Oil Producers In, Facebook Out, Says Gundlach

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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