The Downside Risk Of Tomorrow's OPEC+ Meeting
Should OPEC+ fail to stimulate markets tomorrow, the downside risk associated with global oil demand destruction could send oil prices tumbling
Source: oilprice.com
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Are Oil Prices Heading Back To $120?
Last week’s sell-off by speculators caused a temporary drop in oil prices, but physical tightness and falling spare capacity have stoked bullish sentiment once again
Source: oilprice.com
Oil Supply Fears Mount As OPEC Underperforms
Despite weak demand in China, the oil market is looking increasingly bullish as OPEC fails to hit its production target and Libya struggles with supply disruptions
Source: oilprice.com
Upward Pressure On Oil Prices Is Only Going To Increase
There was a drop in oil prices when OPEC announced plans to increase its production in July and August, but bullish sentiment is now growing rapidly
Source: oilprice.com
Oil Prices Continue To Climb As Supply Uncertainties Mount
The EU finally agreed on an oil ban, albeit a partial one, which sent oil prices climbing even higher as demand continues to grow unabated
Source: oilprice.com