š„ATTENTIONš„
š„OIL plummeted yesterday, which BENEFITS the STOCKS
Why do we care about closely monitoring OIL and what are the EFFECTS it generatesāļø
š¢Oil is the most used RAW MATERIAL for INDUSTRIAL PRODUCTION
āŖļøWhen oil prices DROP, PRODUCTION becomes cheaper, which increases the PROFITS of COMPANIES
āŖļøIt is no coincidence that bullish markets for #Bitcoin and the SP500 occur with a downward trend in oil
Why did oil experience a GREAT DROP TODAYāļø
āŖļøSeveral members of OPEC+ (Organization of the Petroleum Exporting Countries) are pushing for the group to approve a new accelerated increase in oil production for June
āŖļøThe more production, the worse for the price
Why did Trump make "LOW OIL PRICES" a priority in his political campaignāļø
šøThe price of oil directly affects the price of gasoline/petrol
šøPromising low prices means promising more money in the voters' pockets.
šAdditionally, they are a KEY component in INFLATION and less inflation could lead the
#FED to CUT the INTEREST RATE
#ACCIONES #MarketRebound #mercado #alcista