Macro
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month values ▾
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|
| -0.85 | -0.90 | -0.70 | -0.55 | -0.45 | -0.40 | -0.40 | -0.40 | -0.58 | -0.15 | -0.27 | +0.10 |
Energy sentiment is sharply negative this month, driven primarily by oil prices collapsing to $26 per barrel—the lowest in 13 years—slamming upstream producers and exploration budgets. The rout reflects oversupplied markets and weakened demand growth, overwhelming any support from broader macro easing.
How this mood is scored ▾
OPEC reached a preliminary agreement to cut production to 32.5–33 million barrels per day, lifting oil prices over 6% and benefiting producers like Saudi Arabia and Exxon Mobil. Iran is exempt from freezing output, and final quotas will be set in November, marking a shift toward supply management with potential market-wide implications for oil prices and energy sector revenues.
OPEC agreed to cut oil production by 1.2 million barrels per day, its first reduction since 2008, with non-OPEC members like Russia committing to additional cuts of 600,000 barrels daily. The move aims to rebalance global supply and stabilize prices, supported by expectations of rising oil demand and declining non-OPEC output. Market implications include higher oil futures and potential stabilization of energy markets in 2017.