Weekly Fundamentals - Comparing the Demand/ Supply Forecasts of Three Oil Agencies
JanellKGNfnjeCrude oil prices retreated for the first time in 6 weeks. With geopolitical tensions taking a backseat, traders shifted their focus on the demand/supply outlook. Second consecutive weekly stock-build, record high in US oil production and IEA's downgrade of global demand outlook have raised concerns that further output cut by OPEC and non-OPEC producers might not offer much help to rebalance the oil market.
Go here to read the rest:
Weekly Fundamentals - Comparing the Demand/ Supply Forecasts of Three Oil Agencies
