bullish

Crude Oil

Bulls & Bears: Near-Term and Short-Term View on Oil Prices

254 Views01 Aug 2022 09:40
Vandana has highlighted this Insight as a Top Pick
SUMMARY
  • Crude price movements have been almost entirely dictated by sentiment in the broader financial markets since around mid-June.
  • Prices rose in the week to July 29 as part of a broader relief rally in risk assets. The rally is exhausted but may help resist sharp downswings for now.
  • For the mid-Aug to mid-Sep period, we are mildly bullish.
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Vandana Hari
Founder & CEO. Oil markets macro-analysis.
Vanda Insights
EnergyCommoditiesThematic (Sector/Industry)
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