Oil-related equities face a headwind next year, according to analysts at Citi: excess spare capacity.
Don't let this year's seemingly meager gain for the Dow Jones Industrial Average fool you. All that's needed for the Dow Jones to begin a new bull run is for the index to establish a new high. A new bull market is nearly here for the Dow Jones.
(Bloomberg) -- Oil stretched declines into a fifth session — touching the lowest since early July — as a flood of US exports and doubts over whether OPEC+ will be able to deliver on its planned production cuts raised concerns about oversupply.Most Read from BloombergBiden Says He Might Not Have Sought Reelection If Trump Weren’t RunningTreasury Frenzy Drives 10-Year Yield Below 4.2%: Markets WrapTruck-Stop Billionaire Fights Warren Buffett to Increase $18 Billion Fortune India Stock Value Tops $