From OPEC+ Lollipops to Market Haircuts: Navigating the Turbulent Waters of Oil Prices and Economic Signals
We could be going from the OPEC+ lollipop to a bad haircut. Oil prices suffered their greatest weekly loss in three months as concerns about stalled economic growth became more prominent. Compounding this concern was a large build in inventories combined with increasing US crude production. The EIA reported a 4% drop in gasoline demand year over year. We […]
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