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Brent crude oil - the demand worries vs. supply worries continue to play out
Oil gained in Thursday trade, those more worried about supply issues were the winners for the day. The supply worries centre on OPEC/Russia output cuts and the ramifications of terrorist attacks on Israel on Middle East stability. Demand worries focus on global economic growth perhaps faltering. This week we've seen a (large) rise in inventory again. Via RBC, an analyst points out that despite concerns that the Israel-Hamas conflict could escalate and disrupt the world's oil supply, a surprising...
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Posted: Oct 12 2023, 20:38
Author Name: forexlive
Views: 112547