Quotes from the news wire:
Though oil is recovering again today, the lack of any coordinated action by OPEC+ means that oversupply concerns are likely to retain the upper hand.
Found on Reuters 4 years ago
Risk appetite among financial investors is now likely to remain high thanks to the deal between the U.S. and China and the forthcoming end to the Brexit cliffhanger, this will also benefit the oil price.
Found on Reuters 4 years ago
In order to avoid a price slide and a massive inventory build, OPEC+ would need to implement further voluntary production cuts, the challenge facing OPEC+ is thus likely to become even bigger next year, maintaining the pressure on the oil price.
Found on Reuters 5 years ago
The sentiment is still quite negative and depressed on oil prices, there are factors which should be supportive, but at the moment I think there is no single (piece of) news which would convince the bears that the decline is over.
Found on Reuters 8 years ago
The market is massively oversupplied, this rally doesn't have strong legs.
Found on Reuters 8 years ago
We expect both prices to rise next year, a short-term slide can't be excluded.
Found on Reuters 8 years ago
We are confident that the incipient decline of production in the United States will herald a long-term and fundamental bottoming out process on the oil market.
Found on Reuters 9 years ago
We are also hopeful that OPEC will agree on a stricter quota discipline at its December meeting.
Found on Reuters 9 years ago
The market is expecting the tightening in the second half of the year, we argue this dynamic is hardly fundamentally sound.
Found on Reuters 9 years ago
We are in an oversupplied market, and this oversupply is unlikely to disappear any time soon.
Found on Reuters 9 years ago
We think the market is already reading too much into this, the price action is premature.
Found on Reuters 9 years ago
I do believe demand is in a much better shape than we feared before and already expected right now, all kinds of signs of demand being above expectation are already in place. Especially in the U.S., where we had a real boom in registrations of pickups and SUVs and everything else.
Found on Reuters 9 years ago
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