Oil price reflects macroeconomic situation as well as geopolitical tensions in major oil producing countries.
One would surmise that demand in the coming months is likely to remain low, while price war among oil producing countries continues. On the other hand, if major conflicts break out, price could easily double within a week's time.
I'm keeping this note and will revisit if this happens.
One would surmise that demand in the coming months is likely to remain low, while price war among oil producing countries continues. On the other hand, if major conflicts break out, price could easily double within a week's time.
I'm keeping this note and will revisit if this happens.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.