The Market Call

The Market Call gives a periodic summary of major macro events, market themes and selected UK company-specific news.

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November 8, 2023

8 November 2023 – Market Prognosticator – Why are oil prices so weak?

Why are oil prices so weak?

Macro thoughts for the day:
Sustained recent weakness in oil prices, the deflationary effect, Jay Powell's speech later today and China inflation data tomorrow

In UK Company news a look at JDW J D Wetherspoon:
- Cost of debt fixed & greater forecast visibility
- Tim Martin counteracts urban myths
- Wetherspoon's hotel rooms score higher in customer service satisfaction

Read the accompanying blog: https://progressive-research.com/insights/why-are-oil-prices-so-weak/

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Opinions contained in this communication represent those of PERL and/or our affiliates at the time of publication and PERL does not undertake to provide updates to any opinions or views expressed. PERL does not hold any positions in the securities mentioned in this communication, however, PERL’s directors, officers, employees, contractors and affiliates may hold a position,  and/or may perform services or solicit business from, any of the companies or related securities mentioned.

Any prices quoted in our research are as at the previous day’s close.