Bearish Sentiment Is Building In Oil Markets Once Again

A combination of climbing Covid infections in China, uncertainty about the G7 oil price cap, and a build in U.S. oil inventories pushed oil prices lower this week. While oil prices did climb early on Friday morning, the build-up of bearish sentiment is palpable.Friday, November 25th, 2022 With the oil price cap set to come into effect in just 10 days, the oil markets are desperately awaiting any clarification on the price limit’s actual details. The European Union convened to align on a joint oil price cap, but talks broke down as members…      

Author: AliensFaith
HighTech FinTech researcher, university lecturer & Scholar. He is studying his second doctoral degree at the Hague International University. Studying different fields of Sciences gave him a broad understanding of various aspects of life. His recent researches covered AI, Machine-learning & Automation concepts. The Information Technology Skills & Knowledge gave his company a higher position over other regional high-tech consultancy services. The other qualities and activities which can describe him are a Hobbyist Programmer, Achiever, Strategic Thinker, Futuristic person, and Frequent Traveler.
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