Macro
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month values ▾
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|
| +0.10 | +0.10 | +0.10 | +0.10 | +0.15 | +0.15 | +0.15 | +0.15 | -0.55 | -0.64 | -0.50 | -0.68 |
The energy sector is sharply bullish this month, driven by OPEC’s decision to more than double oil prices to $11.65, quadrupling the rate in just ten weeks. This aggressive pricing power is further underscored by Iran’s successful auction of oil at a striking $17 per barrel, signaling strong demand and constrained supply. Together, these moves reflect tightening market conditions and heightened producer leverage.
How this mood is scored ▾
Saudi Arabia and other Arab oil producers have embargoed oil exports to the United States and increased crude prices significantly, with a 17% rise in market price and a 70% hike in posted prices. This move pressures U.S. energy supply, potentially necessitating rationing, as Middle East imports account for about 6% of U.S. consumption. The pricing changes also shift royalty benefits toward Arab producers, reducing Western oil companies' profit margins.