bearish

Crude Oil

Bulls & Bears: Near-Term and Short-Term View on Oil Prices

Vandana has highlighted this Insight as a Top Pick
358 Views03 Jul 2022 17:15
SUMMARY
  • After four months of rallying under supply-related bullishness, crude has begun to yield downward pressure from recessionary fears.
  • It is not just sentiment; macro-economic data, including consumer confidence readings, are starting to show weakness.
  • If Russia continues to successfully reroute its crude being rejected by the EU into Asia, supply concerns will retreat somewhat, bringing the future of demand into sharper focus.
Begin exploring Smartkarma's AI-augmented investing intelligence platform with a complimentary Preview Pass to:
  • Unlock research summaries
  • Follow top, independent analysts
  • Receive personalised alerts
  • Access Analytics, Events and more

Join 55,000+ investors, including top global asset managers overseeing $13+ trillion.

Upgrade later to our paid plans for full-access.

or
Already have an account? Sign In Now
Discussions
(Paid Plans Only)
chart-bar
Logo
Vandana Hari
Founder & CEO. Oil markets macro-analysis.
Vanda Insights
EnergyCommoditiesThematic (Sector/Industry)
Price Chart(Sign Up to Access)
analytics-chart
x