OPEC Secretary General: 'End of Oil Not in Sight' on Nostr: Macquarie Analysts Caution Against Potential Summer Oil Rally =============== ...

Macquarie Analysts Caution Against Potential Summer Oil Rally
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#4b17a52e ver:0.19

Macquarie analysts caution against a potential summer oil rally due to concerns over China's declining demand and increasing stockpiles in the US. They maintain a bearish view on crude oil prices, citing surplus concerns and negative drivers such as OPEC+ compliance, non-OPEC production, and China's decreasing sensitivity to economic growth. Structural factors could lead to a price correction despite short-term upward pressure. #OilPrices #ChinaDemand #OPEC #MacquarieAnalysis...

#newstr #OilPrices #China #Demand #Opec+ #CrudeOil

https://here.news/story/4b17a52e?ver=0.19