What Coronavirus Really Means for the Oil Market

You are receiving this as part of your subscription to Oil & Energy Investor. To remove your email from this list, unsubscribe here.   Wednesday, January 29, 2020 What Coronavirus Really Means for the Oil Market By Dr. Kent Moors This morning as I write this, both primary crude oil benchmarks - WTI (West Texas Intermediate, the standard for future contracts in New York) and Brent (the more broadly used global yardstick set daily in London) - are modestly improving, up 0.8 percent and 1.3 percent, respectively. This follows slight gains by close yesterday (0.6 and 0.5 percent). However, the last week has been quite a different story. For the five days of trade through close on Monday, WTI had retreated a hefty 8.9 percent while Brent was down 8.4 percent. And the current WTI improvement has as much to do with an unexpected decline in US inventories than any better view of the underlying cause of the preceding drop. Present crude prices are not reflecting oil supply and demand considerations. This is all about coronavirus (or what is becoming known as the Wuhan flu after the Chinese city where it emerged), the latest Chinese disease scare. Now this is not yet a true global crisis, although documented cases in China now exceed 6,100. To put that in perspective, the total is already greater than the SARS cases (also a coronavirus) in 2002-2003. That was the last epidemic that impacted oil prices in a similar manner. Why the connection?   WARNING: Catastrophe ahead to affect 176 million U.S. investors The greatest economic catastrophe is about to blindside us all. Decades ago, corrupt money managers and politicians buried a $6 trillion ticking time bomb in the heart of the U.S. economy - and when it blows, scarcely a soul will not be affected. You need to start preparing NOW, because when this bomb hits, you'll be scurrying to pick up the pieces... Click here to learn more. Read more Why solar is here to stay - and save While the costs of most major energy sources have stayed flat over the years, the price of solar has actually decreased. And that means the future (and your potential profits) just got a whole lot brighter. Full story... Read more   2019 Delivered over $122K in Potential Profits (Here's What You Can Expect in 2020) Since Tom Gentile first started sharing this method with our readers, you could have locked in 94 individual chances to double your money. 25 in 2016... 26 in 2017... 20 in 2018... 23 in 2019... and now, he just shared something that proves 2020 could end with his best record to date. Here's why... Click Here   The Next Phase of the Bitcoin Phenomenon Ten years ago, you could've bought 100 Bitcoin for just 30 cents. Just six years later, you could've been sitting on well over a million dollars. That's exactly what turned these young, broke students - even a 13-year-old kid - into millionaires. And thanks to a rare set of circumstances, you have a chance to do the same. More... JOIN NOW   Please do not reply to this email. It was sent from an unmonitored mailbox. You are receiving this e-mail at its028@gmail.com, as part of your subscription to Oil & Energy Investor. To remove your email from this list: Unsubscribe here or manage your Money Map Press Email Preferences. To cancel, or for any other questions or requests, please contact our Customer Service team: Online Phone: 888-384-8339 (North America) 443-353-4519 (International) Mail: Oil & Energy Investor | Attn: Member Services | 1125 N Charles Street | Baltimore, MD 21201 Fax: 410-622-3050 Our Customer Service team is available Monday - Friday between 9:00 AM and 5:00 PM ET. © 2020 Money Map Press. All Rights Reserved. Nothing in this email should be considered personalized financial advice. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed as personalized financial advice. We expressly forbid our writers from having a financial interest in any security recommended to our readers. All of our employees and agents must wait 24 hours after on-line publication or 72 hours after the mailing of printed-only publication prior to following an initial recommendation. Any investments recommended in this letter should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company. Protected by copyright laws of the United States and international treaties. This Newsletter may only be used pursuant to the subscription agreement and any reproduction, copying, or redistribution (electronic or otherwise, including on the world wide web), in whole or in part, is strictly prohibited without the express written permission of: Money Map Press. 1125 N Charles Street, Baltimore MD 21201. Website | Privacy Policy | Terms & Conditions