Breaking News
Investing Pro 0
Final hours: unlock premium data with Claim 60% OFF

Crude oil prices slide despite geopolitical tensions

Published Nov 17, 2023 01:04PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
© Reuters
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio

NEW YORK - In the face of ongoing geopolitical conflicts and market dynamics, West Texas Intermediate (WTI) crude oil prices have experienced a notable decline. Even with the potential disruptions stemming from the persistent tensions in Russia-Ukraine and Israel-Hamas regions, WTI crude has seen a decrease of around ten percent over the past two years. This price movement is attributed to market phenomena such as contango and backwardation, which have influenced the commodity's pricing structure.

In other market news, the investment fund ARKK has shown mixed performance in comparison to its peers. Within the year, ARKK has outperformed SPY but still lags behind QQQ. A closer look at ARKK's performance over five years highlights its sensitivity to interest rate hikes, particularly before the Federal Reserve's policy changes in March 2022. Market analysts Christine and Frank Cappelleri have noted ARKK’s bullish stance in this context. Meanwhile, financial columnist Mark Hulbert has suggested that investors consider risk-averse strategies when dealing with tech-focused investments due to inherent volatility.

As earnings season unfolds, scrutiny increases over companies' financial disclosures, with a particular focus on their reliance on non-GAAP metrics rather than GAAP standards. In response to this environment, Michael Brush has recommended certain closed-end funds that offer nearly twelve percent dividends at value discounts. Furthermore, Brett Arends has proposed that retirees could consider increasing their annual withdrawal rate from four to six percent, leveraging the current high-interest rates.

Beyond financial markets, individuals are preparing for Medicare's December open enrollment deadline. Meena Seshamani has been addressing questions related to the complexities of enrollment. Additionally, Beth Pinsker provides insights into managing taxes for Social Security benefits recipients. Amidst these financial planning activities, cybersecurity remains a pressing issue as "password" endures as a common and risky choice among users.

The convergence of these diverse factors—from oil prices influenced by trading patterns to investment fund performances and personal finance strategies—reflects a complex financial landscape as the year draws to a close.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Crude oil prices slide despite geopolitical tensions

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.
  • Any comment you publish, together with your profile, will be public on and may be indexed and available through third party search engines, such as Google.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at’s discretion.

Write your thoughts here
Are you sure you want to delete this chart?
Post also to:
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Are you sure you want to delete this chart?
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
Sign up with Email