HSBC: Why Oil Stocks Will Slump This Year

Spring is in the air and so too is the prospect of a sharp decline in the global oil inventory excess according to HSBC’s Natural Resources & Energy research team. In a research note published at the beginning this month, the team headed by Gordon Gray Global Head of Oil & Gas Equity Research proclaims that they expect decisive oil inventory falls in the coming weeks as OPEC supply cuts are more fully reflected in data ... and that is bearish for Global Oil Stocks.

Overall, the team . . .

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