HomeBusinessEnergy Sector, Oil, & Gas Stock NewsCrude Oil's Confounding Price Environment

Crude Oil's Confounding Price Environment

Have crude oil prices retreated from geopolitical risk premiums? Tamar Essner weighs in on a potential slowdown in demand and slowdown in the U.S., Europe, and China. Recently, OPEC has left the 2024 world oil demand growth forecast unchanged at 2.25M BPD. Essner says that the geopolitical risks mean huge uncertainty leading to position de-risking and downward price pressure.

Futures

13 Nov 2023

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