The crude oil markets continue to sell, with the possibilities of Russia-Ukraine’s deal to get rid of the risk of energy supply during the last sessions, Daniel Ghali, the strategic expert at TDS.
Crude oil markets continue to sell
“It has reflected a scale for our energy saving now its previous height related to Biden’s farewell sanctions on Russia, but our reading indicates that the concerns surrounding OPEC+ reserve capacity and surplus expectations outperform the geopolitical effects so far.”
“We see only a very narrow pathway for highly high oil prices to stay sustainable, but most tracks indicate a widespread context of oil prices this year. At the present time, the CTA sale activity in raw Brent increases, with drought set to sell up to -20 % of its maximum size.
“Unfortunately for the bulls, while the signs of the emerging biomas on the horizon appear on the horizon, we have not yet – our simulations still refer to scenarios that can lead to more selling from this regiment.”
