top of page
  • alugli

Oil swims In Narrow Price BandBy - Jul 31, 2019,

Oil prices appear to be trapped within a relatively narrow range, squeezed between competing forces on both the upside and downside.

There is no shortage of news, but WTI is stuck between $50 and $60, and Brent is stuck between $60 and $70. Obviously, nothing is ever static in the oil market, and the one truism about oil is that volatility can and will return. But for now, oil is range-bound, supported by supply outages, OPEC+ cuts and geopolitical unrest on the one hand, but capped by weak demand and a looming return of surplus on the other.

5 visualizzazioni0 commenti

Post recenti

Mostra tutti

L'Europa dovrebbe evitare gli errori degli USA

U.S. Remains Painfully Dependent on China for Silicon and Solar Panels ByMetal Miner- May 24, 2024, 2:00 PM CDT The Renewables MMI (Monthly Metals Index) continued its slight downward trend month-on-m

Is The EV Revolution Still Happening?

(by Irina Slaw) ..prima o poi l'evidenza tecnica, economica ed ambientale emerge.. "During the latest profit season, executives from the auto industry probably surprised many by announcing revisions t


bottom of page