Crude Oil LongWTI's price broke through the 200-day MA. In the next few days, we should also see the breakup in the 50-day MA versus the 100-day MA.
Energy stocks will benefit from the price swing in Q1 2025. Look at XOM, BKR, CVX
The Chinese government's introduction of ultra-long special government bonds to boost infrastructure spending and consumer demand has heightened expectations for increased oil consumption.
Saudi Arabia and OPEC+ have continued their production cuts, tightening supply. Saudi Arabia raised the price of its flagship Arab Light crude for February by $0.60 per barrel.
The outlook for February 2025 is bullish for oil. We should expect continuing supply constraints. OPEC+ production cuts and sanctions on major oil producers like Iran and Russia are expected to persist, maintaining a tight supply environment.
The incoming Trump administration's potential tightening of sanctions on Iran could significantly reduce Iranian crude exports, further constraining supply.
