Oil Supply/Demand - August 5
Posted: Thu Aug 05, 2021 8:17 am
As Oil Prices Slide But Demand Rises, Here's What To Watch For
By Ellen R. Wald, Ph.D.Commodities5 hours ago (Aug 05, 2021 04:02AM ET)
Oil prices fell this week, largely based on concerns that:
Chinese oil demand may drop
US economic data is not encouraging
Increasing oil production from OPEC+ will be a drag on prices
However, traders should keep in mind that demand is growing in other regions of the world, despite ongoing coronavirus concerns. Here’s what to watch for in the coming weeks: https://www.investing.com/analysis/as-o ... -200596250
By Ellen R. Wald, Ph.D.Commodities5 hours ago (Aug 05, 2021 04:02AM ET)
Oil prices fell this week, largely based on concerns that:
Chinese oil demand may drop
US economic data is not encouraging
Increasing oil production from OPEC+ will be a drag on prices
However, traders should keep in mind that demand is growing in other regions of the world, despite ongoing coronavirus concerns. Here’s what to watch for in the coming weeks: https://www.investing.com/analysis/as-o ... -200596250