皇冠手机网址(www.hg9988.vip):Biggest oil stock ETF sees short sellers unwind bets after rout

Telegram引流软件www.tel8.vip)是一个Telegram群组分享平台。Telegram引流软件包括Telegram引流软件、telegram群组索引、Telegram群组导航、新加坡telegram群组、telegram中文群组、telegram群组(其他)、Telegram 美国 群组、telegram群组爬虫、电报群 科学上网、小飞机 怎么 加 群、tg群等内容。Telegram引流软件为广大电报用户提供各种电报群组/电报频道/电报机器人导航服务。

Oil prices have tumbled more than 20% since mid-June to around US$95 (RM423) a barrel amid mounting speculation that a recession, China Covid lockdowns, and consumer cutbacks in the face of high petrol prices could hurt demand. Investors pulled US$1.7bil (RM7.6bil) from energy funds since January.

NEW YORK: Money managers rolled back bets against the biggest exchange-traded fund (ETF) focused on oil-company stocks, signalling speculation that the price of crude is at least temporarily bottoming out after sliding sharply since last month.

Short sellers piled on to the US$33bil (RM147bil) Energy Select Sector SPDR Fund (ticker XLE), the biggest ETF focused on large-cap US energy stocks, as it rose along with the price of oil.

But after the energy rally reversed, delivering profits to those betting against the ETF, traders closed out positions, cutting the number of shares sold short by 14% over the past 30 days, according to data compiled by S3 Partners.

“ETF short sellers are actively trimming their short exposure – possibly looking for a bottom in the market and removing some of their downside bets,” said Ihor Dusaniwsky, S3’s head of predictive analytics.

Oil prices have tumbled more than 20% since mid-June to around US$95 (RM423) a barrel amid mounting speculation that a recession, China Covid lockdowns, and consumer cutbacks in the face of high petrol prices could hurt demand.

Investors pulled US$1.7bil (RM7.6bil) from energy funds since January.

But some money managers say energy-based ETFs now look like bargains, citing the tight oil and gas market, producers’ high profits and growing optimism that any US recession will be shallow. XLE is now down more than 20% from its June peak.

,

皇冠手机网址www.hg9988.vip)是一个开放皇冠手机网址即时比分、皇冠手机网址代理最新登录线路、皇冠手机网址会员最新登录线路、皇冠网址代理APP下载、皇冠网址会员APP下载、皇冠网址线路APP下载、皇冠网址电脑版下载、皇冠网址手机版下载的皇冠新现金网平台。

,

“Investors were locking in profits, but for some there were concerns over a softer economic growth,” said Aniket Ullal, head of data and analytics at CFRA Research.

“As we have more clarity on China reopening and the pace of global economic growth, investors will have more price support for oil and energy ETFs.”

But there’s still a lot of uncertainty, leading to some extremely divergent calls on global oil prices.

Ed Morse, global head of commodities research at Citigroup Inc, has said that global economic slowdowns and robust supply growth mean crude prices are moving “more towards US$50 (RM223) over time than US$150 (RM668), absent producer interventions.”

Early this month, JPMorgan Chase & Co analysts said oil could reach US$380 (RM1,692) if US and European penalties over the Ukraine war prompt Russia to inflict retaliatory output cuts.

With crude still hovering around US$100 (RM445), ETFs containing oil stocks look like good bets, said Mark Stoeckle, Adams Funds’ chief executive officer, who manages the Adams Natural Resources Fund.

“At US$90 (RM401) per barrel energy companies are printing money and it’s impossible to find a sector with free cashflows higher,” he said.

  • 评论列表:
  •  足球预测网(www.hgbbs.vip)
     发布于 2022-12-21 00:10:21  回复
  • allbet欧博真人客户端给你跪了

    •  望故事予你
       发布于 2022-12-26 06:26:00  回复
    • 当地时间3月18日,乌克兰总统办公室主任顾问、俄乌谈判乌方代表团成员波多利亚克在社交网站发文称,乌克兰在谈判中的立场是不变的,即要求停火、俄方撤军和具体的安全保障方案。下次早点来

添加回复:

◎欢迎参与讨论,请在这里发表您的看法、交流您的观点。