Oil futures rose on Monday as tension in the Middle East spurred concerns about supply, but uncertainty over OPEC+ voluntary output cuts and global fuel demand growth clouded the sector's outlook. The S&P 500 index is forecast to rise to 4700 next year, and cash is seen as a competitive alternative to equities. Saudi Energy Minister Prince Abdulaziz bin Salman stated that OPEC+ oil production cuts can continue past the first quarter if needed. However, there are doubts about the effectiveness of the production cuts, with efforts to cap Russian oil prices faltering. Meanwhile, analysts have varying views on the stock market's performance in 2024, with some seeing a bullish trend and others expressing concerns about over-optimism and a potential drop in the S&P 500 index.
Here’s the latest news and analysis on the oil market https://t.co/D9J6JVAxL4
2023 was a very good year for stock market investors. Could 2024 be any better? Yes, according to the latest Bloomberg survey. Here’s why https://t.co/ZbHWllTSPC https://t.co/rsTWrX0o6H
2023 was a very good year for stock market investors. Could 2024 be any better? Yes, according to the latest Bloomberg survey. Here’s why https://t.co/ZbHWllTSPC https://t.co/E2evKb5ZVH
OPEC+ could take further measures if last week’s production cuts agreement isn’t enough to balance the oil market, says Deputy Prime Minister Alexander Novak https://t.co/dkDIkVrbjQ
Wolfe Research says investors are too optimistic and sees the S&P 500 dropping 8% in 2024 https://t.co/ecJMTUS5Oo
S&P 500 rallies to key 4,600 level and nears all-time high. What chartists say happens next https://t.co/oTNgHWBm6C
Efforts to cap Russian oil prices falter https://t.co/hI2psIhzyd https://t.co/aRfzTk3B15
Saudi Arabia cut its official crude oil selling prices to Asia next month amid a continued supply glut https://t.co/qVSOqW6UQi
2023 was a very good year for stock market investors. Could 2024 be any better? Yes, according to the latest Bloomberg survey. Here’s why https://t.co/ZbHWllUqFa https://t.co/up2SjdWTZ5
2023 was a very good year for stock market investors. Could 2024 be any better? Yes, according to the latest Bloomberg survey. Here’s why https://t.co/ZbHWllUqFa https://t.co/dTCesmF9fP
Oil prices steady amid OPEC+ cut doubts, Mid-East tension https://t.co/DheqlF3Vz5 https://t.co/B4qtWog3iK
2023 was a very good year for stock market investors. Could 2024 be any better? Yes, according to the latest Bloomberg survey. Here’s why https://t.co/ZbHWllUqFa https://t.co/hXbmvmzQLF
Here’s the latest news and analysis on the oil market https://t.co/qwgiB7iRWJ
Morning Bid: RBA takes center stage as markets wobble https://t.co/XHRZITmwdm https://t.co/vKyyCBghcr
2023 was a very good year for stock market investors. Could 2024 be any better? Yes, according to the latest Bloomberg survey. Here’s why https://t.co/7dtOs2KyjG https://t.co/Fv0agSEejQ
2023 was a very good year for stock market investors. Could 2024 be any better? Yes, according to the latest Bloomberg survey. Here’s why https://t.co/1vgQZxAf6S https://t.co/yIS2tpzAHs
2023 was a very good year for stock market investors. Could 2024 be any better? Yes, according to the latest Bloomberg survey. Here’s why https://t.co/ZbHWllTSPC https://t.co/sLv1fZDgaL
CHART OF THE DAY: The S&P 500 is running into an obstacle that could make or break the bull rally https://t.co/nHD8qSxLuC
The S&P 500 went into today rather overbought 👀 https://t.co/FZsmQiHcMD
Here's why OPEC's production cuts haven't boosted the price of oil https://t.co/tD3dO9qdU0
Oil’s losing streak grinds on as post-OPEC+ gloom settles in https://t.co/bbOd594eWV via @business
Stifel says the S&P 500 to top out soon, still stuck in a secular bear market https://t.co/UloGBQPPOc
“I honestly believe that the delivery of the 2.2 [million] will happen." The oil production cuts by the OPEC+ alliance can continue past the first quarter if needed, Saudi Energy Minister Prince Abdulaziz bin Salman says https://t.co/Z3bcRgvTby https://t.co/eOJHItAOmA
Stifel strategists see S&P 500 struggling to gain much ground by mid 2024 https://t.co/ABZHdcYTRt https://t.co/91vGMTExrR
The oil production cuts by the OPEC+ alliance can “absolutely” continue past the first quarter if needed, Saudi Energy Minister Prince Abdulaziz bin Salman tells Bloomberg https://t.co/LHHhNNh599
OPEC+ Oil Production Cuts Can Continue Past March If Needed, Saudi Prince Says https://t.co/90VSgra2Kv
#OPEC+ CUTS CAN 'ABSOLUTELY' GO BEYOND 1Q: SAUDI ENERGY MINISTER
The oil production cuts by the OPEC+ alliance can “absolutely” continue past the first quarter if needed, Saudi Energy Minister Prince Abdulaziz bin Salman tells Bloomberg https://t.co/OatsYFGZQn
The oil production cuts by the OPEC+ alliance can “absolutely” continue past the first quarter if needed, Saudi Energy Minister Prince Abdulaziz bin Salman tells Bloomberg https://t.co/AZaooXfodk
🔴 SAUDI ENERGY MINISTER: OPEC+ CUTS CAN ABSOLUTELY GO BEYOND Q1.
*OPEC+ CUTS CAN 'ABSOLUTELY' GO BEYOND 1Q: SAUDI ENERGY MINISTER *SAUDI ENERGY MINISTER SAYS WON’T AGREE FOSSIL FUEL PHASE DOWN
🔴 SAUDI MINISTER: THE OPEC+ 2.2M B/D CUTS WILL BE DELIVERED.
2023 was a very good year for stock market investors. Could 2024 be any better? Yes, according to the latest Bloomberg survey. Here’s why https://t.co/7dtOs2KyjG https://t.co/cP1v6VNG1y
2023 was a very good year for stock market investors. Could 2024 be any better? Yes, according to the latest Bloomberg survey. Here’s why https://t.co/1vgQZxAf6S https://t.co/9UDYukY1n8
2023 was a very good year for stock market investors. Could 2024 be any better? Yes, according to the latest Bloomberg survey. Here’s why https://t.co/ZbHWllTSPC https://t.co/As17CbciHp
Both professional and retail investors think their investments will do better in 2024. @WealthWatch https://t.co/3MJZO01Q52
Oil investors discounted OPEC+ cuts in advance https://t.co/RVv7r3RSN0 https://t.co/Bj7CLUrWhX
The S&P 500 Index of US stocks is forecast to rise to 4700 next year, according to the Goldman Sachs Research 2024 US Equities Outlook. Cash, yielding around 5%, will be a competitive alternative to equities. Get the forecast from Goldman Sachs Research. https://t.co/Vh9vgv4W5D
Bull market in view after S&P 500 hits fresh year-high https://t.co/Rlq7ohH2Bd
Explainer: What new OPEC+ oil output cuts are in place after Thursday deal https://t.co/xDyGYVjTzc https://t.co/frEl6L716M
Gold makes the running as oil fails to fire - Reuters https://t.co/VvQzsAM7Tp
Oil falls on demand fears and doubts over OPEC+ cuts - Reuters https://t.co/omUrZWiDou
Morning Bid: Buoyant markets hold near year's highs https://t.co/fHQX2mhjhL https://t.co/l1e5Ji99Tg
Bull market in view after S&P 500 hits fresh year-high https://t.co/Sur11pyrAY https://t.co/wjOckgo0EV
Investors think their investments will do better in 2024 than in 2023 👀 https://t.co/ZbnSdzu7tw
OIL CLIMBS AS MIDEAST TENSION BACK IN FOCUS (Reuters) Oil futures rose Monday as tension in the Middle East returned to focus, spurring concerns about supply from, but uncertainty over OPEC+ voluntary output cuts and global fuel demand growth clouded the sector's outlook. https://t.co/SE6CrdBUwu
Morning Bid: Gold makes the running as oil fails to fire https://t.co/Qlx9AQ3fTn https://t.co/Tzm9CT13Rh
Experts reveal their 2024 predictions for stocks, house prices and interest rates https://t.co/RNVsk4xiyN https://t.co/qZlP3xbGnS