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Oil Producers In, Facebook Out, Says Gundlach

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Gundlach recommended today betting on ETFs that track oil and gas explorers and producers, and betting against Facebook. 

The worst is not over for Facebook, according to Gundlach.

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What are the main factors determining oil besides sentiments of geopolitical stability . How to predict potential movement of oil prices 

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On 4/23/2018 at 5:30 PM, Paramendra said:

What are the main factors determining oil besides sentiments of geopolitical stability . How to predict potential movement of oil prices 

@Paramendra - It's pretty much impossible to predict oil price movements, but there are a few things that will move the needle.

I'm sure others will add to this list:

  • US crude oil inventory reports (API, EIA)
  • US rig count (Baker Hughes)
  • US oil exports
  • OPEC Monthly Oil Market Report (OPEC)
  • Trump Tweets regarding China, Iran, Russia, Venezuela, energy policy
  • OPEC production cut chatter
  • Crude oil export shifts, or promises by oil-producing nations to curb/expand oil exports
  • Value of the dollar

 

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