Commodity Trade Mantra

Posts Tagged ‘Brent Oil Prices’

Rally in Oil Prices is Fundamentally Driven, not Based on Speculation

Oil prices are at their highest since the start of 2017, after rising above the key $50-a-barrel mark in Sept & holding those gains. Rather than pure speculation, this move is rooted in fundamentals: falling inventories and increasing demand. The outlook for crude is no less bright as U.S. fiscal stimulus, in the form of tax cuts financed by additional deficit spending, could also send oil prices higher.

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