History of Oil Prices
History of Oil Prices This chart highlights the rise and fall of oil prices since 1861. Image: Goldman Sachs Global Investment Research Click the Image to Enlarge
History of Oil Prices This chart highlights the rise and fall of oil prices since 1861. Image: Goldman Sachs Global Investment Research Click the Image to Enlarge
OECD Leading Indicator and Leading Stimulus Indicator (Oil and Rates) Changes in oil prices and yields could have an impact on the OECD leading indicator during the year 2022. Image: Nordea and Macrobond
DXY U.S. Dollar Index and WTI Crude Oil Price (Leading Indicator) The U.S. dollar tends to lead oil prices by 6 months. Image: Gavekal, Macrobond
Commodities (Oil, Gold, Copper) – Commodity Net Long Positioning Net speculative copper positioning remains very bullish. Image: Goldman Sachs Global Investment Research
Gold Minus Oil Annual Net Return This year saw the biggest gold outperformance vs. oil since 1980. Image: BofA Global Investment Strategy
World Oil and Gas: Dividends per Share The ongoing collapse of dividends is unprecedented. Image: BCA Research
S&P 500 (SPY ETF) and Barrels of Oil The long stocks/short oil trade has been a winning strategy since 2008. Image: BofA Global Investment Strategy
Forecasts for Cumulative Total Oil Stock Builds by Region The Goldman Sachs forecast remains unchanged for Brent at $65/bbl by 3Q 2021. Image: Goldman Sachs Global Investment Research
Global Oil Demand Growth by Sector Global oil demand is recovering sequentially as the world’s coronavirus lockdowns are being eased. Image: BofA Global Research
Oil Price vs. 10-Year Breakeven Inflation The collapse in the price of oil is creating a disinflationary risk. Image: Piper Sandler
U.S. Five-Year Inflation Swap and WTI Oil Chart suggesting the correlation between inflation expectations and oil prices. Image: Morgan Stanley Wealth Management