The Oil Market Is In The Process Of Testing The Lower Band And Why It's So Important For Energy Investors
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The latest bout of oil price volatility has the sell-side and traders scratching their heads. Some are calling it capitulation by the bulls and some are calling it algo liquidation. Our theory is much simpler. The market knows that global oil demand comes under pressure when crude + refining margin reaches the $170 to $180/bbl range. As a result, the market is trying to test how low oil prices can go before seeing a rebound in oil demand.
The Oil Market Is In The Process Of Testing The Lower Band And Why It's So Important For Energy Investors
The Oil Market Is In The Process Of Testing…
The Oil Market Is In The Process Of Testing The Lower Band And Why It's So Important For Energy Investors
The latest bout of oil price volatility has the sell-side and traders scratching their heads. Some are calling it capitulation by the bulls and some are calling it algo liquidation. Our theory is much simpler. The market knows that global oil demand comes under pressure when crude + refining margin reaches the $170 to $180/bbl range. As a result, the market is trying to test how low oil prices can go before seeing a rebound in oil demand.