Bad News For Oil BullsRupert Hargreaves
Oil bulls just can’t seem to catch a break. After prices were hammered at the end of last week on higher investor figures, this week it has emerged that OPEC production reached a new record last month. And to compound the misery, today the International Energy Agency issued a report claiming that oil demand growth is set to slow next year. Together these two developments indicate that the oil market is unlikely to return to balance anytime soon.
This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
If you are subscribed and having an account error please clear cache and then cookies if that does not work email email@example.com and we will get back to you as quick as humanly possible