bullish

Crude Oil

Quick Views: Crude's Panicky Sell-Off Overdone; Presents Buying Opportunity

Vandana has highlighted this Insight as a Top Pick
206 Views29 Nov 2021 10:33
SUMMARY
  • Crude's 12-13% crash on Friday as markets were spooked by news of a new highly mutated variant was overdone, factoring in the worst-case scenario. It presents a buying opportunity.
  • Information on the omicron variant is still thin. The South African doctor who first flagged the mutant strain said over the weekend that the fear is unjustified, symptoms are "mild".
  • OPEC+ may now consider a pause in its monthly output increments or even a deeper cut, which will be supportive of crude.
Begin exploring Smartkarma's AI-augmented investing intelligence platform with a complimentary Preview Pass to:
  • Unlock research summaries
  • Follow top, independent analysts
  • Receive personalised alerts
  • Access Analytics, Events and more

Join 55,000+ investors, including top global asset managers overseeing $13+ trillion.

Upgrade later to our paid plans for full-access.

or
Already have an account? Sign In Now
Discussions
(Paid Plans Only)
chart-bar
x