, 4 tweets, 3 min read Read on Twitter
$CL_F Oil continued to rise this week delivering the longest winning streak since November 2017. Brent prices increased more than 30% year-to-date as #OPEC+ continued to cut supply for 4 months in a row and optimism over USA-China #tradetalks helped to buoy the demand outlook ...
... Supply risks from Venezuela and Libya, both exempt from #OPEC+ strategy, are mounting. In Venezuela, power failures that plagued the country last month were said to have briefly slashed crude output by half. In Libya, tensions are rising as military leader ...
... Khalifa Haftar ordered his forces to advance on Tripoli on Thursday. Quite interestingly, oil prices continued to rise despite the second consecutive unexpected increase in US #crude #oil stockpiles. Going forward, our strategists think that with the prospects for a ...
... US-China agreement emerging, #oil prices should finally break out of the recent trading range and be supported by policy driven tightness. However, the recovery is likely to fade in 2H19 unless #OPEC+ continues to over-comply in supply cuts and demand growth holds up. (JPM)
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