TV

Angus Walker
As Ukrainian forces retake territory occupied by pro-Russian militias, the crisis is heating up. Russia could retaliate by cutting off gas supplies to Ukraine and Europe. Around a third of Europe's gas comes from Russia with forty percent pumped through Ukraine.
Article / 07 November 2012 at 12:55 GMT

75-second video: Oil, the Obama victory and the fiscal cliff

Ole Hansen Ole Hansen
Head of Commodity Strategy / Saxo Bank
Denmark

In this 75-second video, Ole Hansen, Commodities Strategist at Saxo Bank in Copenhagen, discusses how anticipation of a Barack Obama win caused the dollar to drop the day before yesterday's US election, which boosted US equity prices and energy markets.

He notes that Hurricane Sandy has reduced the availability of gasoline, which has caused some upside for crude prices, but that the U.S. fiscal cliff will limit upside in the short term.

With spending cuts and tax hikes that could limit demand, the fiscal cliff is a medium-term negative for oil prices, Hansen says.

 

  

1y
Massimo Russo Massimo Russo
I don't see clearly the link between Obama election's win and the oil price's movement.
The fiscal cliff is the principal argument that have a linki with the re-election of Obama. About this, I think that the policy strategy of Obama will be more strong on the reforms for to restore the public deficit.
1y
Ole Hansen Ole Hansen
The fiscal cliff would have been an issue no matter who won as Congress remains in a deadlock. Oil markets are worried about the potential negative impact on growth from a failure to reach an agreement. Pressure is on and President and Congress have limited time available to reach a deal or a compromise.
1y
allperformers allperformers
Is it right in saying that Obama secured victory due to his support in the big states? I saw the county wins and the GOP won the interior of the whole of the US. Surely, in any case this is going to be a deadlock as those states are against more QE etc...

Disclaimer

The Saxo Bank Group provides an execution-only service and all information provided on Tradingfloor.com is solely for general information. When trading through Tradingfloor.com your contracting Saxo Bank Group entity will be the counterparty to any trading entered into by you. Tradingfloor.com does not contain (and should not be construed as containing) financial, investment, tax or trading advice or advice of any sort offered, recommended or endorsed by Saxo Bank Group and should not be construed as a record of our trading prices, or as an offer, incentive or solicitation for the subscription, sale or purchase in any financial instrument. Saxo Bank Group will not be liable for any losses that you may sustain as a result of any investment decision made in reliance on information which is available as part of the Tradingfloor.com or as a result of the use of the Tradingfloor.com. Any information which could be construed as investment research has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such should be considered as a marketing communication. Furthermore it is not subject to any prohibition on dealing ahead of the dissemination of investment research. Please read our disclaimers:
- Notification on Non-Independent Investment Research
- Full disclaimer

Show latest activity
Dismiss
Sorry, there was a problem communicating with the TradingFloor.com servers. We are working hard to solve this. Please try again later.
Oops! There was a problem communicating with the OpenAPI Portfolio service.
Oops! There was a problem communicating with the OpenAPI History service.
Oops! There was a problem communicating with the OpenAPI Reference service.
Oops! There was a problem communicating with the OpenAPI Root service.
Oops! There was a problem communicating with the OpenAPI Trading service.
Sorry, there was a problem communicating with the Financial Calender servers. We are working hard to solve this. Please try again later.
Check your inbox for a mail from us to fully activate your profile. No mail? Have us re-send your verification mail