Natural Gas and Oil Forecast: Will Supply Risks Drive Prices Higher This Week?
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The article discusses the potential impact of geopolitical risks on natural gas and oil prices, questioning whether these risks will drive prices higher or if bearish momentum will prevail.
January 22, 2025 | 6:00 am
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BNO, an ETF that tracks oil prices, may be impacted by geopolitical risks that could drive oil prices higher. However, bearish momentum could counteract this effect.
BNO is directly linked to oil prices, which are influenced by geopolitical risks. The article suggests a potential increase in prices due to these risks, but also notes the possibility of bearish momentum, leading to a neutral short-term impact.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50