CRUDE OIL PRICES OUTLOOK: BEARISH
- Crude oil prices could undergo from worsening development outlook
- OPEC World Oil Outlook could catalyze selloff in crude oil
- Might escalating US-Iran tensions assist crude oil costs?
Crude oil costs could come underneath promoting stress if OPEC’s World Oil Outlook forecasts weakening demand in opposition to the backdrop of deteriorating US-China commerce battle negotiations. The downward transfer could also be amplified by world development issues from feedback by the World Financial institution President in opposition to the backdrop of yet one more cascade of company earnings all through the week. Can escalating US-Iran tensions mitigate a selloff?
OPEC World Oil Outlook: The place are Crude Oil Costs Heading?
On November 5, the Group of Petroleum Exporting International locations (OPEC) will publish its World Oil Outlook (WOO). The business has been burdened this 12 months by weakening demand amid a “synchronized slowdown”, which has pressured…