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Oil – Room to run lower

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9 år sedan

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20 mars, 2017

Redaktionen

Room to run lower Oil prices have made decisive moves lower over the past fortnight as burgeoning US production has dampened optimism around the OPEC accord.

Weekly Investment Insights Oil – Room to run lower

Highlights

Oil prices have made decisive moves lower over the past fortnight as burgeoning US production has dampened optimism around the OPEC accord.
Reports of increased output from Saudi Arabia and exempt nations Nigeria and Libya have added to concerns that the production agreement is less robust than previously assumed.
Should key crude benchmarks break lower through nearby support levels we could see the complex return to pre-November levels.

Burgeoning U.S. output

After months of range trading, the oil complex has made a decisive move lower as growing US output has dampened optimism surrounding the impact of last year’s OPEC/non-OPEC production agreement on global supply. Last week’s release of US crude oil inventory data instigated the latest move, as stocks grew at four times the expected rate to reach a new peak of 528.4m barrels. Bearish indicators have been mounting against the oil price for some time as news flow from the US has increasingly pointed towards resurgence in shale output as a result of the more favourable $50-$55/bbl price range. Research reports from Barclays and Citi (Source: Financial Times) both detail a 27%-36% surge in capital spending this year by North American oil and gas companies. These estimates are corroborated by the growth in the widely observed US oil rig count, which has climbed 95% from its trough from 2016 (see Figure 1). Our view is that oil prices could still see some downside from current levels, as they sit some 8% above the range from before the November accord and the agreement itself appears increasingly fragile.

Intentional or Seasonal?

While Riyadh has repeatedly stated its commitment to stabilising the oil market, the latest monthly OPEC report suggests that matter may not be so simple. Overall, according to secondary sources, OPEC’s compliance with its stated target currently sits at 91% and has indeed largely been driven by Saudi’s commitment to the agreement. However, the report also shows that Saudi’s own sources recorded an increase in production last month to near 10m barrels per day (mbpd), closer to estimates from the International Energy Agency (IEA) of 9.98mbpd. The bounce suggests that the reductions in oil volume seen in recent months could actually be a result of more seasonal adjustments to output rather than a conscious effort to stabilise the oil market. If this is the case we could see output normalise further in coming months, posing an additional threat to the accord.

Furthermore both exempt nations, Libya and Nigeria, have increased output by a combined 193k bpd since December, a 9% increase. The resurgence of US shale is likely to have put significant strain on the continued compliance to the OPEC agreement beyond the June expiry date. Should the deal fall apart, we could see oil prices sink further.

Broken support levels could spur selling

Having fallen approximately 8% on average over the past week both crude oil benchmarks face significant support. Brent and WTI crude oil prices have been dragged lower to the highs that persisted until the OPEC accord was announced, at $51/bbl and $49/bbl respectively (which also happen to coincide with their respective 200 daily moving average). Prices failed to consistently penetrate these levels for 15 months before November so a break below at this stage could trigger selling pressure. In this scenario prices have potential to fall to the 50% retracement of the recent 14 month run higher at $46/bbl and $43/bbl respectively for Brent and WTI. An abrupt end to OPEC’s current deal could be the catalyst to trigger such a move.

Investors wishing to express the investment views outlined above may consider using the following ETF Securities ETPs:

Commodity ETPs

ETFS Brent Crude (BRNT)
ETFS WTI Crude Oil (CRUD)
ETFS Longer Dated Brent Crude (FBRT)
ETFS Longer Dated WTI Crude Oil (FCRU)

2x & -1x

ETFS 2x Daily Long Brent Crude (LBRT)
ETFS 2x Daily Long WTI Crude Oil (LOIL)
ETFS 1x Daily Short Brent Crude (SBRT)
ETFS 1x Daily Short WTI Crude Oil (SOIL)

ETFS 3x Daily Long WTI Crude Oil (3CRL)
ETFS 3x Daily Short WTI Crude Oil (3CRS)

Currency Hedged ETPs

ETFS EUR Daily Hedged Brent Crude (EBRT)
ETFS EUR Daily Hedged WTI Crude Oil (ECRD)
ETFS GBP Daily Hedged Brent Crude (PBRT)
ETFS GBP Daily Hedged WTI Crude Oil (PCRD)

Important Information

This communication has been provided by ETF Securities (UK) Limited (”ETFS UK”) which is authorised and regulated by the United Kingdom Financial Conduct Authority (the ”FCA”).

This communication is only targeted at qualified or professional investors.

Liknande ämnen:ETF Securities Nigeria OPEC

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iShares Space Technologies UCITS ETF investera bortom jorden

Publicerad

14 timmar sedan

den

12 juni, 2026

Redaktionen

iShares Space Technologies UCITS ETF

Ticker: STAR, ST4R (Kortnamn kan variera beroende på lokala noteringar)

TER: 0,50 %

ISIN: IE000A9G9R73

Jämförelseindex: STOXX Global Space Satellites and Drones Index

Rymdindustrin befinner sig i en brytpunkt, då tillgången till rymdindustrin skiftar från rent statligt ledda program till en bredare blandning av myndigheter och välkapitaliserade offentliga och privata aktörer.

iShares Space Technologies UCITS ETF (ST4R) fångar hela värdekedjan i denna expanderande rymdekonomi, inklusive snabbare börsintroduktioner, från uppskjutningsleverantörer och återanvändbara tekniker som sänker kostnaden för tillgång till omloppsbana, till satellitoperatörer och de efterföljande tillämpningar som är beroende av rymdbaserad infrastruktur.

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Ren tematisk exponering

ST4R investerar i företag som genererar minst 25 % av intäkterna från rymd-, drönar- eller satellitverksamhet, vilket säkerställer en tydlig tematisk anpassning*.

Positionera investeringar i centrum för Artemis-erans ekosystem

ST4R fångar upp företag som drar nytta av den expanderande rymdekonomin, understödd av statliga program, försvarsutgifter och accelererande privata investeringar*.

Snabbspår för ledare

Indexet inkluderar ett snabbspår för börsintroduktion, vilket gör det möjligt att lägga till kvalificerade företag genom ad hoc- eller extraordinära ombalanseringar efter notering.

Handla ST4R ETF

iShares Space Technologies UCITS ETF är en europeisk börshandlad fond. Denna fond handlas på flera olika börser, till exempel Deutsche Boerse Xetra.

Det betyder att det går att handla andelar i denna ETF genom de flesta svenska banker och Internetmäklare, till exempel Nordnet, SAVR, DEGIRO och Avanza.

HÄMTA FONDINFORMATION >

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JIPD ETF delar ut månadsvis

Publicerad

15 timmar sedan

den

12 juni, 2026

Redaktionen

JPM US Equity Premium Income Active UCITS ETF EUR Dist (JIPD ETF) med ISIN IE000RE0SQM6, är en aktivt förvaltad börshandlad fond (ETF). Delfondens mål är att generera inkomst och långsiktig kapitaltillväxt. Delfonden strävar efter att

(i) investera i en portfölj av aktier som huvudsakligen består av företag som har sitt säte i, eller bedriver huvuddelen av sin ekonomiska verksamhet i, USA, och
(ii) sälja aktieköpoptioner och/eller aktieindexköpoptioner för att generera inkomst genom tillhörande utdelningar och optionspremier.

Den börshandlade fondens totala kostnadskvot (TER) uppgår till 0,35 % per år. Utdelningarna i ETFen delas ut till andelsägarna månadsvis.

JPM US Equity Premium Income Active UCITS ETF EUR Dist är en mycket liten ETF med 25 miljon euro i förvaltat kapital. ETFen lanserades den 6 november 2025 och har sitt säte i Irland. Denna ETF använder sig av fysisk replikering. Den börshandlade fonden använder sig av fysisk replikering.

Handla JIPD ETF

JPM US Equity Premium Income Active UCITS ETF EUR Dist (JIPD ETF) är en europeisk börshandlad fond. Denna fond handlas på flera olika börser, till exempel Deutsche Boerse Xetra.

Det betyder att det går att handla andelar i denna ETF genom de flesta svenska banker och Internetmäklare, till exempel Nordnet, SAVR, DEGIRO och Avanza.

Börsnoteringar

Börs	Valuta	Kortnamn
Xetra	EUR	JIPD
Borsa Italiana S.P.A.	EUR	JIPD

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Quantum computers can’t break bitcoin. Yet.

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12 juni, 2026

Redaktionen

21Shares have published a new report examining what the quantum threat actually looks like for digital assets, including the timeline, the potential exposure, the prep required, and what this all might mean for asset allocators.

The exposure is larger than most appreciate. Between 4 million and 6.9 million bitcoin have permanently visible account numbers, aka public addresses and public keys, making them vulnerable to a quantum attack. Nearly every active Ethereum account and every Solana account face the same structural exposure.

The timeline shifted in March. On March 31, Google’s quantum team, alongside researchers from the Ethereum Foundation and Stanford, published findings showing the computing power needed to break this encryption is around 20x lower than the field previously believed.

You can’t prepare adequately for a quantum break if you determine that one is six months or a year ahead. You have to act before there’s a real perceived risk – but by definition that means sounding the alarm ’too early’.

The good news is that network preparation is further along than most investors realize. Bitcoin took its first step in Feb 2026 with the merger of BIP-360, a quantum-resistant address proposal. Ethereum has working code and ten independent teams building toward network migration. Solana has a path most observers have missed entirely.

The window is narrowing, but it hasn’t closed. Download full report

Follow for more quantum content.

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The information provided does not constitute a prospectus or other offering material and does not contain or constitute an offer to sell or a solicitation of any offer to buy securities in any jurisdiction. Some of the information published herein may contain forward-looking statements. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties and that actual results may differ materially from those in the forward-looking statements as a result of various factors. The information contained herein may not be considered as economic, legal, tax or other advice and users are cautioned to base investment decisions or other decisions solely on the content hereof.

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