Remain Wary Of Oil Demand In 2024

West Texas Intermediate (WTI) are in $71 per barrel range which is a far cry from $120 per barrel last summer, notes Stewart Glickman. He and Rohan Reddy discuss the oil and the energy sector. They break down the recent price action in crude oil (/CL), as well as the outlook for oil production following OPEC+ production cuts. Stewart notes that the key culprit is oil demand, but we remain wary about 2024 and near-term demand hinges on China with Russia being a key wildcard. Tune in to find out more about oil and energy and the stock market today.

Trading 360

07 Jul 2023

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