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But we saved everything 🙂.
Brent must hold above $120 for index record, Mike McGlone notes
Mike McGlone, industry influencer, highlights that the Bloomberg Energy Spot Index could surpass its 2005 peak if Brent crude oil remains above $120 a barrel.
He adds that both outcomes are unlikely unless a severe disruption takes place in the Strait of Hormuz.
McGlone recently signaled that U.S. stock market capitalization dropped by about $3 trillion, raising the possibility of higher volatility in equities this year, according to a recent note. He has also highlighted the potential for a rebound in U.S. Treasuries compared to gold after reaching relative lows, as seen in a separate analysis. These observations follow his current focus on energy markets.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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