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Oil pares gain as OPEC meets to assess production and virus
Oil pared a hefty gain with OPEC ministers gathering amid booming volatility.
Gold Likely to Fall to Around $1,700, CBA's Dhar Says
Vivek Dhar, mining and energy economist at Commonwealth Bank of Australia, discusses the outlook for oil, iron ore and gold. Gold erased gains after Federal Reserve Chair Jerome Powell said the strong U.S. economy and elevated inflation could warrant ending the central bank's asset purchases sooner than planned next year. Dhar speaks on "Bloomberg Daybreak: Asia."
Alberta deficit to shrink as oil price surge drives growth
Alberta slashed its deficit forecast for the current fiscal year by 68 per cent as surging oil prices drive economic growth in the western Canadian province.
Oil will fall dramatically in the short-term but it could reach $90 by the end of 2022: Wells Fargo's Wren
Scott Wren, senior global equity strategist at Wells Fargo Investment Institute, joins BNN Bloomberg to talk Omicron fears impacting oil and equities. Wren advises investors to find balance between cyclicals and growth. His team has downgraded the energy sector as it has had a long run and instead is adding more technology and communication services.
OPEC+ could use this variant as their 'get out of jail free' card to delay production: Strategist
Markets are beginning to rally after Friday's sell-off, and the energy sector could see the price of oil return depending on the severity of the COVID variant. Art Hogan, chief market strategist at National Securities Corporation joins BNN Bloomberg to discuss his investment outlook.
There’s still plenty of tailwinds for oil to get back to $80: Prosper Trading Academy's Bauer
Scott Bauer, CEO of Prosper Trading Academy, joins BNN Bloomberg for his outlook on the oil market ahead of this week's OPEC+ meeting, and why he sees the price of crude heading back to US$80.
OPEC+ is in control, this selloff in oil is not the same as March 2020: Canoe Financial's Tahmazian
Rafi Tahmazian, senior portfolio manager at Canoe Financial, joins BNN Bloomberg for his outlook the sell-off in oil and why this time is different than March 2020. He also discusses the implications of CER rejecting Enbridge's Mainline tolling proposal, and how that will effect producers going forward.
Oil’s Black Friday: Algos, options turn a tumble into a crash
Black Friday turned red very quickly for global oil markets.
The worst likely COVID-19 variant scenario is fully being baked into the oil price: Portfolio manager
Eric Nuttall, partner and senior portfolio manager at Ninepoint Partners, joins BNN Bloomberg to discuss the challenges ahead of oil amid renewed concerns over of the new COVID-19 variant. He notes stocks at the moment are trading at a deep discount to what true value is.