Some Key Bearish Catalysts for Crude Oil Prices



Crude oil price catalyst

So far in this series, we’ve looked at bullish catalysts for crude oil prices. Now let’s look at some key bearish drivers for crude oil prices in 2016.

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Bearish drivers for crude oil prices

Impact on crude oil producers and ETFs

Multiyear low crude oil prices impact the revenues of domestic and international oil producers such as China Petroleum & Chemical (SNP), National Iranian Oil Company, PetroChina (PTR), Northern Oil & Gas (NOG), and Denbury Resources (DNR). They also affect ETFs and ETNs such as the ProShares UltraShort Bloomberg Crude Oil ETF (SCO), the PowerShares DWA Energy Momentum ETF (PXI), and the United States Brent Oil ETF (BNO).

In the next two parts of this series, we’ll take a look at the American Petroleum Institute’s crude oil, gasoline, and distillate stocks estimates.


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