Energy News Beat: 1/11/2020

Daily Article: https://energynewsbeat.com/2021/01/energy-news-beat-1-11-2021/

Stocks fall to begin the week amid some pullback in valuations (yes I laughed when I wrote this). Tesla shares were off by 5.8%. Bitcoin, which has been a symbol of speculation in the financial markets, was back down to $32,000 on Monday after trading above $40,000 over the weekend.

• S&P 500: -0.50%
• Nasdaq: -0.93%
• Dow Jones: -0.40%

“At extraordinarily high valuations is where we are, and its being supported by massive amounts of stimulus,” billionaire investor and DoubleLine Capital founder Jeffrey Gundlach told CNBC’s Scott Wapner on “Halftime Report.”

Crude Oil and Natural Gas News
Crude oil prices trade flat even after bullish reports from both Goldman Sachs and others that Brent prices could reach $65 by summertime. Crude oil prices currently trading around $52.15. Natural gas rises as weather remains the focus. Natural gas prices currently trading around $2.715

US Energy News
• Antero Resources $500 million offering
• Goldman sees $65 brent
• Morgan Stanley increase $XOM to overweight

International Energy News
• Iran/South Korea tankers…
• Apple/Hyundai EV deal
• OPEC+ cheating AGAIN..
• India building gas reserve
• TOTAL leading in renewables