The oil markets dropped today in reaction to the failed Doha meeting. But some may ask why the selloff wasn’t any steeper. The rebalancing of the oil market is well under way with or without support from the Doha participants. Extreme positioning poses a short-term downside risk not least if Saudi Arabia turns its oil weapon on Iran in a fight to maintain its market share.
from Ole Hansen - Authored content https://www.tradingfloor.com/posts/oil-selloff-could-have-been-worse-after-doha-failure-7475486?utm_medium=tf4-feed&utm_source=extract
Oil selloff could have been worse after Doha failure
ad
Enregistrer un commentaire