YPF
📈 YPF’s ADR jumped 12% in the week, reaching its weekly high at $32.70, driven by a nearly 5% rebound in oil prices.
🛢️ The oil market saw a positive shift despite OPEC’s decision to increase supply, counteracted by news of U.S. oil companies reaching peak production, balancing supply expectations.
📊 YPF’s bullish trend remains intact after a significant correction earlier in the year, outperforming banking stocks this week, unlike previous weeks.
@ClaveBursatilTV:
“This week, IPF performed very well, unlike the previous week. The ADR of IPF finished at the week’s maximum, $32.70. The Argentine oil company remains intact in its bullish trend after a fairly significant correction since the beginning of the year, with oil not doing well. But this week, yes, this week oil had a good green candle, rising almost 5%. The week had started with very bad news for the oil market, for the price trend, which is that OPEC decided to significantly increase the supply of barrels. But what happened? On Monday, news came out that counteracted it. It turns out that U.S. oil companies are turning the cycle around and reaching their peak production, precisely in light of what is happening with OPEC. Paradoxically, Donald Trump is the president who wants the oil barrel to fall due to inflation; he wants prices to fall due to lower fuel costs and has been pressing for this process of falling oil prices. OPEC acts accordingly, but then it is the U.S. companies that reach a peak of production, saying, ‘We are not going to produce more than this.’ And they balance the expectation of the supply of barrels that may exist in the near future. So, oil rebounds 4%; IPF rebounds 12% this week.”
Watch the exact part of the video where Nico from @ClaveBursatilTV talks about YPF S.A. here:
Watch the video on YouTube
Read more articles by the world’s top analysts on YPF S.A. (YPF) at the following link. YPF stock.
