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Despite OPEC+'s decision to extend current cuts through 2024 and Saudi Arabia's voluntary production cut, oil prices remain uncertain as the market focuses more on demand concerns and slower economic recovery than on supply deficits.
Despite expectations of a tightening oil market later this year, hedge fund managers and momentum traders continue to be bearish on crude and continue to dump bullish bets
Despite expectations of a tightening oil market later this year, hedge fund managers and momentum traders continue to be bearish on crude and continue to dump bullish bets. Portfolio managers are now the most bearish on crude oil futures and ...
Oil prices jumped on Monday morning following a threat from Saudi Arabia’s oil minister less than two weeks before the next OPEC+ meeting.
While oil prices collapsed in the first half of the year and hit a 15-month low last week, analysts and banks believe its set to bounce back.