Question
Determine whether each scenario could have a bearish (lower prices), bullish (raise prices), or neutral impact on the commodity price. 1.Weather - US forecasts for
Determine whether each scenario could have a "bearish" (lower prices), "bullish" (raise prices), or neutral impact on the commodity price.
1.Weather - US forecasts for September call for high temperatures in the Northeast. (Bearish, Bullish, Neutral)
2.Domestic Economy - The Dow Jones Industrial Average fell 500 points today. (Bearish, Bullish, Neutral)
3.Global Economy - The European Central Bank (ECB) loans money to a struggling Greece. And, China sees a large increase in exported goods. (Bearish, Bullish, Neutral)
4.Currency - The US Dollar traded lower against the British Pound and Japanese Yen today. (Bearish, Bullish, Neutral)
5.Geo-Political Situations - ISIS has attacked and destroyed an oil refinery in Iraq while Saudi Arabia continues to increase the supply at lower price. (Bearish, Bullish, Neutral )
6.Cross-Commodity Markets - the "peak" summer driving period is about to start and Americans are expected to drive 10% more miles than last summer due to lower gasoline prices. (Bearish, Bullish, Neutral)
7.Changes in Inventory - The Energy Information Agency's Weekly Crude & Distillates Report showed that 1.5 million barrels of oil were added to the nation's storage facilities last week. (Bearish, Bullish, Neutral)
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