Oil Demand Picture Slightly Stronger In China As Supply Showing Signs Of Tightening – ValueWalk Premium

Oil Demand Picture Slightly Stronger In China As Supply Showing Signs Of Tightening

Oil demand and supply functions are at work supporting the front end pricing, but will it last?

The front end of the Brent oil futures curve will not likely result in sustained backwardation, a Barclay’s commodity report notes, as oil is seeing not only supply weakening but also demand . . .

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