Commodity Roundup: Oil extends gains for third day; precious metals slip before jobs data
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 03 2024
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Source: SeekingAlpha
Global Oil Demand Trends: In September, global oil demand averaged 102.9 million barrels per day (mbd), an increase of 600 thousand barrels per day (kbd) from the previous year, but 200 kbd lower than JPMorgan's estimates due to adverse weather events affecting growth.
Year-to-Date Performance: Year-to-date through September, global oil demand has shown significant fluctuations influenced by various external factors.
Analyst Views on PSLV
Wall Street analysts forecast PSLV stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PSLV is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 30.360
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Current: 30.360
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
