationship between U.S. stock market returns and oil prices highlights periods when stocks are either expensive or cheap relative to oil. Image: Gavekal, Macrobond