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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...
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Posted: Oct 29 2023, 23:44
Author Name: forexlive
Views: 112510