Oil Demand Outlook Remains Uncertain Ahead Of OPEC Meeting
Despite the raising of the U.S. debt ceiling, the outlook for global oil demand remains uncertain ahead of the upcoming OPEC meeting.
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Despite the raising of the U.S. debt ceiling, the outlook for global oil demand remains uncertain ahead of the upcoming OPEC meeting.
Sentiment in oil markets remain bearish, but bold statements from Saudi Arabia’s have given the bulls hope that OPEC+ may once again cut output.
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Volatility is the buzzword in oil markets this week as investors closely monitor the progress of debt ceiling negotiations, economic indicators from major economies and supply dynamics
While there are some bullish catalysts appearing in oil markets, bearish sentiment continues to dominate in the short term.