In today’s briefing:
- Where Are We In the Global Liquidity Cycle?
- EIA Forecasts Crude Oil Prices to Fall in 2025 Due to Weak Demand Growth
Where Are We In the Global Liquidity Cycle?
- January 2024 another strong month for Global Liquidity which hits US$171.7 trillion
- US Fed and China’s PBoC are in the forefront of adding liquidity
- Global Liquidity Cycle trough in October 2022. Next peak late-2025
EIA Forecasts Crude Oil Prices to Fall in 2025 Due to Weak Demand Growth
- EIA forecasts oil prices to gain during the first half of 2024 due to the Red Sea conflict and inventory withdrawals.
- Downward pressure from lukewarm oil demand and oversupply to keep prices low in 2025.
- US commercial crude oil inventories grew by 1.3% on a weekly basis but are 4% below the five year average for this time of year.
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