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Citi's Morse says oil market is weaker than priced, also China diesel demand has peaked

Citi's Morse says oil market is weaker than priced, also China diesel demand has peaked
Edward Morse, global head of commodities strategy at Citi, spoke with CNBC on Friday. says there’s a “geopolitical premium” in oil pricesbut that “the physical oil market is really a lot weaker than where the prices are predicting at the moment""People have been exaggerating the oil market immediate implications of whatever might happen – it looks like nothing might happen on the immediate future that’s going to affect prices.” “The physical market is pointing in a different direction from the... Read More
Posted: Oct 29 2023, 23:44
Author Name: forexlive
Views: 112510

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