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Weekly Fundamentals – Oil Prices Recovered, Gains Likely Limited due to Lacklustre Demand Growth and Supply Reduction

Posted July 16th, 2017 by DellaK40123848 and filed in General News
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Crude oil prices recovered last week, as both the EIA and API reported huge decline in US inventory for the prior week, and the EIA revised lower its oil output forecast for 2018. However, the demand/supply balance outlook remains negative for prices as the EIA also downgraded its demand forecast.

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Weekly Fundamentals – Oil Prices Recovered, Gains Likely Limited due to Lacklustre Demand Growth and Supply Reduction

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