bearish

Crude Oil

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

Vandana has highlighted this Insight as a Top Pick
341 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.
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Vandana Hari
Founder & CEO. Oil markets macro-analysis.
Vanda Insights
EnergyCommoditiesThematic (Sector/Industry)
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