Podcast by J.P. Morgan analysts on global markets, At Any Rate

At Any Rate

Podcast by J.P. Morgan analysts on global markets

Analysts from J.P. Morgan’s Research team take a closer look at the stories behind some of the biggest trends, themes and developments in markets today.

Commodities

<ul><li>Wall Street sell-side analysts discuss feedback and questions policies regarding oil price divergence in 2025</li><li>Consensus view among analysts suggests bearish sentiment in equity energy investors compared to forecasts</li><li>Market projections indicate potential tighter global oil balances and reduced likelihood of disorderly price collapse following OPEC meeting in early December 2024.</li></ul><p><em>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.</em></p>

Wall Street sell-side analysts discuss feedback and questions policies regarding oil price divergence in 2025Consensus view among analysts suggests bearish sentiment in equity energy investors compared to forecastsMarket projections indicate potential tighter global oil balances and reduced likelihood of disorderly price collapse following OPEC meeting in early December 2024.This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Oil and Gas, Mint Finance

Suhas Reddy

Oil and Gas

Deep Fundamental Analysis

Mint Finance

Mint Finance's investment research blends deep fundamental analysis with technical & quant insights. Investment strategies straddle across multiple asset classes with risk management embedded into every trade to deliver an outsized reward-to-risk ratio.

Mint Finance's research is centered around three key themes. First, energy transition and climate change. Second, artificial intelligence. Third, shifting world order with its impact across politics and monetary economics.

<ul>
<li>For the week ending 13/Dec, US crude inventories fell by 0.9m barrels, missing forecasts. Gasoline stocks rose more than anticipated, while distillate inventories declined more than expected.</li>
<li>US natural gas inventories fell by 125 Bcf for the week ending 13/Dec, beating analyst expectations of a 123 Bcf drawdown. Inventories are 3.8% above the 5-year seasonal average.</li>
<li>Major analysts lowered their 12-month PTs on Exxon, SLB, Halliburton, and Occidental. Also, Barclays downgraded its rating on Halliburton to Equalweight from Overweight.</li>
</ul>


For the week ending 13/Dec, US crude inventories fell by 0.9m barrels, missing forecasts. Gasoline stocks rose more than anticipated, while distillate inventories declined more than expected.
US natural gas inventories fell by 125 Bcf for the week ending 13/Dec, beating analyst expectations of a 123 Bcf drawdown. Inventories are 3.8% above the 5-year seasonal average.
Major analysts lowered their 12-month PTs on Exxon, SLB, Halliburton, and Occidental. Also, Barclays downgraded its rating on Halliburton to Equalweight from Overweight.


[ETP 2024/51] Fed’s Hawkish Tone Drags WTI Prices, Henry Hub Soars on Rising LNG Exports

Quantitative Researcher, MRM Research

Nico Rosti

Quantitative Researcher

MRM Research

Quantitative Research

Equity Derivatives

<ul>
<li>
<a href="https://www.smartkarma.com/entities/crude-oil" target="_blank" data-smartkarma-citation="entities:22869:1" rel="noopener">Crude Oil (CL1)</a> has been steadily downtrending since June 2022. More recently (from the start of October) a flat bottom started to form, with attempts to rise higher.</li>
<li>The front-month future (Feb25) is range bound at the moment, between 71 (top) and 66 (bottom).</li>
<li>Our models see a strong barrier at 73, and a decent support at 67 for the next 2 weeks, check the insight to get all the details.</li>
</ul>



Crude Oil (CL1) has been steadily downtrending since June 2022. More recently (from the start of October) a flat bottom started to form, with attempts to rise higher.
The front-month future (Feb25) is range bound at the moment, between 71 (top) and 66 (bottom).
Our models see a strong barrier at 73, and a decent support at 67 for the next 2 weeks, check the insight to get all the details.


EQD | Crude Oil Hitting a Wall Before $73 - Eyeing $67 on the Pullback

<ul>
<li>WTI futures rose 6.1% for the week ending 13/Dec, driven by China's policy easing plans and supply concerns from sanctions on Russia and Iran.</li>
<li>WTI options Put/Call volume ratio fell 1.15 from 1.24 (06/Dec) last week, as call volume rose by 21.7% WoW while put volume increased by 12.6%.  </li>
<li>WTI OI PCR fell to 0.85 from 0.88 last week. Call OI rose by 7.0% WoW, while put OI increased by 3.3%.</li>
</ul>


WTI futures rose 6.1% for the week ending 13/Dec, driven by China's policy easing plans and supply concerns from sanctions on Russia and Iran.
WTI options Put/Call volume ratio fell 1.15 from 1.24 (06/Dec) last week, as call volume rose by 21.7% WoW while put volume increased by 12.6%.  
WTI OI PCR fell to 0.85 from 0.88 last week. Call OI rose by 7.0% WoW, while put OI increased by 3.3%.


[US Crude Oil Options Weekly 2024/50] WTI Gains on China Optimism and Sanction-Driven Concerns

Global Commodities, Mint Finance

Srinidhi Raghavendra

Global Commodities

<ul>
<li>The US oil and gas rig count remained unchanged at 589 for the week ending on 13/Dec, after rising by seven the previous week.</li>
<li>For the week ending 06/Dec, US oil production rose to a new high of 13.63m bpd from 13.50m bpd the week prior.</li>
<li>The number of active US oil rigs was steady at 482, while the US gas rig count rose by one to 103.</li>
</ul>


The US oil and gas rig count remained unchanged at 589 for the week ending on 13/Dec, after rising by seven the previous week.
For the week ending 06/Dec, US oil production rose to a new high of 13.63m bpd from 13.50m bpd the week prior.
The number of active US oil rigs was steady at 482, while the US gas rig count rose by one to 103.


US Rig Count Steady After Strong Surge Last Week

United States

Crude oil is a naturally occurring, unrefined petroleum product composed of hydrocarbon deposits and other organic materials. Crude oil can be refined to produce usable products such as gasoline, diesel and various forms of petrochemicals. It is a nonrenewable resource, also known as a fossil fuel, which means that it can't be replaced naturally at the rate we consume it and is therefore a limited resource.

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Crude Oil (CL1 COM COMDTY)

Global Commodities: The biggest pushback

Wall Street analysts discuss feedback and question policy on oil prices, with a consensus view for 2025 ranging from $60 to $95 amidst bearish...

At Any Rate

[ETP 2024/51] Fed’s Hawkish Tone Drags WTI Prices, Henry Hub Soars on Rising LNG Exports

US crude inventories fell, but gasoline stocks rose and natural gas inventories beat expectations. Major analysts lowered PTs on Exxon, SLB,...

Mint Finance

EQD | Crude Oil Hitting a Wall Before $73 - Eyeing $67 on the Pullback

Crude Oil has been forming a flat bottom since October. The front-month future is range bound between 71 and 66, our models see a strong barrier...

Nico Rosti

[US Crude Oil Options Weekly 2024/50] WTI Gains on China Optimism and Sanction-Driven Concerns

WTI futures surged 6.1% on China policy easing and supply concerns from Russia and Iran sanctions. Put/Call volume ratio dropped as call volume...

Mint Finance

US Rig Count Steady After Strong Surge Last Week

US oil and gas rig count holds steady as US oil production reaches new high. The number of active US oil rigs was steady at 482, while the US gas...

Mint Finance

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Global Commodities: The biggest pushback

Wall Street analysts discuss feedback and question policy on oil prices, with a consensus view for 2025 ranging from $60 to $95 amidst bearish...

At Any Rate

[ETP 2024/51] Fed’s Hawkish Tone Drags WTI Prices, Henry Hub Soars on Rising LNG Exports

​US crude inventories fell, but gasoline stocks rose and natural gas inventories beat expectations. Major analysts lowered PTs on Exxon, SLB,...

Mint Finance

EQD | Crude Oil Hitting a Wall Before $73 - Eyeing $67 on the Pullback

​Crude Oil has been forming a flat bottom since October. The front-month future is range bound between 71 and 66, our models see a strong barrier...

Nico Rosti

[US Crude Oil Options Weekly 2024/50] WTI Gains on China Optimism and Sanction-Driven Concerns

​WTI futures surged 6.1% on China policy easing and supply concerns from Russia and Iran sanctions. Put/Call volume ratio dropped as call volume...

Mint Finance

US Rig Count Steady After Strong Surge Last Week

​US oil and gas rig count holds steady as US oil production reaches new high. The number of active US oil rigs was steady at 482, while the US gas...

Mint Finance

US crude inventories fell, but gasoline stocks rose and natural gas inventories beat expectations. Major analysts lowered PTs on Exxon, SLB,...

Crude Oil has been forming a flat bottom since October. The front-month future is range bound between 71 and 66, our models see a strong barrier...

WTI futures surged 6.1% on China policy easing and supply concerns from Russia and Iran sanctions. Put/Call volume ratio dropped as call volume...

US oil and gas rig count holds steady as US oil production reaches new high. The number of active US oil rigs was steady at 482, while the US gas...