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Middle East Conflict

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Crude Oil Analysis: Upside Risk Persists

Crude Oil Outlook: In October 2024, open interest on Brent oil options surged to a record high as markets hedge against supply concerns stemming from the Middle East, the region that holds nearly 55% of global oil reserves.

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S&P 500 rally threatened as geopolitics enters the ring: The Week Ahead

Tensions surrounding the Middle East has unsettled markets. US indices such as the S&P 500 are on track for their worst week of the year, crude oil reached a fresh YTD high and the risk-off sentiment was even enough to knock gold from its record. Traders therefore need to be on guard for headline risks surrounding the Middle East next week, alongside the usual bouts of economic data and central bank meetings.

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Crude oil outlook remains bullish despite recent weakness

Crude oil outlook boosted above all by OPEC+ supply cuts/ Supply fears re Middle East could intensify again. Oil prices are demand inelastic, which means downside should be limited from fears about weakening global economy.

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S&P 500 outlook: Stocks face bumpy road as macro risks remain

US index futures retreated along with European indices in the first half of Tuesday’s session. Once again, the bulls were unable to charge higher, after global indices rose on Monday. While there is a chance we could still see the markets climb higher once US investors come to the fray, even then, I am not so sure we will see a long-lasting rally.

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