Where Oil Prices, Energy Stocks Could Go in Quarter 4

Oil prices and energy stocks experienced a powerful bull market in the first half of 2022, while equities, bonds and other assets were all under pressure.

More significantly, energy prices were rising despite a strong US dollar. There was clearly a supply/demand imbalance and the geopolitical turmoil between Russia and Ukraine obviously didn’t help matters.

However, the third quarter is not the same story.

Oil prices are down more than 37% from their second quarter high and are down 27% so far this quarter.

Leave a Reply

Your email address will not be published.