The overall sentiment in oil markets has been greatly buoyed by bumper Q2 profits posted by the likes of ExxonMobil, Chevron, and Shell - and this time around, thanks to falling gasoline prices in the US, there have been no accusations of making more money than God. With all leading oil majors promising either to maintain or intensify share buybacks over the upcoming period, oil stocks have seen a much-needed surge this week. As well as improving confidence, rumors of OPEC+ keeping September production targets unchanged have helped push oil prices higher, with the front-month ICE Brent contract moving up to $110 per barrel. Great for VDE !
Chinese weakness has become the key talking point of the past week. First, the country’s PMI index for August recorded a mere 49.4, roughly in line with July, indicating that the much-anticipated economic activity rebound is still far from becoming real. Second, the return of lockdowns in multi-million megapolises such as Shenzhen or Chengdu will inevitably weigh on oil demand as (once again) no one really knows how long the restrictions will last. Political instability in Iraq has failed to bring about any bullish trend, just as the prospect of an Iran nuclear deal keeps on lingering around without anyone seeing the smaller picture of political guarantees. Until OPEC+ meets on September 05, China-driven demand fears will lead the market narrative, seeing ICE Brent down at $92 per barrel. Great for VDE .
If a recession doesn't severely hit global oil demand, oil prices could return to rally as OPEC+ could counter a return of Iranian oil with new cuts, while Russian supply with the EU embargo could plunge. SPR expected to end in Oct could also push energy prices higher. Great News for VDE investors!
Following several weeks of macro-driven weakness, this week has finally brought something more tangible to oil markets. Namely, a substantial OPEC+ market intervention. Reports put the potential cut in OPEC+ production targets at around the 1 million bpd mark. This potential reduction in OPEC+ production will combine with Russian sanctions kicking in and the US SPR release running its course to add real upward pressure to oil prices. Great for VDE !
25 Day of supply in SPR for US of Diesel ! Is VDE a good investment for remainder of 2022 going into 2023 ? Unless the Administration changes energy policies I see energy particularly Diesel and home heating oil going up along with VDE.
It’s not just exchange-traded fund investors seeing upside. On Friday, BofA Securities reiterated its recommendation to overweight energy. The firm ranks energy as No. 1 in its “tactical sector framework.” Great for VD
I thought I was late back when I recorded this in Feb 2022 and $VDE shot up another 35%! But recently it's pulled back about 10% from those highs. I do think it will continue to go up in the short term because energy will continue to get crunched from the Ukraine/Russia conflict and the current Admin's policies to move away from fossil fuels. A lot of the "experts" on CNBC are still very bullish on energy stocks right now and view this 10% pullback as a macro trend with literally everything selling off right now from stocks, bonds, crypto, etc. I'm not personally buying $VDE as part of my long term hold approach, but it could make for a decent swing trade if you're up for the risk. Thanks so much for watching! **Not financial advice :)
For the second straight week, the main oil futures contracts have seen a marked rejuvenation in open interest, primarily coming from bullish long positions. This suggests that, despite ongoing fears of an economic recession, traders believe that the selloff earlier this month was overdone. This has also translated into the markets largely ignoring the return of Libyan oil. In addition, Europe’s natural gas woes have strengthened demand prospects for middle distillates, with diesel switching in the winter months now a very real possibility. With the Brent-WTI spread as wide as ever, ICE Brent has been flirting with the $107 per barrel mark in today’s trading session. Bullish for VDE
Strong corporate earnings have breathed new life into the oil markets, with most oil majors sticking to their set policy of increasing dividends and ramping up share buybacks. This might not sit well with the White House ahead of the midterm elections as the flurry of optimism has supported oil prices well, with ICE Brent within touching distance of the $100 per barrel psychological barrier. The difficulties that sprang up earlier this week - widespread dumping of Chinese assets amidst Xi Jinping’s re-election, the ECB’s sullen interest rate increase, and many others - appear to have been forgotten, for now. Great for VDE investors.
I wish I had bought some $VDE when I filmed this video. There’s a lot of geopolitical tension around oil dependency on Russia and moving to things like nuclear. All I know is oil prices are surging and will likely continue for some time. $130 a barrel oil prices today. Thanks for watching!
Europe just passed law gas and nuclear are environmental friendly . Bought VDE back in Dec it’s went down some since the high but I believe this ball game is not over yet and continue to add to my position of VDE.
It is not unusual to see oil prices spike in late September as hurricanes ravage the US Gulf of Mexico, yet, despite the horrendous damage done to Florida and other south-eastern states, Hurricane Ian has failed to become a notable factor for crude. And whilst some pricing upside came from US stock draws, a new batch of Iranian sanctions, and marginal weakening of the US dollar, the next big catalyst for oil prices will be the OPEC+ meeting taking place on October 5th. With production cuts being discussed as a means of maintaining palatable prices, an upward run towards $100 per barrel might be on the cards for ICE Brent.
Oil prices had a nightmarish start to the week, plunging no weak Chinese economic data and rumors that an Iranian nuclear deal could come to fruition. Fortunately for oil bulls, hefty US stock draws across the oil and products spectrum have eased concerns that demand destruction is wreaking havoc on domestic demand. Both WTI and Brent have bounced back on the news. Good news for VDE investors!
In Europe, there are fears that this might not be the end of it, and governments are preparing for a worst-case scenario with zero Russian gas in the winter at a time when some activists are calling on Europe to outright embargo Russian gas as it did with Russian oil. Meanwhile, Europe is trying to stock up on as much LNG as it can in anticipation of what increasingly looks like the harshest winter in at least one generation. Great for VDE !
Oil prices have recorded their first monthly gains since May, with ICE Brent finishing October just below the $95 per barrel mark. However, the relative strength recently has been tainted by China’s ongoing woes, with its October industrial and services activity seeing a huge month-on-month drop, highlighting the pain and insecurity that the zero-Covid policy continues to wreak in the country. Rumors ending zero in China very bullish for VDE.
A lineup of the hottest stocks on the planet are still to report in the coming days, with Exxon Mobil Corp. and Chevron Corp. scheduled to report on Friday, July 29th before the bell and Marathon Petroleum to report next week. Expect a Blowout Quarter and a great VDE for Friday.
Although buyers of WTI may have found value at a long-term retracement zone at $89.54 to $82.80, they are still searching for a catalyst to trigger a resumption of the uptrend. Some thought the IEA’s stronger demand expectations would do the trick, but Friday’s price action suggests it may have not been enough to erase recessionary fears. Experts expect to see an economic downturn but the size and duration are unpredictable at this time. Additionally, evidence this week suggests inflation may be slowing. However, Fed comments indicate that policymakers are likely to remain hawkish while calling for aggressive rate hikes until inflation is subdued. That being said, we’re expecting to see a choppy trade over the near-term until there is clarity about the demand outlook, or unless there is a major supply disruption. Technically speaking, even if buyers are able to overcome $94.45, bullish traders still face an uphill battle with resistance layered at $99.08, $102.55 and $106.21.
The weakening of the U.S. dollar helped oil prices this week, keeping WTI front-month prices at $86 per barrel despite the avalanche of bad macroeconomic news. With business activity contracting in the U.S., the UK and the euro zone (in the latter it was the worst industrial performance report in the entire post-pandemic period), the oil market bulls are still facing an uphill battle, indicating that the lack of supply in the short term will gain the upper hand over demand concerns in the longer term. So far it has been a draw. Going into Winter the demand will rise for heating Oil . Bullish for VDE !
Oil prices bounced back on Tuesday due to news that Russian oil supplies to central Europe via Ukraine had been halted. Meanwhile, it seems that the Iranian nuclear talks will soon creep back into the energy market agenda. The negotiations broke off for a period of national consultations when diplomats returned to their countries to discuss the EU-brokered draft. Now, there is speculation that Iran may agree to this final draft. If that happens, expect oil prices to fall back toward $80 per barrel.
I am glad I bought VDE back in 2020 in the high 40's and low 50's and I've continued to buy on the way up. The current political group in office will drive this stock higher, but I agree we must have an established exit. As this stock will take a turn as historic evidence provides.
The recent pullback in oil prices could be a buying opportunity because prices are set to go higher from here this summer, according to the Wall Street bank. “The bottom line is the situation across the energy space is incredibly bullish right now. The pullback in prices we would view as a buying opportunity,” Goldman’s Currie told CNBC today.
Watch XLE and VDE closely any change in Administration stance on energy policy. This will effect energy stocks. Watch Closely ! But looks good until 2023. After a great 2021/2022 but 2023 is not a given ! Expect a low in Oil in Dec ……..entry point !
The oil markets have been seesawing in a spectacular fashion this week. Still trying to overcome the pain of so many financials quitting the game last week, a WSJ report that argued OPEC+ was looking to increase its production target by 500,000 b/d come January 2023 has sent prices dovetailing, only to be halted by Saud Arabia, the UAE and Kuwait all denying the rumors and insisting that if anything, OPEC+ would be cutting further. Don’t believe anything this administration says. Stay Strong VDE !
Looks like $VDE is bouncing around all time highs despite oil prices coming down. With the cold winter approaching and the US SPR needing to be refilled, I'd guess the future looks good for this ETF. Should I start a small position you think?
With fears of an impending market collapse easing somewhat at the start of this week, the market started talking about the umpteenth reopening of China again. This in turn continues to fuel expectations of robust summer demand, and whilst fears of an economic recession in late 2022 are still there, oil prices started to move marginally higher as ICE Brent trends around $120 per barrel. It might be that natural gas now becomes the main talking point in energy markets, with lower Russian supply in Europe while Northeast Asian countries see power demand soar amidst intense heatwaves.
Investors pouring money into VDE in late Oct.
Great sign of what to come for VDE returns for 2022.
Completely agree. I'm a long-term investor and tend not to 'play' the market by trying to get in and out at the right time.
Long term is the way to go! Thanks for watching my friend.
Got your email and will get back to you ASAP 🙏
The overall sentiment in oil markets has been greatly buoyed by bumper Q2 profits posted by the likes of ExxonMobil, Chevron, and Shell - and this time around, thanks to falling gasoline prices in the US, there have been no accusations of making more money than God. With all leading oil majors promising either to maintain or intensify share buybacks over the upcoming period, oil stocks have seen a much-needed surge this week. As well as improving confidence, rumors of OPEC+ keeping September production targets unchanged have helped push oil prices higher, with the front-month ICE Brent contract moving up to $110 per barrel. Great for VDE !
Chinese weakness has become the key talking point of the past week. First, the country’s PMI index for August recorded a mere 49.4, roughly in line with July, indicating that the much-anticipated economic activity rebound is still far from becoming real. Second, the return of lockdowns in multi-million megapolises such as Shenzhen or Chengdu will inevitably weigh on oil demand as (once again) no one really knows how long the restrictions will last. Political instability in Iraq has failed to bring about any bullish trend, just as the prospect of an Iran nuclear deal keeps on lingering around without anyone seeing the smaller picture of political guarantees. Until OPEC+ meets on September 05, China-driven demand fears will lead the market narrative, seeing ICE Brent down at $92 per barrel. Great for VDE .
If a recession doesn't severely hit global oil demand, oil prices could return to rally as OPEC+ could counter a return of Iranian oil with new cuts, while Russian supply with the EU embargo could plunge. SPR expected to end in Oct could also push energy prices higher. Great News for VDE investors!
Following several weeks of macro-driven weakness, this week has finally brought something more tangible to oil markets. Namely, a substantial OPEC+ market intervention. Reports put the potential cut in OPEC+ production targets at around the 1 million bpd mark. This potential reduction in OPEC+ production will combine with Russian sanctions kicking in and the US SPR release running its course to add real upward pressure to oil prices. Great for VDE !
25 Day of supply in SPR for US of Diesel !
Is VDE a good investment for remainder of 2022 going into 2023 ? Unless the Administration changes energy policies I see energy particularly Diesel and home heating oil going up along with VDE.
I am glad I bought VDE a few weeks ago. It hit a new 52 week high today. The top 2 holdings are doing very well. I own both.
How long will you hold?
Nice! I wish I had bought some when I posted this video because things are heating up. Oil hitting $130 a barrel 😱
It’s not just exchange-traded fund investors seeing upside. On Friday, BofA Securities reiterated its recommendation to overweight energy. The firm ranks energy as No. 1 in its “tactical sector framework.” Great for VD
Do you think I could still get in at the moment on VDE or am I late to the party?
I thought I was late back when I recorded this in Feb 2022 and $VDE shot up another 35%! But recently it's pulled back about 10% from those highs. I do think it will continue to go up in the short term because energy will continue to get crunched from the Ukraine/Russia conflict and the current Admin's policies to move away from fossil fuels.
A lot of the "experts" on CNBC are still very bullish on energy stocks right now and view this 10% pullback as a macro trend with literally everything selling off right now from stocks, bonds, crypto, etc. I'm not personally buying $VDE as part of my long term hold approach, but it could make for a decent swing trade if you're up for the risk.
Thanks so much for watching!
**Not financial advice :)
2% up from the last highest point would be good enough for me to get out of this trade
Only 2 areas in stock market I would be in
Energy and Banks
VDE and VFH
Finally made 2% on this trade but it took like 3 months 🥵 sweating it
For the second straight week, the main oil futures contracts have seen a marked rejuvenation in open interest, primarily coming from bullish long positions. This suggests that, despite ongoing fears of an economic recession, traders believe that the selloff earlier this month was overdone. This has also translated into the markets largely ignoring the return of Libyan oil. In addition, Europe’s natural gas woes have strengthened demand prospects for middle distillates, with diesel switching in the winter months now a very real possibility. With the Brent-WTI spread as wide as ever, ICE Brent has been flirting with the $107 per barrel mark in today’s trading session. Bullish for VDE
Strong corporate earnings have breathed new life into the oil markets, with most oil majors sticking to their set policy of increasing dividends and ramping up share buybacks. This might not sit well with the White House ahead of the midterm elections as the flurry of optimism has supported oil prices well, with ICE Brent within touching distance of the $100 per barrel psychological barrier. The difficulties that sprang up earlier this week - widespread dumping of Chinese assets amidst Xi Jinping’s re-election, the ECB’s sullen interest rate increase, and many others - appear to have been forgotten, for now. Great for VDE investors.
I would like to hear your updated thoughts about this ETF now that Russia has invaded.
I wish I had bought some $VDE when I filmed this video. There’s a lot of geopolitical tension around oil dependency on Russia and moving to things like nuclear.
All I know is oil prices are surging and will likely continue for some time. $130 a barrel oil prices today.
Thanks for watching!
Europe just passed law gas and nuclear are environmental friendly . Bought VDE back in Dec it’s went down some since the high but I believe this ball game is not over yet and continue to add to my position of VDE.
It is not unusual to see oil prices spike in late September as hurricanes ravage the US Gulf of Mexico, yet, despite the horrendous damage done to Florida and other south-eastern states, Hurricane Ian has failed to become a notable factor for crude. And whilst some pricing upside came from US stock draws, a new batch of Iranian sanctions, and marginal weakening of the US dollar, the next big catalyst for oil prices will be the OPEC+ meeting taking place on October 5th. With production cuts being discussed as a means of maintaining palatable prices, an upward run towards $100 per barrel might be on the cards for ICE Brent.
Oil prices had a nightmarish start to the week, plunging no weak Chinese economic data and rumors that an Iranian nuclear deal could come to fruition. Fortunately for oil bulls, hefty US stock draws across the oil and products spectrum have eased concerns that demand destruction is wreaking havoc on domestic demand. Both WTI and Brent have bounced back on the news. Good news for VDE investors!
In Europe, there are fears that this might not be the end of it, and governments are preparing for a worst-case scenario with zero Russian gas in the winter at a time when some activists are calling on Europe to outright embargo Russian gas as it did with Russian oil.
Meanwhile, Europe is trying to stock up on as much LNG as it can in anticipation of what increasingly looks like the harshest winter in at least one generation. Great for VDE !
Seems like a potentially disastrous winter for Germany. 🥶
@@joshuatalksmoney
US would be in great position to step in and provide energy to Europe if we had a Energy Sec with a head on her shoulders.
Kaboom we got China partial opening !
G7 oil Cap
OPEC keeps curtail on production
Ready for a great Monday opening in VDE
Oil prices have recorded their first monthly gains since May, with ICE Brent finishing October just below the $95 per barrel mark. However, the relative strength recently has been tainted by China’s ongoing woes, with its October industrial and services activity seeing a huge month-on-month drop, highlighting the pain and insecurity that the zero-Covid policy continues to wreak in the country. Rumors ending zero in China very bullish for VDE.
A lineup of the hottest stocks on the planet are still to report in the coming days, with Exxon Mobil Corp. and Chevron Corp. scheduled to report on Friday, July 29th before the bell and Marathon Petroleum to report next week. Expect a Blowout Quarter and a great VDE for Friday.
Chevron earnings were great. Warren Buffett strikes again 🤔
Buffet just added more Chevron and Apple
Although buyers of WTI may have found value at a long-term retracement zone at $89.54 to $82.80, they are still searching for a catalyst to trigger a resumption of the uptrend. Some thought the IEA’s stronger demand expectations would do the trick, but Friday’s price action suggests it may have not been enough to erase recessionary fears.
Experts expect to see an economic downturn but the size and duration are unpredictable at this time. Additionally, evidence this week suggests inflation may be slowing. However, Fed comments indicate that policymakers are likely to remain hawkish while calling for aggressive rate hikes until inflation is subdued.
That being said, we’re expecting to see a choppy trade over the near-term until there is clarity about the demand outlook, or unless there is a major supply disruption.
Technically speaking, even if buyers are able to overcome $94.45, bullish traders still face an uphill battle with resistance layered at $99.08, $102.55 and $106.21.
The weakening of the U.S. dollar helped oil prices this week, keeping WTI front-month prices at $86 per barrel despite the avalanche of bad macroeconomic news. With business activity contracting in the U.S., the UK and the euro zone (in the latter it was the worst industrial performance report in the entire post-pandemic period), the oil market bulls are still facing an uphill battle, indicating that the lack of supply in the short term will gain the upper hand over demand concerns in the longer term. So far it has been a draw.
Going into Winter the demand will rise for heating Oil .
Bullish for VDE !
Oil prices bounced back on Tuesday due to news that Russian oil supplies to central Europe via Ukraine had been halted. Meanwhile, it seems that the Iranian nuclear talks will soon creep back into the energy market agenda. The negotiations broke off for a period of national consultations when diplomats returned to their countries to discuss the EU-brokered draft. Now, there is speculation that Iran may agree to this final draft. If that happens, expect oil prices to fall back toward $80 per barrel.
I am glad I bought VDE back in 2020 in the high 40's and low 50's and I've continued to buy on the way up. The current political group in office will drive this stock higher, but I agree we must have an established exit. As this stock will take a turn as historic evidence provides.
Nice! That's a great entry price and looks like you made some money.
Thanks for watching! 🙌
Don’t sell we are going higher until the end of 2022. Buffet is real bullish on Energy for remainder of 2022.
Monday open again I’d going to be great for VDE
24Th Oct
The recent pullback in oil prices could be a buying opportunity because prices are set to go higher from here this summer, according to the Wall Street bank.
“The bottom line is the situation across the energy space is incredibly bullish right now. The pullback in prices we would view as a buying opportunity,” Goldman’s Currie told CNBC today.
Watch XLE and VDE closely any change in Administration stance on energy policy. This will effect energy stocks. Watch Closely ! But looks good until 2023. After a great 2021/2022 but 2023 is not a given ! Expect a low in Oil in Dec ……..entry point !
The oil markets have been seesawing in a spectacular fashion this week. Still trying to overcome the pain of so many financials quitting the game last week, a WSJ report that argued OPEC+ was looking to increase its production target by 500,000 b/d come January 2023 has sent prices dovetailing, only to be halted by Saud Arabia, the UAE and Kuwait all denying the rumors and insisting that if anything, OPEC+ would be cutting further. Don’t believe anything this administration says. Stay Strong VDE !
Looks like $VDE is bouncing around all time highs despite oil prices coming down. With the cold winter approaching and the US SPR needing to be refilled, I'd guess the future looks good for this ETF.
Should I start a small position you think?
💎 VanEck Oil ETF (OIH) 💎
Buffet buys more energy this week !
With fears of an impending market collapse easing somewhat at the start of this week, the market started talking about the umpteenth reopening of China again. This in turn continues to fuel expectations of robust summer demand, and whilst fears of an economic recession in late 2022 are still there, oil prices started to move marginally higher as ICE Brent trends around $120 per barrel. It might be that natural gas now becomes the main talking point in energy markets, with lower Russian supply in Europe while Northeast Asian countries see power demand soar amidst intense heatwaves.
Yeah it doesn’t look good out there. We’ll see what happens over the next 6-months.
Thanks for watching! 🙌
Buying Opportunity
I added VFH to my VDE for 2022.
I expect 2nd half of year will be good for Bank ETF.
Rodriguez Deborah Brown Michelle Thompson Christopher