The Downside Risk For Oil Prices Is Undeniable
Inverting yield curves, a shrinking German economy, Brexit, two trade wars, tariffs and slowing industrial activity in China are all pointing to the possibility of a recession. Even if we assume, as I’m sure most are hoping, that despite these signals a recession does not occur - the current market sentiment is undoubtedly a cause of concern for commodities like crude oil. Oil markets look set to be bearish or at least range bound for the rest of the year. Macroeconomic forces are coming together... Читать дальше...
