{"id":13393,"date":"2016-05-24T21:01:06","date_gmt":"2016-05-25T01:01:06","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=13393"},"modified":"2016-05-24T21:01:06","modified_gmt":"2016-05-25T01:01:06","slug":"the-black-swan-event-that-could-send-oil-to-us25-a-barrel-business-insider","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2016\/05\/24\/the-black-swan-event-that-could-send-oil-to-us25-a-barrel-business-insider\/","title":{"rendered":"The ‘black swan event’ that could send oil to $US25 a barrel | Business Insider"},"content":{"rendered":"

\"\"<\/a><\/p>\n

From Elena Holodny | May 24, 2016, 10:13 AM<\/p>\n

Both WTI crude and Brent crude were around $US48 per barrel on Monday, well above their lows below $US30 per barrel earlier this year. But all of that may come crashing down if one \u201cblack swan event\u201d transpires, argued a Bank of America Merrill Lynch global commodities research team.<\/p>\n

From their recent note to clients (emphasis ours): “Global GDP in US dollar terms at market exchange rates is stagnant. Continued US dollar strength could force Saudi Arabia either to cut oil production modestly and push Brent back to $50 or de-peg the Saudi riyal, our black swan event, which could lead Brent to collapse to $25\/bbl.” <\/p>\n

While this certainly sounds ominous for the oil market, it\u2019s worth noting that analysts and financiers are split on whether the Saudis will actually de-peg their currency and undo the current fixed exchange rate with the US dollar….<\/p><\/blockquote>\n

Source: The ‘black swan event’ that could send oil to $US25 a barrel | Business Insider<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

From Elena Holodny | May 24, 2016, 10:13 AM Both WTI crude and Brent crude were around $US48 per barrel on Monday, well above their lows below $US30 per barrel earlier this year. But all of that may come crashing down if one \u201cblack swan event\u201d transpires, argued a Bank of America Merrill Lynch global … <\/p>\n

Continue reading “The ‘black swan event’ that could send oil to $US25 a barrel | Business Insider”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[44],"tags":[495,3037,3713],"class_list":["post-13393","post","type-post","status-publish","format-standard","hentry","category-crude-oil-natural-gas","tag-brent-crude","tag-saudi-riyal","tag-wti-crude"],"yoast_head":"\nThe 'black swan event' that could send oil to $US25 a barrel | Business Insider - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The 'black swan event' that could send oil to $US25 a barrel | Business Insider - the patient investor\" \/>\n<meta property=\"og:description\" content=\"From Elena Holodny | May 24, 2016, 10:13 AM Both WTI crude and Brent crude were around $US48 per barrel on Monday, well above their lows below $US30 per barrel earlier this year. 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The crude oil market is in contango, with\u2026","rel":"","context":"In "Crude Oil & Natural Gas"","block_context":{"text":"Crude Oil & Natural Gas","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/crude-oil-natural-gas\/"},"img":{"alt_text":"Nymex WTI Light Crude and Brent Crude","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-03-05-crude.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-03-05-crude.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-03-05-crude.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":435,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/08\/24\/brent-crude-ignores-good-news\/","url_meta":{"origin":13393,"position":3},"title":"Brent Crude ignores good news","author":"ColinTwiggs","date":"August 24, 2011","format":false,"excerpt":"Brent crude is stubbornly holding above support at $104\/$105 per barrel despite the promise of an early resolution to the conflict in Libya. Even WTI Light crude [lime] recovered slightly after improved manufacturing orders in the US. But the primary trend is down and failure of support at $104 would\u2026","rel":"","context":"In "Gold & Commodities"","block_context":{"text":"Gold & Commodities","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":45764,"url":"https:\/\/thepatientinvestor.com\/index.php\/2023\/11\/28\/gold-rises-on-dollar-weakness-while-crude-falls\/","url_meta":{"origin":13393,"position":4},"title":"Gold rises on Dollar weakness while crude falls","author":"Colin Twiggs","date":"November 28, 2023","format":false,"excerpt":"Ten-year Treasury yields continue to test support at 4.40%. Breach would offer a target of 4.0%. Falling long-term yields would be bearish for the Dollar. Breach of 103 on the Dollar Index would offer a target of 100. The weak Dollar is obviously bullish for Gold which has now reached\u2026","rel":"","context":"In "Banks & Interest Rates"","block_context":{"text":"Banks & Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"10-Year Treasury Yield","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-11-27-tnx.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-11-27-tnx.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-11-27-tnx.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":11949,"url":"https:\/\/thepatientinvestor.com\/index.php\/2015\/06\/17\/crude-where-next\/","url_meta":{"origin":13393,"position":5},"title":"Crude: Where next?","author":"ColinTwiggs","date":"June 17, 2015","format":false,"excerpt":"Nymex Light Crude plotted against CPI gives an historical perspective on current crude prices: high prior to China's entry into the global energy market, but low relative to prices since then. Expect strong support at the 2008 low. Has fracking permanently suppressed oil prices, or will production dwindle over time\u2026","rel":"","context":"In "Crude Oil & Natural Gas"","block_context":{"text":"Crude Oil & Natural Gas","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/crude-oil-natural-gas\/"},"img":{"alt_text":"Nymex WTI Light Crude and Brent Crude","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-06-18-crude-cpi.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-06-18-crude-cpi.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-06-18-crude-cpi.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/13393","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=13393"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/13393\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=13393"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=13393"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=13393"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}