Macro sentiment and physical oil markets point to near-term oversupply
Macro sentiment in many parts of the world has been weak, keeping prices lower with prices trading near a 2-month low. Dubai crude oil swap time spreads continued to decline, reflecting weak demand fundamentals in several parts of the world. With recessionary indicators, sentiment was weak. Spreads in the Brent complex also weakened as the …
Macro sentiment and physical oil markets point to near-term oversupply Read More »