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Crude oil rebound could be short-lived
Oil prices rebounded yesterday afternoon after they had fallen sharply to fresh multi-week lows earlier on the day. By Wednesday morning, oil prices had made back about 50% of their weekly losses but remained vulnerable amid ongoing worries over demand and signs of excessive supply. Positive sentiment towards risky assets (with stocks also rising sharply today) was keeping the bears at bay, for now. On the demand side, there are plenty of reasons for oil investors to be concerned about. The ongoing trade war between the world’s largest economies has hurt China perhaps more than the US. But a few signs of a slowdown ... (full story)
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- Sep 4, 2019 11:31am Sep 4, 2019 11:31am
- demontrade
- | Joined Aug 2019 | Status: Member | 24 Comments
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- Sep 4, 2019 5:39pm Sep 4, 2019 5:39pm
- auricforecas
- Joined Sep 2017 | Status: Still a total mystery | 246 Comments
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