bearish

Crude Oil

Global Commodities: The pain trade

404 Views10 Mar 2025 14:12
Podcast
SUMMARY
  • Brent oil price is currently 7% below fair value with short-term technical indicators in oversold territory
  • Forecast predicts Brent oil to average $73 in 2025, with a surplus in global oil market of 1.3 million barrels per day
  • Market consensus diverges from forecast, with disagreements on oil balances and optimism towards non-OPEC supply growth

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

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