Thursday, April 16, 2020

Seeking Alpha - Crude Oil Is All About Demand

Summary

  • OPEC's recent agreement has amounted to an almost ten million barrel per day output cut.
  • We're seeing unprecedented declines in demand.
  • Inventories are rising.
  • Rig counts are falling.
  • Crude oil will recover on any whiff of demand.

https://seekingalpha.com/article/4337751-crude-oil-is-all-demand

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